Five Minority-Owned Banks You Should Know About

Alvin Kang, the CEO of BBCN, has created the nation's biggest Korean-American bank. Here are five noteworthy examples of banks where minorities own more than 51% of outstanding shares…

Cathay Bank, Los Angeles Cathay Bank, Los Angeles

The $10.6 billion-asset bank is the only Asian-American bank larger than BBCN. Some industry experts have pegged Cathay as a target for Chinese banks interested in U.S. expansion. (Image: Shutterstock)

International Bank of Commerce, Laredo, Texas International Bank of Commerce, Laredo, Texas

The bank is the largest Hispanic-owned bank in the continental United States, at $10.1 billion in assets. Its parent company, led by Dennis Nixon, recently exited the Troubled Asset Relief Program.

Carver Federal Savings Bank, New York Carver Federal Savings Bank, New York

Carver remains the nation's biggest African-American owned bank, with $638 million in assets. Led by Deborah Wright, the bank is poised to return to profitability.

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Sunflower Bank, Salina, Kan. Sunflower Bank, Salina, Kan.

Family owned, Sunflower is listed by the Office of the Comptroller of the Currency as a women-owned bank. The $1.7 billion-asset bank was founded in 1892. (Image: Thinkstock)

Lumbee Guaranty Bank, Pembroke, N.C. Lumbee Guaranty Bank, Pembroke, N.C.

Incorporated in 1971, Lumbee Guaranty was the nation's first Native American owned bank. The FDIC still lists the $325 million-asset bank as the nation's biggest bank owned by Native Americans. (Image: Shutterstock)

Alvin Kang, the CEO of BBCN, has created the nation’s biggest Korean-American bank. Here are five noteworthy examples of banks where minorities own more than 51% of outstanding shares.

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