Regulators close minority-owned Legacy Bank in WI

[LucasD]

Regulators close minority-owned Legacy Bank
Bank started in 1999 by three African-American women

By Paul Gores of the Journal Sentinel

Legacy Bank, which opened 12 years ago with a goal of providing more financial services to Milwaukee's central city, failed Friday and was closed by state regulators.

*snip*

Legacy Bank opened its doors in the summer of 1999 after three African-American women - Deloris Sims, Margaret J. Henningsen and Shirley J. Lanier - worked to raise $5 million in start-up capital. Among the bigger investors was Firstar Bank, as a $1 million contributor.

http://www.jsonline.com/business/117833403.html

Check out the comments. Repukes whining about this small bank making loans to people who were unable to repay. "My taxes had to bail them out!!!"

I love the slap back at them when a poster points out that their taxes also went to bail out the BIG banks, but they never bitched about that.

[joneschick]

1. the comments are just embarassing for Wisconsin.

c'mon, we can be better than that!
how the fuck do they cheer when a business closes? (still don't get it)