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Hilton Garden Inn 235 West Capitol Street, Jackson, MS 39201 |
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| Agenda | |
| 7:30 a.m. | Registration and continental breakfast |
| 8:30 | Welcome Will Lambe, Senior Adviser, Federal Reserve Bank of Atlanta Donna Gambrell, Visiting Scholar, Federal Reserve Bank of Atlanta |
| 8:40 |
Surveying the Landscape: Demographic and Economic Trends in the Southeast Recent estimates from the U.S. Census suggest that migration to metropolitan areas in the Southeast could substantially increase for the remainder of the decade. According to the Brookings Institution, this is one of several positive signs of growth for the region. However, parts of the Southeast continue to experience high poverty rates, which have a cascading effect on communities. The U.S. Department of Agriculture's Economic Research Service notes that the vast majority of nonmetropolitan "persistently poor counties" are located in our region. How do these dynamics affect opportunities for CDFI banks seeking to attract new customers and serve distressed markets? Moderator: Ann Carpenter, Adviser, Community and Economic Development, Federal Reserve Bank of Atlanta Panelists:
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| 9:30 | Profile of the CDFI Banking Sector What are the unique characteristics of CDFI banks, and southern CDFI banks specifically? Where are their primary investments? How do CDFI banks serving rural markets differ from those operating in urban centers? This presentation will offer a profile of the sector, including the diversity of CDFI banks in the region, the communities they serve, and the strengths they bring to the CDFI industry. Greg Bischak, Program Manager, Financial Strategies and Research, CDFI Fund, U.S. Department of Treasury |
| 9:45 | Break |
| 10:00 |
What Does It Mean to Be a CDFI? CDFI banks are important financial institutions, serving communities across our region. By committing themselves to community and economic development, CDFI banks target markets that have been overlooked by traditional financial institutions. In this session, three speakers will offer perspectives on the role that CDFI banks play in 1) identifying the needs of economically disadvantaged individuals within a community and 2) investing in distressed markets by providing products and services that meet local needs. Introductory Remarks: William Bynum, Chief Executive Officer, Hope Enterprise Corporation and Hope Credit Union Speakers:
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| 10:45 |
CDFI Banks: Priorities for 2017 and Beyond During the recession, CDFI banks continued lending and investing in underserved communities, despite unprecedented economic and regulatory challenges. Studies show that CDFI banks had virtually the same level of performance as mainstream financial institutions, even though CDFIs serve what some consider "higher-risk" low-income markets. What are the major challenges and top priorities for CDFI banks going forward? Three leaders of the CDFI industry will offer their perspectives on legislative and public policy priorities, capitalization strategies, data and technology issues, and other topics affecting CDFI banks. Moderator: Robert W. Mooney, Former National Director, Federal Deposit Insurance Corporation, Minority Depository Institutions and Community Development Banking Panelists:
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| 11:30 | Lunch Remarks: Michael Johnson, Executive Vice President, Bank Supervision and Regulation, Federal Reserve Bank of Atlanta |
| 12:45 p.m. |
Business Strategies for the Future From 2009 to 2014, the CDFI banking sector grew by over 75 percent, with the addition of more than 47 financial institutions. On the surface, this seems to be a positive development because newly certified banks tend to have healthy balance sheets. According to a 2011 report by the Federal Reserve Bank of Chicago, however, weaker regional economies prevail in a number of places served by new CDFI banks, which can affect their earnings and capital. In light of this changing landscape, how are CDFI banks creating new or refining current business models to ensure they are meeting both mission and margin? Three industry leaders discuss the strategies they're implementing to take their institutions to the next level. Moderator: Huey Townsend, Chairman of the Board, Guaranty Bank and Trust Company Panelists:
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| 1:45 |
Partnerships for Capital and Impact For a CDFI bank in the Southeast seeking to increase capital or in search of additional funding to support community revitalization, finding the appropriate resources and the right partners can be challenging. This session focuses on several programs and collaborations that CDFI banks should consider as they strive to meet the needs of low-income populations and communities. Moderator: Arthur Fleming, Senior Vice President and Director, Community Investment Services, Federal Home Loan Bank Atlanta Panelists:
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| 2:45 | Preparing for the Regulatory Horizon The CDFI banking sector is emerging from the disruptions of the recent financial crisis, yet social, economic, and regulatory challenges remain. CDFI banks continue to try to fill the breach left by mainstream financial institutions. What are the future challenges and regulatory concerns? How can CDFI banks and regulators work together to address these concerns? Max Yates, Senior Executive Vice President and Chief Risk Officer, BankPlus, will conduct a one-on-one interview with Sylvia H. Plunkett, Senior Deputy Director, Division of Compliance and Consumer Protection, Federal Deposit Insurance Corporation |
| 3:30 | Closing
Remarks and Next Steps Donna Gambrell, Visiting Scholar, Federal Reserve Bank of Atlanta Will Lambe, Senior Adviser, Federal Reserve Bank of Atlanta |
| 3:45 | Adjournment |
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