Displaying items by tag: Black 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 […]...

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

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...

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....