Sunday, September 03, 2006

A Bank Survives Katrina. Now, the Hard Part. - New York Times

A Bank Survives Katrina. Now, the Hard Part. - New York Times:
"Alden J. McDonald Jr., the chief executive of this institution, which was the country’s third-largest black-owned bank until Hurricane Katrina and floodwaters roared through New Orleans one year ago.

Mr. McDonald and his staff count themselves among the fortunate, despite the general state of disrepair inside and outside their building. While their neighborhood wants for many basic amenities, including mail delivery and phone service, their company is one of the few enterprises back in business in the vast northeastern quadrant of New Orleans. And in a city where an estimated two in three businesses remain shuttered, Liberty is not only open but also turning a profit."

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