In a December 2009 FDIC study of 685 banks only 18% had established new branches in low-income areas. In other words, providing banks in underserved minority communities was not a priority for 82% of the major banking corporations.
In 2009 only 1 out of 5 banks opened new branches in underserved minority communities
By Team Afro on Thu, 09/23/2010 - 13:42
source:
FDIC National Survey of Unbanked and Underbanked Households Dec 2009








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