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Black-owned banks are booming, and they're pouring money back into their communities

Black-owned banks are booming, and they’re pouring money back into their communities An estimated $150 million in equity capital has been invested in Black-owned banks since George Floyd was murdered last year, according to the National Bankers Association, a trade group that represents 24 of the country’s minority-owned financial institutions. Those funds have put the nation’s Black banking community in a stronger position today than it was a year ago, according to the group’s board Ch...
United States Roberte James Los Angeles Nicole Elam Kim Saunders Kevin Cohee
Source: ktvz.com

Inside South Florida's Only Black-Owned Bank

Building generational wealth has always been a hard feat for the average Black person due to the wealth gap. The difference between Black and white income in America, according to Pew Research Center, was 61% of the median Black household income to the white household in 2018.  These statistics, along with countless other disparities, are pushing more Black Americans to bank Black. "The civil unrest following the killing of George Floyd was a catalyst toward banking Black," said nationally kn...
United States Wendell Neil Terri Williams Lynette Khalfani Cox George Floyd Pew Research Center

OneUnited Bank, Largest Black Owned Bank And Visa Launch OneTransaction Campaign

OneUnited Bank, Largest Black Owned Bank And Visa Launch OneTransaction Campaign Focusing on Closing the Racial Wealth Gap News provided by Share this article Share this article LOS ANGELES, Feb. 2, 2021 /PRNewswire/ -- OneUnited Bank, the largest Black owned bank and first and only Black owned digital bank in the country and Visa are proud to announce for Black History Month the OneTransaction Campaign to close the racial wealth gap. The Campaign includes a state-of-the-art, free virtual fin...
United States Michelle Singletary Suzan Mcdowell Tiffany Aliche Sharon Epperson Mary Ann Reilly

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