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Immigrant Families Lose Savings in Uninsured Bank Collapse
Washington residents including Jose Ruano face devastating losses as Latin Investment Corp abruptly closes. About 3,500 depositors claim $13 million in savings, averaging over $3,700 each, with many families risking home purchases and debts. Community groups and volunteer lawyers assist victims amid an economy downturn and unclear reasons for the shutdown.
MENTIONED IN THIS ARTICLE
Washington
Jose Ruano
el Salvador
Ruano
Elaine Grant
Wilson International Center
Adolfo Torres
Wilson Cen
Ter
Latin Investment Corp
Brian Leitch
Leitch
Joseph Lopes
Office of Banking and Financial Institutions
D.C
Lopes