Word: linyard
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Dates: during 1970-1979
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...Gateway National Bank of St. Louis fail, while the national average loss rate for all banks is .5%. Ghetto bankers accept those risks as inevitable if they are to do their job, but they also have difficulty building a corps of experienced middle managers and attracting capital. Richard Linyard, director of the Seaway National Bank of Chicago, wore three hats until he could find a qualified cashier and controller. Some help on the second problem is coming from white bankers: the American Bankers Association has set up a closed-end investment corporation that has raised $4.5 million in just over...
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