MD Banking Department

Maryland Access to Banking Act - LMI Investment Programs

The Maryland Office of Financial Regulation (OFR) publishes information about the Maryland Access to Banking Act, signed May 8, 2023, which promotes financial services in low-to-moderate income (LMI) communities. The Act establishes assessment credits for Maryland state-chartered banks and credit unions operating branches in LMI areas and creates the Maryland Community Investment Venture (MCIV) Fund with up to $2.5M in initial equity capital. The OFR also announces the next Advisory Board meeting scheduled for March 17, 2026.

Maryland Licensing Workgroup Meeting Notice - April 17, 2026

The Maryland Office of Financial Regulation announces the next meeting of the Maryland Licensing Workgroup on April 17, 2026 at 1:00 p.m. The Workgroup, established by House Bill 1516 effective April 22, 2025, evaluates the state's financial services licensing and registration framework. Meeting materials from November 2025 through March 2026 are available on the department website.