According to the US Treasury, "Among the most recent banks to receive Treasury funding was Legacy Bancorp of Milwaukee, Wisconsin, a CDFI founded by African-American women and one of the fastest growing community banks in the nation. CDFIs such as Legacy provide vital credit and financial services to low-income areas that are often unavailable from commercial banks." Our list of minority banks getting TARP Capital now includes:
Cathay General Bancorp $258
Center Financial Corp $55
East West Bancorp Inc $306
Pacific City Financial Corp. $16
Saigon National $2
UCBH Holdings Inc $299
Broadway Financial Corp. $9
Carver Bancorp, Inc $19
OneUnited Bank $12
Legacy Bancorp, Inc. $5
First Bancorp $400
International Bancshares Corp $216
Popular Inc $935
Grand Total $2,532 billion
Funding to all banks $195,330 billion
as of 2/3/09
To date, no native American or Women-owned banks have received TARP Funding.
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