This chapter of the podcast explores the importance of Minority Depository Institutions (MDIs) in providing banking services to historically underserved minority communities. The speakers discuss the perception of black and brown customers as risky by traditional banks and highlight the success of MDIs in relationship banking and mortgage lending. They also discuss the challenges faced by regional banks and the need for partnerships to help minority banks compete in the changing technological landscape.
Kristy Fercho, Head of Diverse Segments, Representation and Inclusion at Wells Fargo and T.D. Jakes, Chairman of the T.D. Jakes Group, discuss the goals on building inclusive communities, disruptive thinking and investment banking. Ruth Jacks, Head of Diverse Segments for Commercial Banking at Wells Fargo and Wole Coaxum, Founder & CEO of Mobility Capital Finance, talk about embracing technology and innovation as strategic business imperatives. Jon Weiss, CEO of Wells Fargo Corporate & Investment Banking and Danielle Squires, Head of Diverse Segments for CIB, discuss expectations of the Wells Fargo 2023 Black Business Leaders Summit. Nicole Elam, President & CEO of National Bankers Association and Todd McDonald, President of Liberty Bank, talk about Minority Depository Institutions: Capitalizing on Evolving Market Opportunities. Mark Romig, Senior Vice President and Chief Marketing Officer at New Orleans & Company, shares his thoughts on visiting the Big Easy. George Young, Partner and Portfolio Manager at Villere and Co, breaks down the markets and investing.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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