MDIS

Ponce Financial Group, Inc. Issues $225 million of Preferred Stock to the U.S. Department of Treasury Under the Emergency Capital Investment Program

Retrieved on: 
Thursday, June 9, 2022
External commercial borrowing, ECIP, U.S. Department of the Treasury, Office of Inspector General, Mission statement, Company, Program, Small Business Administration, Article, Federal Home Loan Banks, Securities Act of 1933, Annual report, Bank, Community development financial institution, Securities Exchange Act of 1934, Lists of disasters, Security (finance), U.S. Securities and Exchange Commission, Senior, Preferred stock, U.S. Department of Defense Strategy for Operating in Cyberspace, Investment, Regulation, Fraud, Community development, Treasury, GLOBE, Small business, Risk, Private Securities Litigation Reform Act, Health, COVID-19, NASDAQ, Government, Color, MDIS, PDL

The ECIP investment by the Treasury is part of a program to invest over $8.7 billion into Community Development Financial Institution (CDFI) or Minority Depository Institution (MDI), of which Ponce Bank is both.

Key Points: 
  • The ECIP investment by the Treasury is part of a program to invest over $8.7 billion into Community Development Financial Institution (CDFI) or Minority Depository Institution (MDI), of which Ponce Bank is both.
  • Ponce Financial Group, Inc., as the successor by merger with PDL Community Bancorp, is the holding company for Ponce Bank.
  • Ponce Bank is a Minority Depository Institution, a Community Development Financial Institution, and a certified Small Business Administration lender.
  • These statements are based upon the current beliefs and expectations of management and are subject to significant risks and uncertainties.

Merchants & Marine Bancorp Completes Capital Raise

Retrieved on: 
Wednesday, June 8, 2022
Banking, Professional Services, Finance, ECIP, Leadership, Congress, Community development financial institution, Program, MDIS, OTCQX, Ownership, Consolidated Appropriations Act, 2021, Investment, Community development, Treasury, Great Depression, Growth, Merchant, History, Omnibus spending bill, CDFI, Safety, Bank, Gulf Coast of the United States

Merchants & Marine Bancorp, Inc. (OTCQX:MNMB), the parent company of Merchants & Marine Bank, has announced the completion of its capital raise through the United States Treasurys Emergency Capital Investment Program (ECIP).

Key Points: 
  • Merchants & Marine Bancorp, Inc. (OTCQX:MNMB), the parent company of Merchants & Marine Bank, has announced the completion of its capital raise through the United States Treasurys Emergency Capital Investment Program (ECIP).
  • Merchants & Marine Bancorp, Inc. qualified for the investment due to its status as a Community Development Financial Institution (CDFI).
  • The funds receive a Tier 1 capital treatment at the bank, allowing for increased growth and safety above the already strong capital position enjoyed by Merchants & Marine Bank.
  • Merchants & Marine Bancorp, Inc. (OTCQX: MNMB) is the parent company of Merchants & Marine Bank, a Mississippi chartered community bank serving the Gulf South region.

CNote's Community Investment Platform Nears $300M, a Sign of Balance Sheet Activism Rising Across Business Sectors

Retrieved on: 
Thursday, June 2, 2022
Netflix, PayPal, Economic development, MDIS, Science and technology in Asia, C-Note, ESG, Policy, CEO, U.N, BIPOC, Investment, Equity, Compact disc, NCUA, Entrepreneurship, Mastercard, GLOBE, Technology, Access to Justice Initiatives, Movement, LID, Gender, Color, CDFI, DEI, Bank, Renewable energy, Apple, Xylem, Environment

The milestone reflects accelerated momentum for the women-led fintech firm's work to unleash corporate balance sheets for racial and gender equity.

Key Points: 
  • The milestone reflects accelerated momentum for the women-led fintech firm's work to unleash corporate balance sheets for racial and gender equity.
  • "We're seeing continued interest from large corporations in balance sheet activism.
  • It's a movement, not a moment," said Catherine Berman, CEO of CNote , adding that "this interest runs across industries, as our newest clients illustrate.
  • They're looking at the corporate treasury as a tool to deepen their DEI, ESG and racial justice goals."

MDIS Expands Campus in Dushanbe as Part of Growth Plans in Central Asia

Retrieved on: 
Friday, May 20, 2022
Education, Tourism, COVID-19, University, Engineering, Population, TAT, International North–South Transport Corridor, International, IMF, Unitary enterprise, MDIS, Agriculture, Belt, Information technology, Science, Learning, Management Development Institute of Singapore in Tashkent, Transport, Ministry, Management Development Institute, Belt and Road Initiative, Workforce, Industry, Teesside University, Partnership, Republic, BRI, Student, Federal State Unitary Enterprise Guard (Russia), Central, Growth, University of Sunderland, GLOBE, Tutoring, Renewable energy

MDIS has also grown beyond partnerships with overseas universities and has effectively gone global with campuses abroad.

