First New Black Bank In 20 Years Breaks The Mold For Raising Startup Capital
Adelphi Bank in Columbus, which raised $20 million in startup capital, marks the country’s first new Black bank since 2003.
Source: nextcity.org
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Black-Owned VC Firm Nex Cubed Partners With Costco To Invest $40 Million In HBCU-Founded Startups
The VC firm is looking to invest in the next HBCU rising entrepreneur, with a little help (specifically $5 million) from Costco.
Source: blackenterprise.com
This Black Barber Opened The First Credit Union In Arkansas Since 1996
After years of making loans from his Little Rock barbershop, Arlo Washington has chartered the state’s newest credit union – offering a blueprint for communities to create their own financial institutions.
Source: nextcity.org
These Behind-The-Scenes Bankers Are Joining Forces To Take On Racism In Banking
The Underwriting for Racial Justice National Working Group convenes underappreciated allies against racial inequities in access to credit.
Source: nextcity.org
This Investment Fund Wants To Close The Racial Wealth Gap In Community Banking
The Mission Driven Bank Fund is designed to invest wealth in community banks led by people of color.
Source: nextcity.org