From: FDIC Subscriptions <subscriptions@fdic.gov>
Date: Thu, May 8, 2014 at 7:08 AM
Subject: FIL-26-2014: FDIC Releases Resource Guide to Help Financial Institutions Evaluate Opportunities to Collaborate with Community Development Financial Institutions
To: iammejtm@gmail.com
Financial Institution Letter
| FDIC Releases Resource Guide to Help Financial Institutions Evaluate Opportunities to Collaborate with Community Development Financial Institutions | FIL-26-2014 5/8/2014 |
| Summary: | The FDIC has produced a resource guide, Strategies for Community Banks to Develop Partnerships with Community Development Financial Institutions, to inform FDIC-supervised institutions of strategies to meet community credit and development needs and receive consideration under the Community Reinvestment Act (CRA) through collaboration with community development financial institutions (CDFIs). The guide contains information to help community banks identify and evaluate opportunities to collaborate with CDFIs providing financial products and services to underserved markets. The guide describes the key characteristics of CDFIs and the types of investments that can support them. It also discusses steps to consider when assessing bank/CDFI partnerships and how these activities may enhance CRA performance. Statement of Applicability to Institutions with Less Than $1 Billion in Total Assets: This Financial Institution Letter applies to all FDIC-supervised institutions. |
Distribution:
FDIC-Supervised Institutions
Complete Financial Institution Letter: http://www.fdic.gov/news/news/financial/2014/fil14026.html
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Jeremy Tobias Matthews
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