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Why Black Banks Matter?

Creating generational wealth in the Black Community will require that we Deposit, Borrow from, and Invest in Black-Owned Banks that are creating opportunities in the Black community. This website provides news and information that is gathered from all over the country about Why Black Banks matter, and how we can build relationships with our Black Banks to create greater Black wealth.
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What is the Mission of Black Banks Matter?

Have you ever asked: Why should I go out of my way to get a loan from a minority-owned bank, instead of a major bank?

Minority-Owned banks play a vital role in the U.S. economy. Many serve as a funding source for underserved and neglected communities of color. Unlike taking out a loan from a multi-national bank, when you take out a loan from a minority-owned bank, it’s a contribution to the economic development of the community. Minority-Owned banks provide small business loans, commercial real estate loans, mortgage loans, auto financing, personal loans and student-loan financing, while recycling money back into the community. In short, without this community investment, many minority communities would continue to be neglected, forcing their residents to move or suffer economic stagnation.

To keep minority banks in the business of reducing the wealth gap and community building, your financial support is needed. Your donation goes directly to the promotion of banks that provide loans that invest in minority communities. Our organization promotes the interests of minority-owned banks through a variety of marketing efforts, including financial education, hosting special events, and promoting the importance of consumers acquiring loans with minority-owned banks. This awareness results in the public’s understanding of the crucial role minority lending plays in community building.  Use us to locate your list of black banks. READ MORE

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What is the Mission of Black Banks Matter?

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Partial List of Black Banks & Credit Unions

M&F Bank
Citizens Trust Bank
Unity National Bank
United Bank of Philadelphia
Liberty Bank
First Independence Bank
Credit Union of Atlanta
Commonwealth National Bank
Carver State Bank
Broadway Federal Bank
Optus Bank

Looking to place your money in the banks and credit unions that invest back in the community?


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