Standard Federal Bank
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Abstract The Detroit Committee for Responsible Banking (DCRB) grew out of awareness that banks in Detroit were under-funding city development while frequently supporting development in suburban areas. The DCRB was formed by James M. Edwards and Patrick J. Murray, both Detroit lawyers, and backed by an advisory board of community members. Initially, they focused their efforts on one bank – Comerica – and later went after Standard Federal, National Bank of Detroit, Manufacturers Bank, First of America,...