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Financial Institution Letter

FDIC Announces Upcoming Community Affairs Webinar:

Model Approaches to Community Bank/Community Development Financial Institution (CDFI) Partnerships
July 8, 2014
Notes
 

Summary:

The FDIC's Division of Depositor and Consumer Protection (DCP) Community Affairs Branch will host a webinar on Model Approaches to Community Bank/CDFI Partnerships on July 31, 2014, from 2:00 p.m. to 3:30 p.m. (EDT). FDIC staff will provide an overview of a resource guide, Strategies for Community Banks to Develop Partnerships with CDFIs , designed to help community banks identify and evaluate opportunities to collaborate with CDFIs. The webinar also will include presentations on model bank/CDFI partnerships and an overview of U.S. Department of the Treasury programs that can potentially support bank/CDFI partnerships.

Statement of Applicability to Institutions Under $1 Billion in Total Assets: This Financial Institution Letter applies to all FDIC-supervised institutions.

Highlights:

  • The webinar will inform community banks of strategies to meet community credit needs in low- and moderate-income communities and receive Community Reinvestment Act (CRA) consideration through collaborations with CDFIs.
  • The webinar will be held on Thursday, July 31, 2014, from 2:00 p.m. to 3:30 p.m. EDT.
  • CDFIs are specialized financial institutions that provide financial products and services to underserved markets.
  • The webinar is a follow-up to the release of the FDIC's resource guide Strategies for Community Banks to Develop Partnerships with CDFIs .
  • The webinar will include an overview of the resource guide. Bank officials representing Community Savings Bank, Chicago, IL; The Bank of Tampa, Tampa, FL; and Eastern Bank, Boston, MA—banks that were featured in the resource guide—will discuss their approaches to working with CDFIs. A representative from the U.S. Department of Treasury's CDFI Fund also will review their programs that can potentially support partnership activities.
  • The session is free but registration is required. Institutions must register by July 28. Click here to register .

Distribution:

  • FDIC-Supervised Banks (Commercial and Savings)

Suggested Routing:

  • Chief Executive Officer
  • Chief CRA Officer
  • Chief Lending Officer
  • Compliance Officer

Paper copies may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).

FIL-35-2014

Last Updated: July 8, 2014