Learn more about community banks, and how to find one that is dedicated to improving life in your own neighborhood.
Tag: Black Banks
In 1987 there were 91 African American owned banks in America. Today there are only 24. Many Black financial institutions are struggling to stay afloat…
The once-towering stature of the Black bank has diminished. After almost 125 years of serving the underserved, the Black banking community has been brought to a new low by a shrinking clientele, questions of relevance, competition from big banks and the fluctuating fortunes of its traditional client base—churches, small businesses and lower- and middle-income Blacks, who have borne the brunt of the economic recession.