Tag Archives: black banks

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Black Banks Shut Out of New Federal Tax Credit Program

Out of $3.5 billion awarded, not a single dollar went to minority institutions

Minority-owned banks are claiming the government has shut them out tax credits intended to spur…

By Carolyn M. Brown

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Chicago’s Oldest Black Bank in Jeopardy

Two black-owned financial institutions left standing, oldest is in need of rescuing

Chicago has two black-owned financial institutions left standing, the oldest is in need of rescuing.

By Carolyn M. Brown

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This Day in History: Frederick Douglass Elected President of Freedman Bank and Trust

Institution established to support economic stability of African Americans after Civil War

Bank was chartered by the U.S. government to guide the economic development of the newly…

By Janell Hazelwood

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Industrial Bank Marks 80th Anniversary With Small Business Grant

Nation's 6th largest, black-owned financial institution to award $80,000

Industrial Bank announced its Small Business Grant initiative in an effort to continue to provide…

By Carolyn M. Brown

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Congressional Black Caucus Foundation to Help Strengthen Black Banks

Five lending institutions to receive $1 million each

The Congressional Black Caucus Foundation, Inc. announced that it will deposit a total of $5…

By Alan Hughes

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THe minority banking scene in Chicago is rapidily declining

Chicago’s Minority Banking Scene is Rapidly Declining

The Chicago black banking scene isn't as robust as it used to be.

An area that was once home to 17 banks could soon be down to 7.

By C. Daniel Baker

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Maggie Lena Walker: The Making Of A Black Bank

America's first woman president of a financial institution founded one of the nation's oldest surviving black-owned banks

Walker became the country’s first woman president of a financial institution and founded one of…

By Gertrude Woodruff Marlowe

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Black Banks and the Bailout

Some worry more regulation may increase costs, competition

Now that Congress has passed the $700 billion Emergency Economic Stabilization Act of 2008, the…

By Cliff Hocker

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Back From the Brink

B.E. Board of Economists member David Swinton leads charge in salvaging black bank

Swinton led a group of investors to purchase some of the assets of Victory Savings…

By Sandra R. Bell

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