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Economic Commentary

Minority-Owned Banks: History and Trends

The minority banking industry, which experienced significant growth during the 1970s, remained strong through the 1980s, with a 71-percent increase in total assets between 1983 and 1989. But hidden in that figure is a dynamic process of growth and change resulting not only from minority banks’ efforts to adjust to deregulation, adverse macroeconomic conditions, and increased competition—factors with which all U.S. banks must deal—but also from their efforts to deal with the specific environmental factors and risks that they alone face.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Price, Douglas A. 1990. “Minority-Owned Banks: History and Trends.” Federal Reserve Bank of Cleveland, Economic Commentary 7/1/1990.