Bank of America announced 10 completed equity investments in MDIs and CDFI banks
The FINANCIAL — On June 2, Bank of America made a $1 billion, four-year commitment to advance racial equality and economic opportunity, of which $50 million is dedicated to support minority depository institutions (MDIs) and community development financial institution (CDFI) banks. As part of that commitment, today the company is announcing it has now completed 10 equity investments in these institutions,
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