There are 21 black owned banks in America

[ridedolo]

bump

 

[ridedolo]

Fifteen Black Entrepreneurs Make a Big Deposit In A Black-Owned Bank – Financial Juneteenth


Fifteen Black Entrepreneurs Make a Big Deposit In A Black-Owned Bank

By Robert Stitt

Fifteen young Black businessmen entered the Black-owned Industrial Bank with the intent of opening accounts. The men were members of the Black Male Entrepreneurship Institute (BMEI), a partner of the U.S. Black Chambers Inc. (USBC). The move was a calculated effort to gain support for black-on-black economics.

Ron Busby is CEO of the USBC. He said, “In order for there to be a strong Black America, you must have strong Black businesses. In order for there to be strong Black businesses, we must have strong Black banks. So, from my standpoint, this is just a reciprocation for what Industrial Bank has done for our communities for the last 80 years.”

The President/CEO of the Industrial Bank, Doyle Mitchell, was on hand and congratulated Busby for his leadership and inspiration to the young men. “I’m just humbled at the presence of mind that you have displayed since you first came to town and started taking a leadership role with the Chamber of Commerce and came to Industrial Bank and made a $5,000 deposit. You put your money where your mouth is,” he said.

Busby talked about the changes that happened in his life when he started to focus on Black business. He said that it impacted every area of his life. When it was time to buy a house, he found a Black real estate agent, a Black mortgage company, a Black title company, a Black home inspector, a Black pest control company, and a Black moving company. “Everybody that touched the transaction was a Black firm. The service was superior and the price was right.”

“There’s a trillion dollars of spending power in our community and we want to make sure that dollar stays within our community. Twenty-eight days a dollar stays in the Asian community, twenty-one days a dollar stays in the Hispanic community. In our community, our dollar leaves within six hours. We have got to change that…Until we have total control of how we circulate our money, our power and respect will continue to be marginalized,” he declared.

Busby is the leading voice supporting Black banks and businesses in America today. He hopes that he can continue to inspire young Black men and women to support the Black community by investing in themselves and their communities.

Source

good drop. rep.

 

[ridedolo]

bump

 

[iBrowse]

He also said that they must give out x amount of small business loans, but a lot of the times they go untouched because people don't apply for them.

 

[black crown]

My uncle founded and owned First Tuskegee Bank before he passed. He was a pioneer in the game.

 

[ridedolo]

My uncle founded and owned First Tuskegee Bank before he passed. He was a pioneer in the game.

you in the banking business to fam?

 

[black crown]

you in the banking business to fam?

Yeah.....but not there. My uncle used to try and get me and my cousins to go into banking but when I was young I was focused on getting my engineering degree. Now I'm in IT (dem certs) for an investment bank. I like the industry I wish I would of had the foresight to listen to him back in the day though.

 

[The axe murderer]

Sub

 

[↓R↑LYB]

Killer Mike, Usher, Jermaine Dupri, and Big KRIT open an account with Citizens Trust Bank for black history month

Killer Mike, Usher & Jermaine Dupri Kick Start #BlackHistoryMonth By Banking Black… [PHOTOS + VIDEO]



Atlanta based rapper/civic leader Killer Mike jump started Black History Month in Atlanta alongside Usher, Jermaine Dupri & more, by encouraging the support of local, Black owned banks.



Mike hit the net this morning with the following plea:

We are gonna be opening accounts there and we encourage all of u too do the same! U can keep ya big bank account and use this one as a Savings or you can bring the whole operation. What ever u decide make sure at least 1 account is with a black bank turning that dollar in our community!
#ICATL #CuzImBlack #supportblackbusinesses #blackeconomics #blackdollarsmatter #SupportSmallLocalAndBlackBiz #IfYourNotBlackThatsCoolToo #AllMoneyAcceptedAndProtected #BankSmall #BankLocal #BankBlack
​

Mike’s request was heard by several in Atlanta’s entertainment community and they all joined forces to open accounts at Atlanta’s minority owned Citizens Trust Bank.

Details + photos & video below…



Usher & Killer Mike share a few words alongside Citizen Trust Bank’s president, Cynthia N. Day and Atlanta City Councilman Kwanza Hall. as they acknowledge the importance

I personally spoke with Killer Mike after the event and one thing that he wanted ALL to know is that Citizens Trust Bank may be small but they’re 95 years strong! Many of businesses on the Southside of Atlanta were built by loans from the nearly 100 year old bank.



Killer Mike & Usher



Usher, Big K.R.I.T., Jermaine Dupri, Killer Mike, Kap-G

Citizens Trust Bank is located at 75 Piedmont and is planning to expand it’s location soon. You can open an account for as little as $5.00 to start.



Usher opening accounts…

Jermaine Dupri joined in on the crusade and also put a bit of his money in Citizens Trust. Durpi shared the following video alongside Killer Mike and Usher after they all opened accounts.



In explaining the need to support small, local, Black owned banks, Killer Mike states:

We’re banking small, banking local, banking BLACK!

SMALL because they’re here and they’re personable, LOCAL, because you can get to your money quick and Black because that’s what we are…
​

SALUTE to Killer Mike, Usher & Jermaine Dupri for making such an important statement! I’m heading over to CTB right now to open an account as well.

 

[ridedolo]

up

 

[↓R↑LYB]

Black people need to really begin to focus on entrepreneurship and banking.

 

[tru_m.a.c]

I'm inspired brehs.

I'm gonna move 100 asap

 

[Wise]

Fifteen Black Entrepreneurs Make a Big Deposit In A Black-Owned Bank – