45 Great Moments in Black Business – No. 42: Black Insurers Write New Life Policies
Black insurers also represented financial pillars of their communities through employment, business financing and philanthropic support.
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First Independence’s Sweet Song of Growth
For more than three decades, Donald Davis played the six string, performing on an array of hits for the old Motown and Stax record labels. In fact, his guitar can be heard on Motown’s first hit single, “Money (That’s What I Want).†Some 50 years later, the 71-year-old Davis—now chairman and CEO of Detroit-based First Independence Bank (No. 15 on the be banks list with $161.1 million in assets)—has discovered a bold new beat. The three-time Grammy winner is banking on declining real estate values to be the bridge to greater profitability for his financial institution.
Remembering Arthur G. Gaston: A Titan’s First Step
The grandson of slaves, born into poverty in 1892 in the Deep South, Arthur George Gaston died at the age of 103 with a fortune worth well over $130 million...
Operating In Rough Waters
For the captains who helmed America’s largest black-owned businesses, managing those businesses in 2002 was like navigating a vessel in an unmerciful storm. Their companies were rocked by crashing waves...
Arthur G. Gaston: A Titan’s First Step
How an unknown coal miner from Birmingham, Alabama, became the 20th century's preeminent entreprenuer.