The Democratic National Convention Committee deposited a total of $1.5 million in three community banks and thrifts here, hoping to spur loans to people who'd do business with the convention.

Seaway National Bank, Second Federal Savings and Loan, and Community Bank of Lawndale - all in minority markets - each got $500,000 last week in from the convention committee. The money will be on deposit for about six months.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.