Under the Community Reinvestment Act (CRA), partnerships between minority- and majority-owned banks can prove beneficial for all parties. Here’s how two banks came together to leverage each other’s resources and get CRA credit in the process.

The Community Reinvestment Act was designed to stop redlining, the impact of which is still felt in metro areas today. We look at the past and current CRA, including upcoming revisions from regulators.

Black-owned community banks have a long history of serving Americans historically left out of the mainstream banking system. Many well-established community banks continue this legacy today, but one troubling trend has emerged in the past two decades.

ICBA has a long-standing commitment to Minority Depository Institutions and Community Development Financial Institutions. They play a crucial role in providing credit, capital and financial services to low- to moderate-income and minority communities.

With minority depository institutions continuing to serve a crucial role, their decrease from a high of 215 in 2008 to less than 150 today is a significant concern.