Hispanics own 55 banks and credit unions nationwide, but none yet in Oregon. The only state on the West Coast to make the list was California, where five financial institutions are owned by Hispanics. New Jersey has two, and Florida has eight financial institutions owned by Hispanics.

Oregon’s record of high taxes, heavy regulations, and high labor costs make it difficult for the creation of a new financial bank. In reality, many banks are closing in Oregon. Both US Bank and Wells Fargo recently closed dozens of branches each in Oregon.