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Federal Reserve Bank of Chicago
Profitwise
Capital-raising among minority-owned banks before and after the financial crisis
Robin G. Newberger
Abstract

The financial crisis and recession of 2008-2010 made the availability of capital a significant area of concern for community banks, and led many of these institutions to seek out sources to rebuild their equity.1 The need for capital may have been even greater for some minority-owned financial institutions. Minority-owned depositories are a small subset of financial institutions, most of which are also community banks, reflecting either black, Hispanic, Asian, or Native American ownership, or majority minority board members and a mission to serve minority populations. Regulators have long supported the existence of minority-owned institutions as a way to promote the economic viability of minority and underserved communities.


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Robin G. Newberger, "Capital-raising among minority-owned banks before and after the financial crisis" , Federal Reserve Bank of Chicago, Profitwise, issue 4, pages 1-13, 2018.
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Keywords: Community banks; financial crisis; minority-owned banks
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