Partnership for Progress

Partnership for Progress is a Federal Reserve System program aimed at supporting minority-owned and de novo banking institutions to thrive in a competitive environment. The program provides resources and guidance for banks in various stages of development, focusing on new institutions, those up to five years old, and mature establishments looking t... o enhance growth safely. Its mission aligns with the Federal Reserve's commitment to a stable, accessible banking system that promotes consumer protection and competition. The initiative includes tools and resources to assist minority depository institutions and community development financial institutions in navigating regulatory challenges and achieving operational goals.Read More