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The Ultimate Directory with Nearly 100 Branch Locations Across the USA

Can Build Back Better solve racial inequities among entrepreneurs?

Small businesses are, in many […]

Washington Wizards to Honor Trailblazers During Black History Month

Courtesy of the Washington Wizards […]

Honoring Black History: Highlighting local Black-owned businesses

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From local tour companies to […]

Community Care at Independent, Black-Owned Othello Station Pharmacy

by Amanda Ong Ahmed Ali […]

Can Build Back Better solve racial inequities among entrepreneurs?

Small businesses are, in many […]

City, county create local minority women-owned business certification program

ROCHESTER, N.Y. (WHEC) — A […]

Manchester NAACP, NH Community Loan Fund team-up to support minority-owned businesses

Sign Up For Our FREE […]

Black-Owned Fintech Esusu Hits Unicorn Status With SoftBank-Led Round

(Bloomberg) — Esusu, a financial […]

Equitability still sought in commercial lending

Minority-owned concerns often lack capital […]

Improving Lives: Award Honors Founder of Credit Union That Serves Low-Income Southerners

Bynum at a Hope Credit […]

20 Must-Watch Shows to Stream During Black History Month, According to an Entertainment Editor

As much as I appreciate […]

TSB boss says branch closures ‘never easy’ but bank is ‘doing the right thing’

Get the latest from our […]

Just 31% of Black residents own a home; new workshop, with banks’ buy-in, hoping to change that

A five-week Home Workshop will […]

2021 Business Hall of Fame: William Pettiford, Alabama Penny Savings Bank

Birmingham has no shortage of […]

Equitability still sought in commercial lending

Minority-owned concerns often lack capital […]

Manchester NAACP, NH Community Loan Fund team-up to support minority-owned businesses

Sign Up For Our FREE […]

Black-Owned Fintech Esusu Hits Unicorn Status With SoftBank-Led Round

Esusu co-founders Abbey Wemimo, right, […]

Amid the startup boom, Black founders struggle to raise venture capital

In the wake of George […]

Five things you need to know today, and the money to be made in racial healing

Good morning, Cincinnati. Here are […]

The Oldest Black-owned Business in the United States Expands to the Carolinas with New Offices in Charlotte and Raleigh

CHARLOTTE, N.C., Jan. 27, 2022 […]

Black History Month guide: Exhibits, tours and events around the Triangle

A man poses for a […]

Schnucks Supports Local With New Restaurant Partnership

Schnucks’ partnership with St. Louis-based […]

Samsung Steps Up Investment in South Africa

The company plans to expand […]

BLACK BANKS MATTER

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
SSCFCU
Optus Bank
 

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

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