Browsing: Minority depository institutions

ABA Banking Journal Podcast

First Independence Bank was founded 50 years ago to help rebuild Detroit’s economy in the wake of damaging urban violence. Today, in a new era of economic hardship due to the coronavirus pandemic, and protests and unrest in response to incidents of racial injustice, minority depository institutions continue to have a unique role in serving distressed communities.

Newsbytes

The House Financial Services Committee today unanimously approved two ABA-supported bills intended to address the decline in minority depository institutions and create opportunities for community development financial institutions.

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