FDIC Names Four Bankers to Minority Depository Institutions Subcommittee

WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today announced four new members of the agency's Minority Depository Institutions (MDI) Subcommittee to the Advisory Committee on Community Banking:

• John Tom Anderson, President and CEO, F&M Bank, Edmond, Oklahoma
• John Lewis, President and CEO, The Harbor Bank of Maryland, Baltimore, Maryland
• Alfonso Macedo, President & CEO, Ocean Bank, Miami, Florida
• Arturo (Art) Ortega, Chairman and CEO, Freedom Bank, Alamo, Texas

On May 1, 2024, the MDI Subcommittee will meet to share insights into key challenges and opportunities facing minority financial institutions and the communities they serve. The meeting will also spotlight an innovative partnership that is improving healthcare access in a Native American community. The FDIC's MDI Subcommitteeserves as a resource to the FDIC and informs the agency's strategies to fulfill its statutory goals for MDIs. The subcommittee also provides a platform for MDIs to collaborate, build partnerships and to showcase the work of MDIs in their communities.

The new members join the following members on the MDI Subcommittee:

• Claude (Jeff) J. Bowman, President and CEO, Bay Bank, Green Bay, Wisconsin
• Warren Huang, General Counsel, Amerasia Bank, Flushing, New York
• Russell Lau, Chairman and CEO, Finance Factors, Ltd., Honolulu, Hawaii
• B. Doyle Mitchell, President and CEO, Industrial Bank, Washington, District of Columbia
• Farid Tan, President and CEO, Metro City Bank, Doraville, Georgia

View the webcast of the public portion of the MDI Subcommittee meeting at 1:00 p.m. EDT on May 1, 2024. The open portion of this meeting will be available on-demand approximately two weeks after the event. View archived meetings here.