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.


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.

Retail and Marketing

Swings in the economy, changes in consumer financial habits, and unrelenting competition—all financial institutions face such tests. But some, like Carver Federal Savings Bank, have their origins in challenge.

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