Study reports banks scarce in some Bronx areas

A new report shows some of the lower-income Bronx areas do not have access to banking institutions.U.S. Rep. Anthony Weiner (D-Brooklyn) says banks are obligated

THE BRONX - A new report shows some of the lower-income Bronx areas do not have access to banking institutions.

U.S. Rep. Anthony Weiner (D-Brooklyn) says banks are obligated to open services to all areas they serve. Some residents say that isn?t necessarily happening in their area.

?All we have around here are ATM machines and stores, supermarkets and that's like another $1.50, $2 in some places, just to use your ATM card,? Schel Chisholm, of Soundview, says.

The study also says 24 banks have been added to the Bronx over the last six years, while 168 have been added to Manhattan.

Bronx residents say they hope the study brings attention to the problem and that more banks will be added to areas like Soundview.

advertisement | advertise on News 12

Trending Video

News 12 hit the streets to find out 1 Word on the Street: Favorite U.S President
Police say Keith Wright was escorted out of 2 Bronx bishop faces assault charge
Surveillance video shows the man placing a $50 3 Man robbed while paying for meal at Burger King
Police have released a video that shows a 4 Video shows suspects beat food delivery worker inside Bronx building
Police have released a video that shows a 5 Video shows delivery man beat, robbed inside Bronx building

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE