Full Citation

Title: Minority-Owned Banks and Bank Failures After the Financial Collapse

Citation Type: Journal Article

Publication Year: 2017

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Abstract: Minority-owned banks (MOBs) are small banks, which often serve disadvantaged communities of color, and failed at high rates after the financial collapse. The U.S. Census and FDIC data are used to analyse bank failures for 20092014, with predictors from 2008, using logistic regression for estimation. Failure rates were high among Black and Asian Americanowned banks; these are related to bank failures in African American communities and concentration in commercial real estate lending; policy responses to the collapse were generally ineffective for small banks. We conclude that policy support for MOBs operating in disadvantaged communities of color is warranted.

Url: http://onlinelibrary.wiley.com/doi/10.1111/ecno.12068/full

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Authors: Kashian, Russell; Drago, Robert

Periodical (Full): Economic Notes

Issue: 1

Volume: 46

Pages: 5-35

Data Collections: IPUMS USA

Topics: Labor Force and Occupational Structure, Other, Race and Ethnicity

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