Minority Deposit Institution, (or, Mission Driven Institution)

Rafael Sanchez, "Chief Impact Officer" of Old National Bank in Indianapolis, is working to open a "Minority Deposit Institution" in Indianapolis, at two locations, by the first quarter of 2026. This work is from a man who has served on more than 35 boards, profit and non profit, including groups assisting minorities. MDIs are explained, and we learn about his background having been born in Puerto Rico.