Skip to content
Weekly Real Estate News
Current News & Events

Black-owned banks are booming, and they’re pouring money back into their communities

Dollars Money Bitcoin

Share this article!

Source: CNN — 

An estimated $150 million in equity capital has been invested in Black-owned banks since George Floyd was murdered last year, according to the National Bankers Association, a trade group that represents 24 of the country’s minority-owned financial institutions.

Those funds have put the nation’s Black banking community in a stronger position today than it was a year ago, according to the group’s board Chairman Robert E. James II.
 
WRE NEWS  •  READER SUPPORT
Help support the news that keeps you ahead.
If WRE News brings value to your day, consider supporting the reporting that keeps our industry informed.

Submit a Comment

Your email address will not be published. Required fields are marked *