City Survey: Greater Los Angeles
Greater Los Angeles is one of the most diverse and economically unequal regions in the country. Fortunately, it is also home to a wide range of community banks and credit unions committed to expanding access to capital through affordable housing, small business lending, and community development. Explore some of the best Better Banking Options serving Los Angeles and Orange County.
Why You Should Be Banking With Gateway Bank, FSB
Gateway Bank is a small, community-focused bank headquartered in Oakland’s Chinatown that serves immigrant and low-income communities throughout the Bay Area. With a strong focus on housing lending and local investment, it stands out as one of the best Better Banking Options in Northern California.
City Survey: Chicago
Chicago’s banking landscape reflects both the city’s diversity and its history of segregation. From Black-owned banks on the South Side to community-focused institutions serving immigrant neighborhoods, these Better Banking Options are helping expand access to housing, small business lending, and community development throughout the city.
Why You Should Be Banking With Abacus Federal Savings Bank
Abacus Federal Savings Bank is a Minority Depository Institution serving Chinese immigrant communities through community-focused banking, housing loans, and small business lending. With branches across New York, New Jersey, and Pennsylvania, it offers a local alternative to large national banks.
Why You Should Be Banking With American Metro Bank
American Metro Bank is a Chicago-based Minority Depository Institution (MDI) serving immigrant and low-income communities through housing loans, small business lending, and bilingual banking services. With branches in low-income neighborhoods including Chinatown, the bank offers a community-focused alternative to large national banks.
Why Minority Depository Institutions (MDIs) Are Essential for Reducing the Racial Wealth Gap
Minority Depository Institutions (MDIs) play a critical role in expanding financial access and economic opportunity in historically underserved communities. From combating the legacy of redlining to supporting Black, Latino, Asian American, and Native American communities through housing and small business lending, MDIs help direct capital into neighborhoods that traditional banking institutions have long neglected.