The full explanation
An institution also counts as an MDI if most of its board of directors is minority and the community it serves is mostly minority. The FDIC runs a program to support these institutions.
An example
Ana wants to open an account at a bank that knows her community. She asks whether the bank in her neighborhood is a minority depository institution (MDI) and confirms that its deposits are federally insured.
In numbers: minority depository institution
Minority depository institutions (MDIs): how many each state has, by the state of their main office, from the FDIC's list.
- National total
- 14 banks
| State | Figure |
|---|---|
| Texas | 6 banks |
| Georgia | 0 banks |
| Minnesota | 0 banks |
| Oregon | 0 banks |
| Wyoming | 0 banks |
If you look for "minority depository institution", Texas has 6 banks; Wyoming, 0 banks; the whole country, 14 banks.
Sources: Hispanic American owned minority depository institutions (FDIC) (As of November 6, 2026)
You will see it in…
- The FDIC's pages on minority depository institutions
- What a bank publishes about its owners and the community it serves
