We don’t know yet. But it doesn’t look good. The Boston Globe reports:
OneUnited has encountered financial problems even though it received [$12 million in] government aid under the TARP program. It has failed to make five straight dividend payments on the government infusion after delivering the first installment of nearly $94,000 in February 2009. The bank has said that because it is still struggling financially, it has put those funds toward lending and other business. Skipping payments is permissible if an institution can’t afford to pay them. But the federal government has the right to name two of the bank’s nine directors if it misses a sixth payment.