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Stark Community Foundation elects new board chair and vice chair

Stark Community Foundation elects new Board chair and vice chair
The Repository
CANTON – The Board of Directors of Stark Community Foundation has elected Nancy Varian as its new chair, elected Bill Cook as vice chair and announced three new members: Tonja Marshall, Andrea Perry and Todd E. Pugh.
Varian has served on the Foundation’s Board of Directors since 2008, is a member of the personnel vommittee and most recently served as vice chair. She serves as a faculty member and director of the Center for Professional Development at Malone University. She and her husband, Reed, along with their immediate family, operate Varian Orchards, their family’s 325-acre farm in East Canton. ....

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Moving Your Money to a Minority-Owned Bank

The current movement for racial reconciliation has raised awareness of the centuries-long wealth gap in America between whites and people of color—and of the role Black-owned banks can play to br. ....

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Neglected minority-owned banks now attracting billions in funding and donations

Neglected minority-owned banks now attracting billions in funding and donations
By Khristopher J. Brooks
How does COVID bill help Black-owned businesses?
The U.S. government is giving billions of dollars to minority-owned banks with an aim of helping to revitalize low-income communities in cities like Atlanta, Detroit and New Orleans. Some of the nation s largest financial institutions are also pitching in, recently commiting about $140 million to banks of color.
Minority Depository Institutions, or MDIs, have received $50 million as part of Bank of America s billion-dollar commitment last year to enhance racial equality, as well as $50 million and $40 million donations, from Wells Fargo and JPMorgan Chase, respectively, as part of similar pledges to support underrepresented communities. ....

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Wells Fargo & Company (NYSE:WFC) - Wells Fargo Makes Equity Investments In Five Black-Owned Banks

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Wells Fargo & Co (NYSE: WFC) has announced equity investments in five Black-owned banks as part of its pledge of investing up to $50 million in Black Minority Depository Institutions (MDIs).
What Happened: The San Francisco-headquartered financial institution’s investments were aimed at two Georgia-based banks Carver State Bank in Savannah and Citizens Trust Bank in Atlanta plus First Independence Bank in Detroit, Liberty Bank in New Orleans and Unity National Bank in Houston.
This is Wells Fargo’s second round of investments in the MDIs. In February, the company announced investments in Broadway Federal Bank in Los Angeles, Carver Federal Savings Bank in New York City, Citizens Savings Bank & Trust in Nashville, Commonwealth National Bank in Mobile, Alabama, M&F Bank in Durham, North Carolina, and Optus Bank in Columbia, South Carolina. ....

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Large banks make investments in banks that serve Black communities - TheGrio

Large banks make investments in banks that serve Black communities - TheGrio
thegrio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegrio.com Daily Mail and Mail on Sunday newspapers.

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