ECIP for MDI and CDFI Banks – How ECIP Works and Whether Your Bank Should Participate

ECIP for MDI and CDFI Banks – How ECIP Works and Whether Your Bank Should Participate

Wednesday, April 7, 2021
12:00–12:45 pm CT
1:00–1:45 pm ET

Treasury launched the Emergency Capital Investment Program (“ECIP”) on March 4, 2021. Under the ECIP, Treasury will provide up to $9 billion in capital directly to depository institutions that are certified CDFIs or MDIs to, among other things, provide loans, grants, and forbearance for small businesses, minority-owned businesses, and consumers, especially in low-income and underserved communities, that may be disproportionately impacted by the economic effects of the COVID-19 pandemic. This webinar will provide a high level summary of the ECIP, as well as a discussion of the factors banks should consider in deciding to participate in the ECIP before the May 7, 2021 application deadline.

Speaker: Jacque Kruppa, Counsel, Hunton Andrews Kurth

Questions? Please contact Jacque Kruppa at jkruppa@HuntonAK.com.