Citizens Bank of Edmond in Oklahoma has been designated as a minority depository institution (MDI) by the Treasury Department.
The announcement was made on LinkedIn by Jill Castilla, the $375 million-asset bank’s CEO.
“This program further enhances deposit options [and] our long-term growth and relevancy,” she said in the post.
Citizens’ biggest shareholder is its employee stock ownership program, which lead to the bank qualifying as a women-owned bank and MDI.