Robie’s Desk: On the Benefits of Investing in a Minority Depository Institution (MDI)

2024-10-22

When we transitioned to a Minority Depository Institution (MDI) in late 2023, I knew that was the beginning of a bright future for the bank. I’d like to share a few perks that financial institutions and other organizations can benefit from when investing in an MDI like ours.

Financial institutions can benefit from:

  • Receiving CRA-type credit.
  • Receiving a mutual capital certificate. This is an option for long term patient investment that offers organizations like yours an opportunity to invest in our mission and greater leverage our MDI status throughout the community.
  • Participating in loans to businesses located in LMI communities.

Non-financial institutions can benefit from:

  • Custom financial solutions, including utilizing our IntraFi CDARs service when you deposit up to one million dollars.
  • Your investment making an immediate impact to small businesses, neighborhoods and people who call our community home.

There are many advantages to investing in an MDI, and with the possibility of new partners, I can’t wait to see what the future holds.

Here’s to endless opportunities!

Robie K. Suggs
President and CEO Find me on LinkedIn: @robiesuggs