Go to the mobile version of this Web site.

Login | Contact Us | Site Map | Paid archives | Alerts | Electronic edition | Advertise | Subscribe to the paper | Today's Extras
Subscribe

DNC panel gives $2M toward minority loans

Wednesday, August 8, 2007

Story Tools

The Democratic National Convention Committee said it has deposited $2 million in Denver-based Native American Bank.

The deposit will allow the bank to provide additional loans in minority communities and continue to do business with minority-owned business enterprises, the committee said.

Native American Bank, owned by 26 federally-recognized Indian tribes, had $74.7 million in deposits March 31, according to reports to banking regulators.

The Democratic National Convention Committee says it has made a practice of depositing a portion of its federal grant funds in minority and woman-owned banks in the city where the Democratic National Convention is being held. The funds will be held in a non-interest bearing account and remain with Native American Bank until being withdrawn in one lump sum several months before the convention.

Post your comment

Registration is required. Click here to create your free user account, or login below.

Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.




(Forgotten your password?)




News Tip

Know about something we should be reporting? Tell us about it.


Reprints