Partnership for ProgressA Program for Minority-Owned and De Novo Institutions
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The Board of Governors of the Federal Reserve System is proud to offer the Partnership for Progress, a new program for minority-owned institutions (MOIs) and de novo institutions (de novos). Under the leadership of the Federal Reserve Bank of Philadelphia, a nationwide workgroup has developed the program with the following goals:
- To provide guidance to MOIs and de novos
- To address issues that might inhibit the financial and operating performance of MOIs and de novos
- To offer a network of outreach, technical assistance, relationship building, director training, and enhance the supervisory awareness of unique institution challenges
- To ensure a safe, sound, and accessible banking system aligned with Federal Reserve System objectives
Visit the Partnership for Progress website, www.fedpartnership.gov, for more information about the program.
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