Hispanic Banks

(mil $)
BAC Florida Bank CORAL GABLES FL1973-10-12 $2,290,914
Banco Popular de Puerto Rico SAN JUAN PR1999-01-02 $51,823,000
Banco Santander Puerto Rico SAN JUAN PR1972-10-02 $5,990,637
Banesco USA CORAL GABLES FL2006-01-10 $2,022,397
Bank of Grand Lake GROVE OK2005-06-09 $211,888
Bank of South Texas MCALLEN TX1986-07-08 $145,171
Centinel Bank of Taos TAOS NM1969-03-01 $323,536
Citizens State Bank ROMA TX1978-05-15 $93,477
Commerce Bank LAREDO TX1982-03-31 $550,037
Commercial Bank of California IRVINE CA2003-05-15 $1,427,144
Community 1st Bank Las VegasLAS VEGASNM1949-11-23 $156,971
Community Commerce Bank CLAREMONT CA1976-10-01 $324,045
Executive National Bank MIAMI FL1972-06-07 $522,356
Falcon International Bank LAREDO TX1986-12-10 $1,478,163
FirstBank Puerto Rico SANTURCE PR1949-01-17 $14,082,757
Freedom Bank FREER TX1958-07-12 $62,149
Greater State Bank MCALLEN TX1974-01-01 $102,025
Interamerican Bank, A FSB MIAMI FL1976-08-23 $216,932
International Bank of Commerce ZAPATA TX1984-02-06 $433,570
International Bank of Commerce BROWNSVILLE TX1984-10-09 $1,251,748
International Bank of Commerce LAREDO TX1966-09-02 $9,782,505
International Finance Bank MIAMI FL1983-11-30 $805,309
Lone Star National Bank PHARR TX1983-01-24 $2,570,571
Ocean Bank MIAMI FL1982-12-09 $4,572,255
Oriental Bank SAN JUAN PR1965-03-25 $9,893,751
Plus International Bank MIAMI FL2001-09-14 $62,421
Ponce Bank BRONX NY1960-03-31 $1,216,693
Popular Bank NEW YORK NY1999-01-02 $10,594,223
Rio Bank MCALLEN TX1985-02-11 $653,249
Sunstate Bank MIAMI FL1999-03-15 $514,864
Texas National Bank MERCEDES TX1920-11-26 $420,551
U. S. Century Bank DORAL FL2002-10-28 $1,432,126
United Bank of El Paso del Norte EL PASO TX2001-05-01 $301,868
Zapata National Bank ZAPATA TX1961-11-16 $88,046
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.”