Hispanic-Led Bank Now Open in Fairfax, Virginia

Posted on: May 19th, 2006
Filed Under: [ Business ] [ Hispanic News ]
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“Security One Bank, formed by local Hispanic business leaders, held its grand opening yesterday in the Baileys Crossroads area of Fairfax County with the goal of capturing the region’s fastest-growing ethnic market.

The bank is the first Hispanic-led U.S. bank to open in the Washington area. “What we are doing is bringing the community banking model to the Baileys Crossroads area, which has the greatest concentration of Hispanics in the region and yet is dominated by national banking chains,” President Carl E. Dodson said. He said 65 percent of Hispanics have bank accounts, compared with 95 percent of non-Hispanics.”

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