cirm at ari.net
03-31-1999, 11:30 AM
From: Minority Finance and Investment <cirm@ari.net>
Subject: Black banks in the News
Minority Finance and Investment - http://www.creativeinvest.com
In an attempt to create a multi-state African-American bank of
considerable size, the Boston Bank of Commerce has proposed merging with
Carver Bancorp Inc., the country's largest African-American financial
institution. Carver has rejected the offer, however. We still think
Carver's stock is a BUY.
For more information:
http://www.minoritybank.com/carver1.html
Banking regulators closed South Carolina's only minority-owned bank.
Deposits were sold to a group of African-American investors.
The bank, Victory State Bank, is a $14 million-asset, one-office
institution in Columbia, SC. The bank was founded in 1921. Problems at the
bank included, according to the FDIC, "excessive insider compensation" and
bad loans. The new bank will be called South Carolina Community Bank.
For more information:
http://www.minoritybank.com
This post transferred from the cdb-l mailing list
Subject: Black banks in the News
Minority Finance and Investment - http://www.creativeinvest.com
In an attempt to create a multi-state African-American bank of
considerable size, the Boston Bank of Commerce has proposed merging with
Carver Bancorp Inc., the country's largest African-American financial
institution. Carver has rejected the offer, however. We still think
Carver's stock is a BUY.
For more information:
http://www.minoritybank.com/carver1.html
Banking regulators closed South Carolina's only minority-owned bank.
Deposits were sold to a group of African-American investors.
The bank, Victory State Bank, is a $14 million-asset, one-office
institution in Columbia, SC. The bank was founded in 1921. Problems at the
bank included, according to the FDIC, "excessive insider compensation" and
bad loans. The new bank will be called South Carolina Community Bank.
For more information:
http://www.minoritybank.com
This post transferred from the cdb-l mailing list