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Five Questions for Joseph Haskins Jr., head of Harbor Bank
Five Questions for Joseph Haskins Jr., head of Harbor Bank

In a time of widespread consolidation and a shrinking number of minority-owned banks, the institution Joseph Haskins Jr. helped found 33 years ago is becoming rarer. Amid more stringent federal oversight, many community banks are finding it more expensive to operate and are selling themselves to larger banks. Haskins says Harbor Bank, the Baltimore-based institution where he serves as chairman, president and CEO, has to be "very strategic" to offset the increased costs. The Federal Reserve counts just 23 African-American owned banks in the country, down from 40 in 2003. Harbor Bank, with $233 million in assets, is one of them. Two other minority-owned banks in Baltimore...

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