OneUnited Bank got $12 million from the US bank bailout fund.
(Pat Greenhouse/ Globe Staff/ File 2007)
Black-owned bank has few urban loans
OneUnited sought aid as community 'beacon'
OneUnited Bank got $12 million from the US bank bailout fund.
(Pat Greenhouse/ Globe Staff/ File 2007)
Calling itself and other minority-owned banks a "rare beacon of hope" in their neighborhoods, OneUnited Bank of Boston last fall made an emotional plea to the US Treasury for help with millions of dollars in soured investments. (Full article: 1852 words)
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