Group plans Washington bank with Ethiopian-American focus
Marathon International Bank would target the Ethiopian community with specific advertising and educational programs. ... Read full article
News Topic: Under-served populations
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Pioneering minority-run bank looks to turn the corner
Carver Bancorp, which has spent 70 years serving minorities in Harlem and surrounding neighborhoods, is struggling to turn a profit. As black-run banks nationwide struggle to stay afloat, Carver's CEO insists the institution is on the right track. ... Read full article
Former Banc of California chief resurfaces with new financial firm
Capital Corps, led by Steven Sugarman, aims to provide financing to homeowners and small businesses that it believes are overlooked by banks. The firm features several former Banc of California executives. ... Read full article
Acquisitive Iberiabank in La. creates $6.7B community investment plan
The company, which recently bought Sabadell United in Miami, is pledging to make billions of dollars in mortgages and small business loans in low- and moderate-income communities. ... Read full article
Vocal community group protesting PacWest-CU Bancorp deal
The California Reinvestment Coalition is pressing regulators to reject the $700 million bank merger unless PacWest commits more resources to underserved groups in Southern California. ... Read full article