ABA and National Bankers Association Announce New Partnership to Serve Minority Depository Institutions
The American Bankers Association and the National Bankers Association today announced a new series of semiannual MDI partnership summits designed to connect midsize and regional banks with minority depository institutions (MDIs) across the United States. Sponsored by ABA’s Minority Depository Institutions Advisory Council (MDIAC), the summits will begin in 2023 and will be held during an ABA spring meeting and an NBA fall meeting each year. This initiative builds on ABA and NBA’s existing strategic partnership first announced in 2020.
“MDIs are a critical part of the banking industry and an important source of capital for small businesses and minority communities across the U.S.,” said Rob Nichols, ABA president and CEO. “These institutions play a key role in expanding economic opportunities for a wide range of Americans, and these summits will give banks of all sizes the opportunity to support and partner with MDIs and help expand their impact.”
“We appreciate ABA’s strong support of both the NBA and MDI community as a whole,” said Nicole Elam, president and CEO of the National Bankers Association. “We are excited to collaborate on these events and explore the incredible potential for partnerships between MDIs and their peers around the nation.”
ABA has a large and broad constituency of MDIs within its membership ranks, representing Latinae/Hispanic, Native American, Black and Asian-Pacific Islander owned and operated banks. ABA’s MDIAC engages these member banks and provides focused support to these important institutions.
“It is an honor to launch this critically important initiative,” said Bryan Luke, president & CEO, Hawaii National Bank and the inaugural chair of the MDIAC. “We are confident this partnership will help create jobs, grow small businesses and improve access to capital for individuals in communities of color across the country.”
For more information on the MDI partnership summits, please visit https://www.aba.com/training-events/conferences/mdi-partnership-summits.
About the American Bankers Association
The American Bankers Association is the voice of the nation’s $23.7 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $19.6 trillion in deposits and extend $11.8 trillion in loans.
About the National Bankers Association
Founded in 1927 as the Negro Bankers Association, today, the association has expanded its membership to also include Hispanic-American, Asian-American, Native American and women – owned banks. Member banks are located in twenty-two states and the District of Columbia. Recognized as the voice of minority banking in the U.S., the NBA continues its role as chief advocate for these banks in the nation’s capital. For more information, please visit: www.nationalbankers.org