• Wed. May 12th, 2021

FDIC Minority Depository Institutions Subcommittee to Meet

FDIC Minority Depository Institutions Subcommittee to Meet

July 27th virtual meeting to address issues important to minority banks

WASHINGTON, DC (STL.News) The Federal Deposit Insurance Corporation (FDIC) today announced the agency’s Minority Depository Institutions (MDIs) Subcommittee to the Advisory Committee on Community Banking will meet virtually on Monday, July 27, 2020.  During the public portion of the meeting, the MDI Subcommittee members will share insights into key challenges and opportunities facing their communities and financial institutions.  In addition, John Lewis, President and Chief Operating Officer of Harbor Bankshares Corporation, will highlight the results of its community development work in Baltimore.

Following the public meeting, MDI Subcommittee members will provide feedback on the FDIC’s strategies to preserve and promote MDIs, and on recent private sector commitments and engagement to leverage the work of MDIs in their communities, in preparation for presenting its findings to the Advisory Committee on Community Banking.

Last December, FDIC Chairman Jelena McWilliams established the MDI Subcommittee to provide a platform for minority-owned and managed banks to build partnerships, to share best practices, and to highlight the work of MDIs in their communities.  Read more about the FDIC’s efforts to preserve and promote MDIs.

MDI Subcommittee members are:

  • Deron Burr, President and CEO, People’s Bank of Seneca, Seneca, Missouri
  • Kyle Chavis, Chief Executive Officer and Chief Credit Officer, Lumbee Guaranty Bank, Pembroke, North Carolina
  • Warren Huang, General Counsel, Amerasia Bank, Flushing, New York
  • Jesse Kung, President and CEO, Evertrust Bank, Pasadena, California
  • Benjamin J.B. Lin, President and CEO, Pacific Alliance Bank, Rosemead, California
  • Gilbert Narvaez, Jr., President and CEO, Falcon International Bank, Laredo, Texas
  • Alden J. McDonald, President and CEO, Liberty Bank and Trust, Co., New Orleans, Louisiana
  • Angel Reyes, President, Centinel Bank of Taos, Taos, New Mexico
  • James H. Sills, III, President and CEO, M&F Bank, Durham, North Carolina

The MDI Subcommittee meeting will be Webcast live at 1:00 p.m. EDT via http://fdic.windrosemedia.com.  Those who require auxiliary aids (e.g., sign language interpretation) for this meeting should call (703) 562-2404 (Voice) or (703) 649-4354 (Video Phone).

The open meeting will also be made available on-demand approximately two weeks after the event.

Marty Smith

Marty Smith

Marty Smith is the acting Editor in Chief as well as the founder of STL.News, DirectSourceNews.org, and St. Louis Restaurant Review. Additionally, Smith is the IT Manager responsible for STL.News and affiliate sites. Smith has created multiple aggregator sites to manage the large amount of content used to select which content to published on STL.News. As Editor in Chief, Smith is responsible for the content posted on the network with the help of the publishing team, which is located around the globe.