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Legal and Illegal, Welcome – Small Banks for Latinos Move Into the Void, Serve a Hungry Market

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Posted on: November 11th, 2007
Filed Under: Banking, Blogante Business, Blogante Headlines, Business, Hispanic News, Top Stories
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“While big financial institutions are flinching at serving illegal immigrants, a wave of new small banks have emerged to serve Hispanics, regardless of their immigration status.

The political debate over illegal immigration has forced some institutions to tread carefully as they tackle the Hispanic market. Bank of America Corp., for one, lost longtime customers and attracted protesters when it launched a credit-card for undocumented immigrants early this year.”*

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