The Vanishing Community Banks
After years of financial deterioration and severe undercapitalization, regulators closed Kentland Federal Savings & Loan, the nation’s smallest bank. That failure was followed by the closure of $73 million asset Small Business Bank, highlighting the ongoing decline of our nation’s…
FDIC-Insured Minority Depository Institutions, Helping Their Communities Prosper
Since the beginning (250 years ago), the United States has seen banks come and go. It was not until the late 1800s, however, that marginalized minority communities began pooling their money together to open their own banks. Today we celebrate Maggie…