Banking Development Districts

Section 96-d of the Banking Law, entitled 'Banking Development Districts' is designed to encourage the establishment of bank branches in those areas where there is a demonstrated need for banking services. An aim of BDD’s is to enhance access by consumers, who may have no banking relationship, to become part of the financial mainstream and to promote local economic development. It is further anticipated that the establishment of a bank branch will provide a foundation to stimulate the local economy by enhancing access to capital for local businesses.

• Testimonies from Public Hearings on BDD Program
• Enriched BDD Program Highlights
• Banking Development District Factsheet
• How to apply for a BDD: Banking Development District Application Kit
• Part 8 of the General Regulations of the Banking Board
• Banking law Section 96-d and related statutes
• Speeches and Press Releases
• Banking Development District ("BDD") applications that have been approved