Minority-Owned Banks and Their Primary Local Market Areas

Robin G. Newberger and Maude Toussaint-Comeau

Economic Perspectives, 2017, issue 4, 1-31

Abstract: In this article, we analyze the experience and performance of MDIs in their primary local service areas in recent periods, including before, during, and after the 2008 financial crisis. We provide a review of the sector, highlighting key policies and initiatives pertaining to and affecting these institutions, and provide a brief review of previous research. We document trends in the sector, including: 1) the characteristics of the locations where MDIs tend to do business; 2) the changing landscape of MDIs in terms of openings, closings, and mergers by ethnic ownership; and 3) the performance of MDIs as measured by selected financial ratios, including loan quality, operating income, and funding sources. We present these trends over time, comparing MDIs with nonminority-owned (non-MDI) community banks.

Keywords: African-American; community banks; financial crisis; minority-owned banks (search for similar items in EconPapers)
Date: 2017
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