ACT Deposit Program hits $100M milestone, supporting community banks.

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The ACT Deposit Program reached an important milestone today—$100 million in deposits helping mission-driven community banks meet the needs of low-income and minority communities. Launched by the Community Development Bankers Association and National Bankers Association during the summer of 2024, the ACT Deposit Program channels vital funding to CDFI and MDI banks while also making all deposits eligible for FDIC insurance at network banks. https://ow.ly/jtcb50WALv9

5 Comments

Steve Casares

American & Arizonan 🌵/ Combat Veteran, Afghanistan / West Point Graduate / Scottsdale Veterans Advisory Commission

Hi Diane! Glad to see you are doing great things! Keep it up!

Kiran Pandya

Congrats! 🎉 Great to be part of this feat

Kathy O’Neill

President, St. Louis Market for CommunityAmerica Credit Union| Retired Federal Reserve Bank of St. Louis | Board Member | Kellogg School of Management | St. Louis

Congrats Darrin! Love to see your positive impact on the community!

Andy Pohlman

Managing Director at IntraFi

A fantastic program that directly impacts underserved communities across the U.S. And a significant milestone of $100 Million in funding, dollars that will make a real difference.

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