State-by-State Directory of 54 Hispanic American-Owned Banks and Credit Unions

Hispanic American-owned banks, classified as minority depository institutions (MDIs), play a crucial role in addressing economic inequalities by providing financial services to underserved communities. Established primarily in the 1960s to combat discriminatory lending practices and economic exclusion, these banks cater to the specific needs of Hispanic American populations, offering bilingual support and culturally relevant services. Despite a decline in the number of such banks since 2014, the financial assets they hold have increased, demonstrating their growing importance. Currently, there are 54 Hispanic American-owned banks and credit unions across the United States, including notable institutions like Banco Popular de Puerto Rico and International Bank of Commerce. These banks help facilitate access to credit and banking for communities historically marginalized by traditional financial institutions, underscoring their vital economic contribution and support for community development.

State-by-State Directory of 54 Hispanic American-Owned Banks and Credit Unions

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