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Advantages of owning a minority owned bank- Robin Trehan
The opportunities for investors in minority banking organizations are wide open in the current market environment. I agree with the changing demographics and the potential for affinity bank relationships. Like many traditional banks, minority banks are seeking additional capital to position themselves for growth. Several are located in metropolitan areas with expanding customer bases for both deposits and banking services. Basic banking services may include direct competition for pay-day lenders and check cashers through the use of debit cards, providing good fee income at reduced rates to the consumer while helping meet the bank's reach into the community. We are currently pursuing a strategy to help re-capitalize a minority bank and would welcome participation from like-minded investors. Please contact me should you have any interest in pursuing further discussions.
Sep 22, 2010. 11:51 AM
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