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Every time the telephone rings William L. Young gets his hopes up. Because every phone call could deliver the news Young is anxiously awaiting: investors saying they want to buy [...]

In leading a 14-bank syndicate that will provide a $15 million line of credit to CSX Corp., a minority-owned Atlanta bank hopes to capture a larger piece of the railroad [...]

BANKING--The U.S. Treasury Department has awarded $703,415 to the Denver-based Native American Bank (NAB), in what bank officials are calling 'an enormous vote of confidence from the federal government.' The [...]

According to the Federal Reserve Bank, Georgia's minority-owned banks have experienced robust growth in the past five years, outpacing even state and national banks. For example, Capitol City Bank and Trust deposits have grown 218 percent since 1997.

The expense preference theory of managerial behavior is used to examine existing findings that minority-owned banks have lower profitability and higher operating expenses. The investigation focuses on whether there is an association between the expense preference practices of minority bank managers and government deposit programs. The results indicate that minority bank managers act in a manner that is consistent with public policy objectives, rather than practice traditional forms of expense preference.

Doing more business with minority-owned banks and updating his office's computer systems are the two changes that Maryland's Richard N. Dixon has made in his role as state treasurer. Dixon, [...]

When Bowles Contracting Inc. defaulted on two major loans earlier this year, officials at North Milwaukee State Bank must have felt like Sisyphus preparing yet again to push the boulder [...]

Money-raising to begin for black-controlled bank The United Bank of Philadelphia (in organization) received charter approval from the Pennsylvania Department of Banking Sept. 20, clearing the way for organizers of [...]

Split board, bad loans undo Emerald City Emerald City Bank may have been doomed from the start. Two reasons: The black-controlled Seattle bank inherited a passel of bad loans, and [...]

Banks and thrifts owned by women or members of minority groups generally outpaced the industry in earnings growth last year, according to a new report, but profits fell at black-owned [...]

The nation's largest private employer could soon be banking with some of the country's smallest banks. Wal-Mart Stores Inc., with $104.8 billion in annual sales and 700,000 U.S. employees, has [...]

Barry Sanders is used to dodging tackles, but now the Detroit Lions rusher wants to tackle banking. In what has become a common occurrence among professional athletes, Mr. Sanders-along with [...]

A survey of savings and loan associations revealed that minority-owned thrifts outperformed the rest, and ended up with a 26% rise in assets in 1995. Thrifts and federal savings banks owned by hispanic-Americans, Asian-Americans, and African-Americans were included in the survey. none of these firms was undercapitalized, and 57% had the highest possible Camel rating of one., Though assets fell last year at federally chartered thrifts, the minority- owned companies among them racked up a 26% rise. The minority thrifts ended the year with $5.9 billion of [...]

Some banks are increasing profits by marketing products and services such as mortgages, credit cards and mutual funds to the Hispanic American market. Hispanic-owned banks and thrift institutions reported a 38% increase in assets between 1990 and 1994.

The Democratic National Convention Committee, which oversees the Democratic National Convention to be held in Chicago in August, recently announced that it will invest a portion of its money ($1.5 [...]

Falcon National Bank, Laredo, TX, became the highest-performing minority bank in the US with its 1993 return on investment of 3.05% of assets. After receiving orders from the Comptroller of the Currency to improve its community lending, the bank obtained capital from several Hispanic investors and revised its loan standards. The widespread bank failures in Texas gave Falcon an opportunity to expand in the residential mortgage market., Committed investors and some shrewd thinking have enabled Falcon National Bank to survive a disastrous debut, gather its wits, anud emerge as last year's top-performing minority bank. In 1990, almost [...]

Jesse H. Turner Jr., the newly elected chairman of the National Bankers Association, said several developments are hitting his membership especially hard. The group, which represents 62 primarily urban, minority-owned [...]

The New York-based Teachers Insurance and Annuity Association/College Retirement Equities Fund (TIAA/CREF) and Chicago-based Drexel National Bank have established a Minority Banking Program designed to stimulate the economic development of [...]

While all banks and thrifts are facing difficulties today that exceed any witnessed since the Great Depression, minority-owned banks appear to have even rougher now to hoe. A basic problem [...]

Hall foundation considers adding capital to Douglass The Hall Family Foundations is considering infusing capital into Douglass Bank, as the only minority-owned bank in the Kansas City area struggles to [...]

Continental Bank shareholders take it on chin Shareholders will be out about $1.25 million when the Federal Deposit Insurance Corp. closes the books on the Continental National Bank of Kentucky [...]