Black-owned banks Archives - Black Enterprise

President and COO of OneUnited Bank, Teri Williams, Talks COVID-19 Relief For Black-Owned Businesses

Dana GivensJune 5, 2020June 5, 2020

by Dana GivensJune 5, 2020June 5, 202016134

President and COO of OneUnited Bank, Teri Williams, talks with Black Enterprise about working with black-owned businesses to offer COVID-19 relief....

Money

Congress Reviews Solutions to Solve the Black Bank Crisis

Jeffrey McKinneyOctober 30, 2019November 1, 2019

by Jeffrey McKinneyOctober 30, 2019November 1, 2019897

The House Financial Services Committee, which oversees the nation's massive financial services industry, is now working to save America's last black banks....

Money

Looking Back at the History of America’s Black Banks, Even as They Strive For Vitality

Jeffrey McKinneyAugust 30, 2019

by Jeffrey McKinneyAugust 30, 20195779

In their prime, black banks across the country were a financial shelter for their customers but today the number of black banks is collapsing...

Lifestyle Money

Activists to NFL: ‘Deposit Funds Into Black-Owned Banks’

Samara LynnSeptember 24, 2018October 17, 2018

by Samara LynnSeptember 24, 2018October 17, 2018286

The Seattle Medium is reporting that activists in Seattle are calling for the NFL and Seatte Seahawks owner Paul Allen, to deposit 10 percent of...

Money

Why ISF Bank, the Last Black-Owned Bank in Illinois, Is Changing Its Name

Adedamola AgboolaJune 5, 2018June 5, 2018

by Adedamola AgboolaJune 5, 2018June 5, 20181797

In efforts to expand across the United States and beyond, the owners of Illinois Service Federal Savings & Loan Association (ISF Bank) will change its...

Money

President of Largest Black-Owned Bank: Boomers Can Learn Economic Optimism from Millennials

Selena HillApril 25, 2018April 25, 2018

by Selena HillApril 25, 2018April 25, 20182570

As president and owner of OneUnited Bank, the largest black-owned bank in America, I have the opportunity to speak about financial literacy with many black...

Money

How Black Lives Matter Powered The #BankBlack Movement

Adedamola AgboolaApril 11, 2018April 10, 2018

by Adedamola AgboolaApril 11, 2018April 10, 20181637

Texas' only black-owned bank just opened its first out-of-state branch in Atlanta. A few years ago, many of these banks were in the dangers of...

Entrepreneurship

Two Millennials Help Modernize a Historic Black-Owned Bank

Samara LynnNovember 2, 2017April 10, 2018

by Samara LynnNovember 2, 2017April 10, 2018805

Twenty-six is typically not the age when someone is appointed to a bank’s advisory board. However, black-owned Mechanics and Farmers (M&F) Bank bucked tradition and appointed...

Money

Why the Bank Black Movement Is Essential to Small Businesses

Selena HillMay 19, 2017April 10, 2018

by Selena HillMay 19, 2017April 10, 2018545

At the 2017 Entrepreneurs Summit, a panel of bank owners and professionals discussed the #BankBlack wave and how black banks support entrepreneurs of color...

BE Lists

BE 100s: 2016 Report on the Nation’s Largest Black Businesses

Kali WilderJuly 27, 2016October 3, 2017

by Kali WilderJuly 27, 2016October 3, 2017338

The BE 100sÂ have adopted a new attitude. It has been a challenging year for a number of the nation’s largest black-owned businesses, but their CEOs...