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Banks Owned by Hispanics, Latinx Persons

Data on banks owned by Hispanic and Latino persons in the United States. Hispanic bank stocks. Data from our sources and from the Minority Bank Deposit Program – Bureau of the Fiscal Service, Minority Depository Institutions Program – FDIC.

Many of the Hispanic American-owned banks and credit unions on our list are located in Texas, Florida, California, and Puerto Rico. These are some of the largest minority-owned financial institutions in the US, with one Hispanic bank, Banco Popular, holding $58 billion in assets (only Asian-owned East-West Bank, with $62 billion, is bigger).

The first Hispanic American-owned banks in the mainland US were established in the 1900s. These financial institutions were created as most minority-owned institutions are: to provide services to low-income and minority communities, in this case, Latinx and Hispanic American communities. Historically, these communities “have been affected by discriminatory lending practices like redlining and experienced limited economic opportunities to build wealth.

NAMECITYSTEST.ASSETS
(mil $)
APOLLO BANKMIAMIFL20011001 $1,067,194
BANCO POPULAR DE PUERTO RICOSAN JUANPR19990102 $58,561,000
BANESCO USACORAL GABLESFL20060110 $2,417,106
BANK OF GRAND LAKEGROVEOK20050609 $253,384
BANK OF SOUTH TEXASMCALLENTX19860708 $142,453
CENTINEL BANK OF TAOSTAOSNM19690301 $401,950
CITIZENS STATE BANKROMATX19780515 $86,339
COMMERCE BANKLAREDOTX19820331 $655,099
COMMERCIAL BANK OF CALIFORNIAIRVINECA20030515 $1,972,180
COMMUNITY 1ST BANK LAS VEGASLAS VEGASNM19491123 $168,633
COMMUNITY COMMERCE BANKCLAREMONTCA19761001 $316,372
FALCON INTERNATIONAL BANKLAREDOTX19861210 $1,909,284
FIRSTBANK PUERTO RICOSANTURCEPR19490117 $19,920,592
FREEDOM BANKALAMOTX19580712 $104,128
INTERAMERICAN BANK, A FSB MIAMIFL19760823 $273,648
INTERNATIONAL BANK OF COMMERCEBROWNSVILLETX19841009 $3,903,297
INTERNATIONAL BANK OF COMMERCELAREDOTX19660902 $9,305,445
INTERNATIONAL BANK OF COMMERCEZAPATATX19840206 $480,004
INTERNATIONAL FINANCE BANKMIAMIFL19831130 $949,328
Lone Star National BankPharrTX $2,875,725
LONE STAR NATIONAL BANKPHARRTX19830124 $3,031,684
OCEAN BANKMIAMIFL19821209 $5,367,008
ORIENTAL BANKSAN JUANPR19650325 $10,147,522
PLUS INTERNATIONAL BANKMIAMIFL20010914 $78,752
PONCE BANKBRONXNY19600331 $1,593,769
POPULAR BANKNEW YORKNY19990102 $10,579,042
RIO BANKMCALLENTX19850211 $771,421
SUNSTATE BANKMIAMIFL19990315 $512,230
Texas National BankMercedesTX $725,369
TEXAS NATIONAL BANKMERCEDESTX19201126 $675,388
U. S. CENTURY BANKDORALFL20021028 $1,967,252
UNITED BANK OF EL PASO DEL NORTEEL PASOTX20010501 $320,780
ZAPATA NATIONAL BANKZAPATATX19611116 $93,255
Source: FDIC Minority Depository Institutions List

“The FDIC’s Statement of Policy Regarding Minority Depository Institutions (MDIs) outlines two definitions of how FDIC-insured commercial banks and savings associations may qualify for MDI status. An MDI may be a federal insured depository institution for which (1) 51 percent or more of the voting stock is owned by minority individuals; or (2) a majority of the board of directors is minority and the community that the institution serves is predominantly minority. Ownership must be by U.S. citizens or permanent legal U.S. residents to be counted in determining minority ownership.

The FDIC maintains a list and tracks the insured MDIs it supervises, i.e., state-chartered institutions that are not members of the Federal Reserve System (Federal Reserve), as well as MDIs that are supervised by the Office of the Comptroller of the Currency (OCC) and the Federal Reserve. The FDIC takes this broad approach given its role in considering applications for deposit insurance and in resolving institutions in the event an MDI were to fail, regardless of the institution’s charter. The FDIC’s published list of FDIC-insured minority depository institutions does not include women-owned or women-managed institutions because they are not included in the statutory definition.”