#BlackMoneyMatters:Getting Black Money Into Black Banks
Black Enterprise|July/August 2016

Teri Williams, president of OneUnited Bank, shares insight regarding the #BankBlack movement

Stacey Tisdale
#BlackMoneyMatters:Getting Black Money Into Black Banks

#BANKBLACK FEVER IS SWEEPING THE COUNTRY

The movement is aimed at empowering the black community by taking control of its wealth and investing it into the community through one of the 24 black-owned banks in the U.S. (see Money, this issue) It got national attention this month when rapper Killer Mike implored the black community to deploy a portion of its financial resources to make a tangible difference, on several media outlets.

In Atlanta alone, there were reports that at Citizens Trust Bank (No. 6 on the be banks list with $388.6 million in assets), 8,000 people took the challenge, bringing in about $800,000 in deposits to the institution in five days. Celebrities such as Solange, Jesse Williams, Alicia Keys, Beyoncé, Queen Latifah, Usher, and more have joined the conversation urging black Americans to move their money to black-owned banks.

OneUnited Bank, a community development financial institution (CDFI), the first black internet bank, and one of the nation’s largest black-owned banks (No. 2 on the be banks list with $648.6 million in assets), joined forces with #BlackMoneyMattersLA. On July 23, the bank hosted a first-time account-opening event at its Crenshaw branch in Los Angeles.

Diese Geschichte stammt aus der July/August 2016-Ausgabe von Black Enterprise.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der July/August 2016-Ausgabe von Black Enterprise.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BLACK ENTERPRISEAlle anzeigen
Great Leaders Aren't Born, They're Made
Black Enterprise

Great Leaders Aren't Born, They're Made

Former Aetna CEO Ron Williams shares his decades of leadership lessons in his new book

time-read
6 Minuten  |
Fall 2019
How Fifth Third's Kala Gibson Drives Impactful Urban Entrepreneurship
Black Enterprise

How Fifth Third's Kala Gibson Drives Impactful Urban Entrepreneurship

As executive vice president and head of business Banking for Fifth Third Bank, Kala Gibson focuses on helping small businesses gain the resources necessary for them to continue to drive employment, innovation, and impact.

time-read
6 Minuten  |
Fall 2019
I Want to Be a Triple Threat
Black Enterprise

I Want to Be a Triple Threat

I always loved Papa John's. I was introduced to it in ’89 in Baton Rouge Louisiana when I didn’t have a lot of money but I had enough money for a big ol’ Shaqaroni pizza—sausage, pepperoni, extra cheese.

time-read
2 Minuten  |
Fall 2019
This Young, Black Aerodynamics Engineer Is Rebooting Classics At General Motors
Black Enterprise

This Young, Black Aerodynamics Engineer Is Rebooting Classics At General Motors

THE CHEVY BLAZER HAS GOTTEN A MAKEOVER IN 2019.

time-read
2 Minuten  |
Fall 2019
This Dell Exec Took A Leap, And Landed At SVP
Black Enterprise

This Dell Exec Took A Leap, And Landed At SVP

NAJUMA ATKINSON HAS BUILT A 20-YEAR CAREER AT DELL TECHNOLOGIES Inc.

time-read
2 Minuten  |
Fall 2019
Power In The Boardroom
Black Enterprise

Power In The Boardroom

EXPANDING BLACK REPRESENTATION IN THE BOARDROOM AND THE C-SUITE REQUIRES ADVOCACY, STRATEGY, AND POSSIBLY, LEGISLATION. TO MEMBERS OF OUR B.E. REGISTRY OF CORPORATE DIRECTORS, HOWEVER, THE DETERMINING FACTOR COMES DOWN TO LEADERSHIP.

time-read
10+ Minuten  |
Fall 2019
Has History Met Your Badass?
Black Enterprise

Has History Met Your Badass?

If black women don’t assert power and their place in history, everybody loses

time-read
7 Minuten  |
January/March 2019
A Crash Course In Success
Black Enterprise

A Crash Course In Success

Damian Mills’ strategic leadership, talented team, and knack for turning crises into Lucrative Opportunities turned his mega-dealership into an unstoppable force

time-read
8 Minuten  |
Summer 2019
Growing Together
Black Enterprise

Growing Together

How strategic alliances between major corporations and african american businesses and organizations can serve as models for economic and social advancement

time-read
10+ Minuten  |
Summer 2019
The 4H Club
Black Enterprise

The 4H Club

ICV partners has attracted millions in capital, built a portfolio of high-return companies, and diversified private equity by following its core values of staying humble, hard working, honest, and hungry

time-read
10 Minuten  |
Summer 2019