AUB Gets Minority Designation

Americas United Bank in Glendale has been designated a minority depository institution by the FDIC. The bank, which focuses on the Hispanic community, has also been certified as a minority financial institution for 2007 by the Department of Treasury, Financial Management Service. The FDIC designation requires that 51 percent or more of the voting stock in the bank be owned by minority individuals or that the majority of the bank’s directors are members of minority groups and the community served must be predominantly minority.