FDIC and OCC Host ‘Partnering with CDFIs and Financial Institutions to Meet the Capital and Credit Needs of BIPOC Small Businesses’ in Texas (2024)

FDIC and OCC Host ‘Partnering with CDFIs and Financial Institutions to Meet the Capital and Credit Needs of BIPOC Small Businesses’ in Texas (1)

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FDIC and OCC Host ‘Partnering with CDFIs and Financial Institutions to Meet the Capital and Credit Needs of BIPOC Small Businesses’ in Texas (2)

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FDIC and OCC Host ‘Partnering with CDFIs and Financial Institutions to Meet the Capital and Credit Needs of BIPOC Small Businesses’ in Texas (3)

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Event Date

- (10am - 12pm EDT)

Location

Webinar, MS Teams, registration information below.

The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) will host a webinar highlighting capital and credit resources, programs, and products from Community Development Financial Institutions (CDFIs) and banks that serve Black, Indigenous, and People of Color (BIPOC) small businesses. The event will promote access to capital and credit for BIPOC small businesses through community development lending, investments and services. The event will explore community development opportunities and discuss structures that could support increasing the flow of capital to this market segment. Examiners will discuss how banks can obtain favorable Community Reinvestment Act (CRA) consideration while engaging in these activities.

Presenters:

  • Raquel Valdez Sanchez, Chief Operating Officer, Business & Community Lenders of Texas
  • Kindra Sheridan, CRCM | CRA Manager, CrossFirst Bank
  • Victor Elmore, President & CEO, Texas Mezzanine Fund
  • Gustavo Lasala, President & CEO, PeopleFund
  • Scarlett Duplechain, District Community Affairs Officer, OCC
  • Angela Shoemaker, National Bank Examiner, OCC
  • Matthew Zamora, Supervisory Examiner, FDIC
  • Linda Gabriel, Community Affairs Specialist, FDIC

Who should attend:

Financial institutions, CDFIs, non-profit organizations and community-based organizations, state and local government and other stakeholders interested in capital and credit resources, programs, and products from CDFIs and banks that serve BIPOC small businesses.

Registration Information:

Event has past, registration is now closed.

Contact Information:

If you have any questions about the event, please email Linda Gabriel at lgabriel@fdic.gov.

Additional Resources:

Tag(s)

Community Affairs

Last Updated: August 5, 2024

FDIC and OCC Host ‘Partnering with CDFIs and Financial Institutions to Meet the Capital and Credit Needs of BIPOC Small Businesses’ in Texas (2024)

FAQs

Who does the FDIC protect and regulate banks and affiliates? ›

In addition to its role as insurer, the FDIC is the primary federal regulator of federally insured state-chartered banks that are not members of the Federal Reserve System. The FDIC carries out its mission through three major programs: insurance, supervision, and receivership management.

What two government agencies are responsible for insuring bank and credit union deposits? ›

State Banks

The Federal Deposit Insurance Corporation supervises state-chartered banks that are not members of the Federal Reserve System and State-chartered savings associations. The FDIC also insures deposits in banks and savings associations in the event of bank failure.

Do banks compete with credit unions finance companies investment banks insurance companies and many other financial services providers? ›

Banks compete with credit unions, financing companies, investment banks, insurance companies and many other financial services providers. While some claim that banks are becoming obsolete, banks still serve vital economic goals.

What is a financial organization that accepts deposits from and makes loans to members from a company or government agency? ›

Bank: A financial institution and business that accepts deposits, makes loans, and handles other financial transactions.

What is the difference between the FDIC and the OCC? ›

The FDIC is the primary federal regulator for state-chartered banks that are not members of the Federal Reserve System. The Office of the Comptroller of the Currency (OCC) is the primary federal regulator for all national banks.

What is the OCC responsible for? ›

The OCC ensures that national banks and federal savings associations operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations.

Is FDIC a government agency? ›

About the FDIC. The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system.

Who is the governing body of the FDIC? ›

The Board of Directors of the FDIC manages operations to fulfill the agency's mission. Each member of the five-person Board is appointed by the President and confirmed by the Senate.

Are banks and credit unions regulated by the FDIC? ›

​Banks, Credit Unions and Savings Institutions operate under federal or state charters. Their deposits, up to $250,000, are insured by one of two federal agencies: the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA).

What are the four types of financial institutions? ›

The most common types of financial institutions include banks, credit unions, insurance companies, and investment companies. These entities offer various products and services for individual and commercial clients, such as deposits, loans, investments, and currency exchange.

What types of financial institutions do not accept deposits? ›

Some financial institutions provide certain banking services but do not accept deposits. These nondepository financial institutions include insurance companies, pension funds, brokerage firms, and finance companies.

What are financial institutions that accept deposits from individuals and provide loans called? ›

Explanation: Depository financial institutions are defined as the institutions that accept deposits from customers or provide loans to customers. The facility in which money is deposited for security or storage and an institution that accepts deposits in currency such as commercial banks are referred to as depository.

Who did the FDIC protect? ›

FDIC deposit insurance protects your money in deposit accounts at FDIC-insured banks in the event of a bank failure. Since the FDIC was founded in 1933, no depositor has lost a penny of FDIC-insured funds.

Does the FDIC regulate third parties? ›

In addition to safety and soundness examinations, the FDIC compliance examinations evaluate the quality and effectiveness of an institution's compliance risk management program as it pertains to third-party arrangements, and reviews these operations to ensure that the products, services, and activities of a third party ...

Who regulates banks in the United states? ›

The OCC charters, regulates, and supervises all national banks and federal savings associations as well as federal branches and agencies of foreign banks.

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