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Stock impact report

State Street Announces Next Round of Deposits to Minority Depository Institutions and Community Development Financial Institutions [Yahoo! Finance]

State Street Corporation (STT) 
Last state street corporation earnings: 4/17 07:38 am Check Earnings Report
US:NYSE Investor Relations: investors.statestreet.com
Company Research Source: Yahoo! Finance
BOSTON, June 11, 2024 BUSINESS WIRE )--State Street Corporation (NYSE: STT) today announced that it has made deposits with three mission-driven minority depository institutions (MDIs) including Carver State Bank, Citizens Trust Bank and Ponce Bank The deposits are part of the firm's $100 million program to provide low-cost, stable deposit funding to minority depository institutions (MDIs) and Community Development Financial Institutions (CDFIs) that launched earlier this year. "Our partnership strategy with MDI/CDFIs is designed to help foster economic empowerment in the communities being served by contributing to efforts that create more capacity across our partners' service model," said Yvette Hollingsworth Clark, chief compliance officer for State Street. "We are honored to be working with each of our partners to help unlock opportunities for those who have been historically underserved and help expand a more inclusive and equitable financial ecosystem." This program continu Show less Read more
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