CHICAGO - This city's first Hispanic-owned bank is expected to receive its charter today and open next week.

Pan American Bank is set to serve the Pilsen and Little Village neighborhoods southwest of downtown, home to about 300,000 Hispanics - mainly of Mexican, Puerto Rican, and Central American origin. Similar ventures have been attempted over the years, but organizers had trouble raising capital.

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.