![](https://www.investopedia.com/thmb/e_5MCmrJTbrsXuejHrb7AbVg-Cc=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1292887082-d0ec0023e1d14c0fb3483e984eb00a81.jpg)
Women-Owned Banks in the US
On March 5, 2021, the Board of Directors of the Federal Reserve System announced that the system would be expanding its definition of minority depository institutions (MDIs) to include women-owned financial institutions. Although women make up a …