OneUnited: Black-Owned Bank Wants to Grow

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The second-largest black-owned bank in the country wants to put a new branch in your neighborhood, or something like that. OneUnited Bank, based in Boston, cut the ribbon on its first new branch -- ever -- yesterday, and its CEO, Kevin Cohee, said he has as much as $100 million to spend on opening more branches as time goes on.

Before this year, Cohee had a different strategy: instead of building branches, he just bought other banks. In the meantime he started an online banking operation, too. It'll be interesting to see how the new strategy plays out.

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