Why this bank is taking on clients other institutions deem too risky | American Banker

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Neighborhood National Bank courts clients that other banks deem too risky.

The San Diego bank is tiny (it has assets of just $56 million) but it has a bold strategy of serving immigrants to Southern California and mom-and-pop retailers — clients that frequently raise red flags tied to the Bank Secrecy Act and anti-money-laundering laws.

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