AT first glance Raleigh, N.C., may not seem like a logical place to open a Latino-oriented bank. After all, Raleigh is not a city like Los Angeles, for instance, where more than 47 percent of the population is Hispanic.
But David Flores, a former senior vice president at Chase Manhattan Bank, looked at the skyrocketing Hispanic population in North Carolina — from 1990 to 2006, it rose to 593,385 from a mere 76,726 — and saw a business opportunity.
3 comments:
Nice article. Really makes you think about how many opportunities are out there to make money. Although not so sure Aristole would be happy to learn that in the 21st century people are still using money to make money. haha. Can't really blame the creator of this bank though, really good idea and it helps the hispanic community out.
that's true, I wouldn't imagine a bank like that to come in north carolina out of all places. However, I do think that having a bank like that is helpful not only to the hispanic community but to any other immigrant/ minority community living in the area. Kudos to the bank!
I think its a great idea to make a hispanic oriented bank since it allows ease at transactions as well as the fact that its a great idea to tap into an untapped resource, like the video in class about texting from phone to phone to send money. Innovative and possibly lucrative business idea.
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