Key Points: 
  • MDIS has also grown beyond partnerships with overseas universities and has effectively gone global with campuses abroad.
  • Capitalising on the 'Singapore brand', MDIS has overseas campuses that include MDIS Tashkent, Uzbekistan, and MDIS Malaysia, Johor.
  • "MDIS Tashkent has established a solid reputation in Central Asia, which is reflected in the 10-fold increase of our student intake in just 10 years in Tashkent.
  • With the active support of Tajikistan's government, which provides valuable resources such as land and buildings for the set-up of MDIS Dushanbe.

CNote Expands Access to Capital for Community Financial Institutions With $25 Million From Apple to Support Communities of Color

Retrieved on: 
Thursday, May 5, 2022
Policy, Investment, Gender, ECU, Science and technology in Asia, GLOBE, U.N, Mastercard, Black, PayPal, NCUA, Credit, Color, Entrepreneurship, Equity, C-Note, Amarillo, Texas, Credit union, BIPOC, MDIS, Dream, Bank, Carver State Bank, Cherokee Nation, Access to Justice Initiatives, LID, CEO, Technology, Mobile phone, Renewable energy, Apple, Environment

The new funding builds on Apple's previously announced commitments to expand economic empowerment and support entrepreneurs of color.

Key Points: 
  • The new funding builds on Apple's previously announced commitments to expand economic empowerment and support entrepreneurs of color.
  • "By working with CNote to get funds directly to historically under-resourced communities through their local financial institutions, we can support equity, entrepreneurship and access."
  • "Through our platform, we have already started moving Apple deposits into low-income communities and communities of color."
  • CNote moves client deposits into FDIC- and NCUA-insured accounts across a wide network of mission-driven deposit institutions, including community development financial institutions (CDFIs), low-income designated (LID) credit unions, and minority depository institutions (MDIs).

Security Federal Corporation Plans to Participate in a New U.S. Treasury Program Designed to Assist Underserved Communities

Retrieved on: 
Friday, April 22, 2022
Nature, Board, ECIP, Community development, U.S. Securities and Exchange Commission, COVID-19, Security (finance), Annual report, GLOBE, Securities Act of 1933, Community development financial institution, Securities Exchange Act of 1934, Secure Federal File Sharing Act, Insurance, Company, Bank, SEC, Exchange, Forward-looking statement, Investment, MDIS, Trust, Treasury

As a qualified CDFI Bank serving communities in South Carolina and Georgia, Security Federal Corporation applied for an allocation of ECIP funds.

Key Points: 
  • As a qualified CDFI Bank serving communities in South Carolina and Georgia, Security Federal Corporation applied for an allocation of ECIP funds.
  • On December 14, 2021, Security Federal was included on the Treasurys list of 186 financial institutions approved to receive ECIP investments.
  • On April 21, 2022, the Board of Directors of Security Federal Corporation (the Company), the holding company of Security Federal Bank (the Bank) voted to move forward with an investment from the United States Department of Treasury (Treasury) under the Emergency Capital Investment Program (ECIP).
  • Security Federal Bank has eighteen full service branch locations in Aiken, Ballentine, Clearwater, Columbia, Graniteville, Langley, Lexington, North Augusta, Ridge Spring, Wagener and West Columbia, South Carolina and Evans and Augusta, Georgia.

Basis Investment Group Announces First-of-its-Kind Origination Partnership with Genesis Bank in SoCal

Retrieved on: 
Wednesday, April 20, 2022
Women, Commercial Building & Real Estate, Construction & Property, Finance, Men, Banking, Professional Services, Consumer, CEO, Founding, Treasury, MDI, Woman, JV, Small Business Administration, CA, SBA, CRE, Minority, FDIC, National Association of Affordable Housing Lenders, State, Bank, Warwick Investment Group, Equal housing lender, Solution, Investment, MDIS, Industry, Partnership, Freddie Mac, Security (finance), Basis, Genesis

Basis Investment Group (Basis), a national commercial real estate (CRE) debt and equity investment platform, today announced a first-of-its kind origination partnership with Genesis Bank (Genesis), a California-chartered commercial bank focused on serving its target markets of Los Angeles, Orange, Riverside, and San Bernardino Counties, California.

Key Points: 
  • Basis Investment Group (Basis), a national commercial real estate (CRE) debt and equity investment platform, today announced a first-of-its kind origination partnership with Genesis Bank (Genesis), a California-chartered commercial bank focused on serving its target markets of Los Angeles, Orange, Riverside, and San Bernardino Counties, California.
  • The unique partnership will allow Basis to deepen its commitment to underserved communities while providing Genesis with access to additional capital and lending products which will produce more business opportunities that generate wealth.
  • Basis Investment Group is a full-service commercial real estate investment platform investing across the capital stack of stabilized, transitional, and development CRE assets throughout the United States.
  • Genesis Bank is a California state-chartered commercial bank, organized by a group of highly experienced and successful bankers, investors, and business professionals.

