Blsk Banking

A pair of black led banks on opposite coasts are joining forces to become the largest minority owned depository institution in the united states according to fdic data.

Blsk banking. The first black owned bank to reach 1 billion in assets has been created due to the merger of city first bank of d c. In washington and los angeles based broadway federal bank. According to the urban institute a black financial institution provides services to minority communities and is 51 or more black owned. The bank received tens of thousands of account requests within.

But what does it mean to bank black. A new majority black and latinx owned and operated digital bank hopes to make supporting black owned banks and businesses a little easier for consumers. Killer mike worked with andrew young and ryan glover to create the first digital bank geared toward black and latinx people.