Capital will expand Grand.bank’s ability to serve customers nationwide

CLEVELAND, OH, June 03, 2025 /24-7PressRelease/ — The Mission Driven Bank Fund (MDBF) today announced an investment in GBS Financial Inc., the bank holding company for Grand Bank for Savings, FSB, also known as Grand.bank, a Minority-Depository Institution promoting affordable homeownership. From its base in Hattiesburg, Miss., Grand.bank provides innovative financial products to communities nationwide.

“Our mission is to enhance the financial well-being of more than one million members of underserved and historically underrepresented communities by 2030, and the financial and technical services support of the Mission Driven Bank Fund will help us reach that goal,” said Chris Sawyer, president and CEO of Grand.bank.*

Paul Welch, portfolio manager of the Fund, added “Grand.bank’s commitment that everyone deserves access to financial opportunities is directly aligned with the Fund’s mission. We are pleased that our investment will support Grand.bank as it looks to provide affordable and innovative financial solutions across the United States.”

The investment marks the 10th deployment for MDBF. The Fund is raising capital through June 2025, and will continue to invest in and provide technical services to mission-aligned banks for years to come.

About The Mission Driven Bank Fund
The Mission Driven Bank Fund seeks to foster a stronger and more inclusive banking system by investing capital and providing technical services to FDIC-insured CDFI and MDI banks that target African American, Native American, Asian, Hispanic, and Pacific Islander communities. The Fund’s mission is to drive significant growth and financial resiliency in the mission-driven bank sector that translates into demonstrated progress in closing the racial wealth gap. Elizabeth Park Capital Management, a specialist firm investing in U.S. banks, and Calvert Impact, a leading impact investing firm, are the Fund’s general partner. Strategic Value Bank Partners is a subadvisor, and Performance Trust is a capital advisor and structuring agent for the Fund. For more information, visit https://www.missiondrivenbankfund.org .

About Grand Bank for Savings, FSB
Grand Bank for Savings, FSB (Grand.bank) is a Minority Depository Institution and federal savings bank based in Hattiesburg, Mississippi that serves customers nationwide. Chartered in 1968, the bank is dedicated to breaking the cycles of harmful debt, fostering savings growth, promoting homeownership, and empowering individuals and families to build generational wealth. For more information, visit https://grand.bank

* The above endorsement (the “Endorsement”) was given by a person other than a current client or investor. It is the Mission Driven Financial Institutions Fund, L.P.’s (“MDBF”) knowledge and belief, no additional compensation is being provided or received in connection with such Endorsement, nor is MDBF aware of any conflicts of interest associated with such Endorsement.

This press release does not constitute an offering of interests in the Fund, which will be made only to qualified investors pursuant to the Fund’s offering documents. Nothing contained in this press release should be relied upon as a promise or representation as to the future performance of the Fund. No representation or warranty is made as to the accuracy of statements, estimates, targets, and/or projections herein, nor as to the ultimate success of the Fund or the external conditions and circumstances under which the Fund will operate. Prospective investors must not rely upon any matters in this release. The activities undertaken by the Fund may differ from those described above due to unexpected external circumstances or otherwise. Moreover, past performance is not a guarantee of future performance.

Certain statements made in this release are “forward looking statements.” These forward-looking statements are not predictions of future performance, conditions or results, and are inherently uncertain and subject to numerous risks, many of which are outside the Fund’s and its advisors’ control. There is no obligation to update or revise any such forward-looking statements.

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