"The Mission Driven Bank Fund, anchored by Microsoft and Truist, announces its first close of over $110 million. The more than 300 FDIC-insured Minority Depository Institutions and Community Development Financial Institution banks across the country are essential to expand access to financial services in unbanked and underbanked communities. The Fund will support MDIs and CDFIs through investments across assets, liabilities, equity, and off-balance sheet vehicles and offer technical services across strategic and operational areas. The Fund seeks to close the racial wealth and income gap by expanding financial access, creating a more inclusive banking system, and promoting bank resiliency for enduring change."