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Bill aims to help minority-owned banks

Thursday, September 24, 2020   (0 Comments)
Posted by: Amanda Averch
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Minority-owned banks with less than $10 billion in assets would be allowed to take high-interest brokered deposits or investments if a bill proposed by Sen. Doug Jones, D-Ala., is adopted. Jones said the change would spark investment in minority-owned banks that face obstacles to raising capital.

Full Story: Alabama Political Reporter (9/23) 

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