The World

Since the financial crisis began in 2008, hundreds of banks have folded and federal regulators have become more cautious about the banks they approve to go into business. Hartie Spence is the President and CEO of Lakeside Bank in Lake Charles, La. He explains how Lakeside Bank became the only truly new bank to open this year.

Help keep The World going strong!

The article you just read is free because dedicated readers and listeners like you chose to support our nonprofit newsroom. Our team works tirelessly to ensure you hear the latest in international, human-centered reporting every weekday. But our work would not be possible without you. We need your help.

Make a gift today to help us reach our $25,000 goal and keep The World going strong. Every gift will get us one step closer.