OneUnited Bank Snapshot
The largest African-American owned and run bank in the US, OneUnited Bank was formed by the 2001 merger of Boston Bank of Commerce, Founders National Bank of Los Angeles, and People's National Bank of Commerce in Miami. With the acquisition of Los Angeles' Family Savings Bank the following year, OneUnited Bank now operates about 10 offices that serve urban communities in California, Massachusetts, and Florida, providing such services as checking and savings accounts and personal and business loans. Since 2003, it has financed more than $500 million in loans, with about half that amount devoted to the development of low- to moderate-income communities.
