Who holds the MDI designation
The FDIC records minority status for each insured institution. In the institution data refreshed on 23 October 2026, 156 active banks carry a Minority Depository Institution status. 117 qualify through minority ownership and 39 because a majority of the board is from a minority group and the bank serves a minority community.
| Minority group | MDIs |
|---|---|
| Asian or Pacific Islander American | 72 |
| Hispanic American | 29 |
| Black or African American | 24 |
| Native American or Native Alaskan American | 20 |
| Multi-racial American | 11 |
Size: a few large banks and many small ones
The 156 MDIs hold about $403 billion in total assets as of 30 June 2026, but most of that sits in a handful of institutions. East West Bank ($84 billion), Banco Popular de Puerto Rico ($63 billion), Cathay Bank ($25 billion), FirstBank Puerto Rico ($19 billion) and Bank of Hope ($19 billion) are board-majority or owned MDIs of national scale. The median MDI has about $476 million in assets, and only 46 exceed $1 billion. The 24 African American MDIs range from about $17 million to $1.6 billion in assets; United Bank of Philadelphia reports $48 million.
Geography
California has the most MDIs (38), 34 of them Asian American owned or board-led and most headquartered in Los Angeles and the San Gabriel Valley. Texas (24), Oklahoma (13), New York (12), Georgia and Florida (8 each) follow. In Oklahoma, 10 of the 13 MDIs are Native American owned.
Using the designation
Minority status is a field in the FDIC institution record, alongside the certificate number, charter class and primary regulator. Because ownership and boards change, the status should be confirmed against the current FDIC record at the time a deposit or partnership decision is made.