Mission Driven Bank Fund Invests in Two Minority Depository Institutions in Second Quarter of 2026

The Mission Driven Bank Fund (MDBF) announced new investments in two minority depository institutions (MDIs) during the second quarter of 2026, marking continued progress in its mission to strengthen community-focused banks. The fund closed investments in Anchor Bank and Icon Business Bank, providing capital intended to support their efforts to serve local communities, particularly low- and moderate-income (LMI) and other underserved populations.

“Completing both our first follow-on investment and a new investment represented a successful quarter for the Fund,” said Paul Welch, portfolio manager of the Fund. “These investments continued the Fund’s objective of strengthening mission-focused banks to expand their community impact.”

MDBF’s investment in Anchor Bank, a Florida-chartered MDI, marks the Fund’s first follow-on investment after initially investing in the bank in 2024. Since MDBF’s first investment, Anchor Bank has grown from approximately $350 million in assets to over $600 million, including a recent expansion into Georgia through its assumption of Community Bank & Trust – West Georgia in May. “Our mission is to provide consumer and commercial banking services through a responsive, relationship-focused banking model,” said Nelson Hinojosa, President and CEO of Anchor Bank. “MDBF’s latest investment will help us continue to grow and execute on our mission of promoting homeownership and supporting local businesses.”

Icon Business Bank, which opened in 2023, is an MDI serving businesses, business owners, families, and individuals throughout Southern California with customized lending and depository solutions. “As a relationship-focused institution, Icon Business Bank is honored to join MDBF’s portfolio of banks committed to expanding financial access and supporting community impact,” said Ernie Hwang, President and CEO of Icon Business Bank. “This investment will support our continued growth and strengthen our ability to deliver customized banking solutions to more businesses and individuals in the markets we serve.”

The latest investments bring the total number of MDBF portfolio banks to 15. Portfolio banks continue to actively participate in the Fund’s technical services program, which provides targeted support to build their organizational capacity. For more information about the fund, visit www.missiondrivenbankfund.org.

The Mission Driven Bank Fund works to foster a stronger, more accessible banking system by investing in and providing technical services to mission-driven banks. Elizabeth Park Capital Management and Calvert Impact are members of the Fund’s general partner, with Strategic Value Bank Partners serving as sub-advisor and Performance Trust as capital advisor and structuring agent. These investments underscore the importance of supporting MDIs that play a critical role in promoting financial inclusion and economic development in underserved communities across Texas and the nation.