WASHINGTON — The Office of the Comptroller of the Currency is easing regulations on minority-owned banks in order to help them raise capital.

Comptroller of the Currency Thomas Curry said Tuesday that minority-owned banks would be allowed under certain circumstances to continue raising capital even if the share of minority ownership fell below 51%. In order to qualify, the revised policy says banks must continue to serve the credit and economic needs of the community in which they are chartered and that the community is predominantly minority.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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