black banking
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Atlanta Hawks Become 1st Sports Franchise to Receive a Significant Loan Underwritten Exclusively By Black Banks
Cha-ching! It’s no secret that the Black dollar is big business, and with the Atlanta Hawks needing to refinance the construction loan for their Emory Sports Medicine Complex, who better to go to than a Black-owned bank? On Thursday, the Hawks announced that with the help of the newly-formed National Black Bank Foundation, they secured…
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Cash, Cropped: Bank Fees Hit Black and Latinx Customers the Hardest, According to New Poll
Black and Latinx people pay more than white people when it comes to banking fees, according to a new report released Wednesday. The survey results (h/t USA Today) come from financial services website Bankrate.com, which asked 2,634 adults how much they spend per month on routine financial service charges, like ATM fees and overdraft penalties.…
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OneUnited Bank Launches BankBlack X Campaign to Tackle Racial Wealth Gap, Encourage Financial Literacy
The black dollar is big business. With $1.3 trillion in annual buying power, the influence we wield on the global economy is undeniable. Yet far too often, we’re unable to fully capitalize on our collective monetary might. Looking to break this cycle is OneUnited Bank—the largest black-owned bank in the country—with their commitment to garnering…
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Nonprofit BMe Deposits $1,000,000 in Black-Owned Bank, Calls on Others to #BankBlack
In the #BankBlack movement, one organization is putting its money—$1 million—where its mouth is. BMe Community, a national network dedicated to strengthening communities with the help of black men, is redirecting $1 million of its deposits into OneUnited, the nation’s largest black-owned bank, making BMe the “preferred nonprofit” for the bank, while OneUnited has become…