Displaying items by tag: Black Banks

Thursday, 08 June 2017 07:00

Black America Still Needs Black-Owned Banks

Citizens Trust Bank has had something to celebrate in its 95th year: continued relevance. As a gift of sorts for its nearly century-long existence as an institution in the black community, the community gave back to the bank with nearly $1 million in deposits – in just five days last July. The major influx of […]...

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When it comes to credit and financing, racial disparities remain despite a 42-year-old federal law guaranteeing fair treatment in lending....

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Last week, the U.S. Treasury Department hosted a ceremony to not only mark the 150th anniversary of the Freedman’s Savings and Trust Company (Freedman’s Bank), but also to name the Treasury Annex building the Freedman’s Bank Building.read more...

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Minority-owned banks are crying foul about the federal government snubbing them for tax credits they say could generate economic development in the nation’s most needy communities....

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