By Godson Umejiego, Buereau Chief, The Americas

The Federal Deposit Insurance Corporation (FDIC)  has announced three new members of the agency’s Minority Depository Institutions (MDI) Subcommittee to the Advisory Committee on Community Banking:

• President and CEO, Bay Bank, Green Bay, Wisconsin, Claude (Jeff) J. Bowman
• President and CEO, Industrial Bank, Washington, District of Columbia, Doyle Mitchell
• President and CEO, Metro City Bank, Doraville, Georgia, Farid Tan

The FDIC’s MDI Subcommittee serves as a source of feedback for FDIC strategies to fulfill its statutory goals for MDIs; provides a platform for MDIs to promote collaboration, partnerships, and best practices; and identifies ways to highlight the work of MDIs in their communities.

On May 31, 2023, the MDI Subcommittee will meet in open session to share insights into key challenges and opportunities facing their communities and financial institutions in addition to spotlighting private funds that support MDIs: the MDI Keepers Fund, Black Economic Development Fund, and Mission-Driven Bank Fund.

The new members join the following members on the MDI Subcommittee:

*President & CEO, People’s Bank of Seneca, Seneca, Missouri, Deron Burr

*General Counsel, Amerasia Bank, Flushing, New York, Warren Huang

*Chairman and CEO, Finance Factors, Ltd., Honolulu, Hawaii, Russell Lau

*President & CEO, Liberty Bank & Trust Co., New Orleans, Louisiana, Alden J. McDonald Jr.,

*President & CEO, Falcon International Bank, Laredo, Texas, Gilbert Narvaez Jr.,

* President & CEO, Centinel Bank of Taos, Taos, New Mexico, Angel Reyes