Why Black-led Banks Are Key to Driving Racial Equity
Over the past month, racial equity has been a key part of our national dialogue as we observed the one-year anniversary of George Floyd’s death,...
Tag : black banks
$14.2 Million Renovation in Store For Iconic Seaway Bank in Chicago
Formerly part of Chicago's largest Black bank, Seaway Bank is getting a facelift thanks to a $14.2 million renovation of Seaway's historic headquarters....
Wells Fargo to Invest $50 Million in 6 Black-Owned Banks
Wells Fargo, the multinational financial services company, has announced investments in six Black Minority Depository Institutions (MSIs)....
OneUnited Bank, The Largest Black Bank In The Nation, Has More than 100,000 Customers
OneUnited, the largest Black bank in the U.S., has announced it recently achieved a milestone of more than 100,000 customers....
Killer Mike Teams Up With Andrew Young and Ryan Glove to Open A Digital Bank
Rapper Killer Mike, civil rights advocate Andrew Young, and entrepreneur Ryan Glove are establishing a Black-owned bank in honor of Black Wall Street. ...
Unity National Bank Partners With Bank of America To Stregthen Its Support To The Community
Unity National Bank of Houston, the only Black-owned bank in Texas, has announced Bank of America has acquired approximately 5% of its common equity....
Bank of America Allocates $300 Million Towards Racial Equality Effort, Black Businesses and Black Banks
Black businesses and Black banks will get a hefty share of funds tied to Bank of America's massive pledge to advance racial equality and economic opportunity....
Biotech Company Depositing $10 Million Into OneUnited Bank In Economic Empowerment Move
Boston-based global technology company Biogen is depositing $10 million into Black-owned bank OneUnited Bank as part of its commitment to diversity...
Black Bank Receives $50 Million in Deposit Funding from PayPal’s Economic Opportunity Fund
Optus Bank in South Carolina will receive $50 million to expand its business in the community as a recipient of PayPal's economic opportunity fund. ...
Black Banks Merge To Create Nation’s First Black-Led Bank With Over $1 Billion In Assets
Los Angeles-based Broadway Federal Bank and Washington, D.C.-based City First Bank, two Black banks, merge to form country’s largest Black bank...