The announced merger between Optus Financial, M&F Bancorp marks one of the most significant developments in minority banking in decades. Announced on July 22, 2026, the transaction exceeds $105 million. It will create the largest Black-owned bank in the United States. The bank will have approximately $1.27 billion in assets, subject to regulatory and shareholder […]
Tag: minority bank assets
Minority Bank Assets, by Group, 2001-2021
The chart above shows minority bank assets by ethnic group, by year from 2001 to 2021. It details Hispanic bank assets falling relative to Asian bank assets starting in 2005. The chart above shows minority bank assets as a percentage of 100% by year from 2001 to 2021. It shows a decline in Hispanic bank […]
Mid-Year 2022 Minority Bank and Thrift Review
The number of minority banks in the US held steady at between 168 and 174 in the second quarter of 2022. Asian owned banks, concentrated in California, hold 51% of assets, with 77 institutions., Hispanic banks, concentrated in Florida and Texas, number 33 institutions and hold 42% of assets, followed by Women-owned banks (17 institutions […]