Brian Sullivan from the FDIC talks about the impact of minority banks, featuring a couple of guests from theses banks.
Explaining the impact briefly according to Nicole Elam of the National Bankers Association, she said that minority banks have that presence or being there. "The second thing that is being done is established relationships. I think that's really what separates our institutions from other institutions is that they have these deep, longstanding relationships in the communities."
Listen to their podcast or read through the transcript in the link posted below and follow TCFS & Associates to stay updated with compliance topics and releases.
https://www.fdic.gov/news/podcasts/transcripts/inclusion-podcast-ep3.pdf