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municipal deposits

City council members hearing testimony on LEO

Testimony of Horacio Mendez at 2022 City Council Finance Committee Lending Equity Ordinance hearing on municipal depositories

CEO Horacio Mendez joined Neighborhood Housing Services of Chicago President Anthony Simpkins in presenting analysis of lending in communities by banks seeking to hold city deposits.

December 10, 2022 at 6:26 pm read more
Block Club Chicago logo

Block Club Chicago: Chicago’s Last Black-Owned Bank Got Millions in Government Deposits – Then Had to Give Them Back

As Black-owned banks disappear, politicians are under increasing pressure to save them. Big deposits are a ready solution, but sometimes they burden the banks more than they help.

January 3, 2022 at 11:18 am read more
Chicago City Council Chambers (wikimedia pic)

Testimony of Horacio Mendez at City Council Finance Committee Lending Equity Ordinance hearing on municipal depositories-2021

We think it would be worth exploring the creation of a program where a city agency that’s not involved in the procurement process itself, or one or more non-profits under contract with the City, could provide technical assistance to...

December 9, 2021 at 9:39 am read more
WBEZ logo square

WBEZ: Banks Snub Chicago Aldermen On Equitable Mortgage Lending

Chicago city council members who wanted to question banks on their weak lending records in Chicago’s Black and Latino neighborhoods were disappointed Friday when banks skipped out on a hearing called by the Housing and Real Estate Committee.

February 28, 2021 at 1:21 pm read more
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