Genesis Bank Announces Partnership With Basis Investment Group

Retrieved on: 
Wednesday, April 20, 2022
Professional Services, Small Business, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Founding, Treasury, MDI, JV, Small Business Administration, CA, SBA, Organization, CRE, Minority, FDIC, National Association of Affordable Housing Lenders, State, Freddie Mac, Bank, Equal housing lender, Solution, Investment, MDIS, Industry, Partnership, Business, Financial services, Genesis

Genesis Bank (Genesis or the Bank), announced today that it has entered into a partnership agreement with Basis Investment Group (Basis), a national commercial real estate debt and equity investment platform.

Key Points: 
  • Genesis Bank (Genesis or the Bank), announced today that it has entered into a partnership agreement with Basis Investment Group (Basis), a national commercial real estate debt and equity investment platform.
  • The partnership focuses on providing Genesis with additional access to capital, products, and resources under Basis robust platform.
  • Genesis Bank is a California state chartered commercial bank, organized by a group of highly experienced and successful bankers, investors, and business professionals.
  • Basis Investment Group is a full-service commercial real estate investment platform investing across the capital stack of stabilized, transitional, and development CRE assets throughout the United States.

NMB Financial Corporation/New Millennium Bank Announces Proposal to Acquire Noah Bank and Potential US Treasury ECIP Investment Into NMB Financial Corporation

Retrieved on: 
Thursday, April 14, 2022
Banking, Professional Services, Finance, Board, MDI, Federal, Director, ECIP, COVID-19, Regulation, Organization, Department, Sale, Goal, FDIC, Growth, Treasury, NMB, Prospectus, Company, OTC Markets Group, Department of Treasury and Finance, Communication, Intention, Letter of intent, Letter, WHEN, MDIS, Board of directors, Acquisition, Risk, CDFI, THE, Security (finance), Bank, Noah

NMB is on its way to receive $75.1 million investment through the US Department of Treasurys Emergency Capital Investment Program (ECIP).

Key Points: 
  • NMB is on its way to receive $75.1 million investment through the US Department of Treasurys Emergency Capital Investment Program (ECIP).
  • NMB is one of 186 community development financial institutions (CDFI) and minority depository institutions (MDI) that are eligible to receive $8.7 billion in capital through the ECIP.
  • It is anticipated that the Department of Treasury will be investing $75.1 million in preferred stock of NMB Financial Corporation, with the investment expected to close at the end of May 2022.
  • The investment by the US Department of Treasury is part of the Federal Governments response to the COVID-19 pandemic.

Wells Fargo and Operation HOPE Team Up to Accelerate Financial Inclusion

Retrieved on: 
Tuesday, April 12, 2022
Men, Hispanic, Finance, Consumer, Consulting, Banking, Other Education, Professional Services, Other Philanthropy, Philanthropy, Education, Other Consumer, Foundation, Women, Corporation, Wealth, U.S. Securities and Exchange Commission, Security (finance), Operation HOPE, Inc., CFE, Education, Overdraft, City, Forward-looking statement, Color, HOPE, Multimedia, WFC, CBA, Trust, African Americans, American Banker, Historically black colleges and universities, Advertising, Investment banking, MDI, Small business, HBCU, Annual report, News, Finance, Survivor, Social media, Solution, Capitalism, MDIS, Partnership, Wells Fargo, CEO, Awareness, Twitter, Master, LMI, Operation, Safety, Facebook, Federal Reserve Bank of St. Louis, Fargo, Minority-serving institution, Investment management, Student, NYSE, Instagram, Poverty, Housing, Commercial bank, Tutoring, Risk management, Bank, Management, University

The new HOPE Inside centers will feature Operation HOPE financial coaches who will help empower community members to achieve their financial goals through financial education workshops and free one-on-one coaching.

Key Points: 
  • The new HOPE Inside centers will feature Operation HOPE financial coaches who will help empower community members to achieve their financial goals through financial education workshops and free one-on-one coaching.
  • Working with Operation HOPE is one important way that we can remove barriers to financial inclusion and help empower people with education, resources and tools to manage their money, improve their credit and achieve their financial goals.
  • The Wells Fargo HOPE Inside centers mark a significant step forward in addressing barriers to financial wealth in diverse communities by offering a welcoming space, access to financial coaches, and expanded resources that support the financial goals of individuals with the greatest needs, said John Hope Bryant, Chairman and CEO, Operation HOPE, Inc.
  • The updated community branches will offer spaces for financial health seminars, and individual consultations, such as those offered by Operation HOPE.