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Standards for Financial Management Systems

Minority-Owned Banks

Consistent with the national goal of expanding the opportunities for women-owned and minority-owned business enterprises, recipients shall be encouraged to use women-owned and minority-owned banks (a bank which is owned at least 50 percent by women or minority group members). For more information see Title 2 CFR Part 215.22 (j) [PDF - 172 Kb].

A list of minority-owned banks may be obtained from the following agency:

Minority Business Development Agency
U.S. Department of Commerce
Washington, DC 20230