By Jeff Adolph
LGBT Finance and Banking
Slowly the bank gained customers, however reviews were mixed, and according to reports many within the LGBT community felt that the G & L Bank lacked an understanding of their particular circumstances even though they claimed to be for gays and lesbians. In fact, many customers stated that they believed that the bank and its staff were not gay themselves and seemed unsympathetic to their circumstances. By March of 2002, the G & L Bank closed its doors because its financial backers and owners were not overly happy with the return on their investment. Article Source: Bruene, Jim (1999) G & L Receives its Banking Charter; available online at http://www.netbanker.com/g_l_bank/ and Epinions.com (2001) G & L Internet Bank; available online at http://www.epinions.com/reviews/finc-Financial_Services-Online-Netbanks-G___L_Internet_Bank Image Source: Microsoft Clipart and www.LambdaMortgage.com On October the 11, National Coming Out Day, in 1999, a new gay and lesbian bank opened called the G & L Bank.
Since this bank's closure, to my knowledge, no other gay and lesbian bank has been created, however there are lending services that cater especially to the LGBT community, many of which are gay owned and operated, so that gay individuals and couples who are looking to secure a mortgage can rest assured that they are understood without having to continually explain their situation or circumstances. For example - www.GayMortgageLoans.com and www.LambdaMortgage.comare two gay owned sites that allow gays and lesbians to be pre-qualified for a mortgage, or to refinance, and these sites enable you to connect with gay friendly lenders, so that you can find finance that is gay friendly.
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