Wednesday, December 13, 2017
Tags Black-owned banks

Tag: black-owned banks

Chicago to Deposit $20M In City’s Last...

Chicago officials are joining the nationwide push to #BankBlack by entrusting millions of dollars to the city's last Black-owned lender. City treasurer Kurt Summers announced...

Former Footballer Takes Over Virginia’s Last Remaining...

First State Bank is touting a new name as well as a brand new stakeholder. The Danville, Va., bank, known as the last remaining Black-owned...

One of Chicago’s Largest Black-Owned Banks Just...

Seaway Bank and Trust Co., one of Chicago's largest Black-owned banks, was closed Friday, Jan. 27, and sold to the State Bank of Texas...

Solange Knowles Reveals ‘Very Personal Decision’ to...

After the brutal deaths of Alton Sterling and Philando Castile at the hands of police in Baton Rouge, Louisiana and Falcon Heights, Minnesota – both of...

Ghanaian Company Invests $9M in Failing Black...

A Ghanaian firm stepped in right on time as a Black-owned Bronzeville bank was on the verge of collapsing. Groupe Nduom of Ghana invested a...

Executive at Black-Owned Bank Shares Insights on...

According to a new study by Gallup, commissioned by Wells Fargo, Black-owned businesses face tougher challenges than other groups when seeking bank loans. The...

N.Y.’s Last Black-Founded Bank, Carver Federal, Tries...

Once the epicenter of commerce in Harlem, Carver Federal Savings today struggles to maintain a presence in a part of town now marked by...

Black People’s Mistrust of Banks Goes All...

The mistrust of banks and unwillingness many Black people—especially older folks—have about placing their money in them is not a new phenomenon. Not even...

Black-Owned Banks’ Inability To Modernize Services Creates...

There are 19 Black-owned banks in America, and almost all of them are in survival mode, still suffering from the economic downturn that ravaged...

10 of the Oldest Black-Owned Banks That...

Broadway Federal Bank FSB, Los Angeles Broadway Federal Savings and Loan Association was founded in 1946 by a group of civic-minded men and women who wanted...
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