City Council’s Anger Over Cash Management Direction Underscores Difficulty Of Getting New Bank In Underserved Areas
By Matt Hunger • Jan 24th, 2012 • Category: Blog, News, PoliticsWhen Bank of America shuttered their MLK Hub branch 18-months ago, citing the hard bottom-line realities of operating a branch with a low amount of deposits, residents in the area were left in what has been described as a “banking desert.” The problem presented a significant hurdle for the community, one with a sizable senior [...]

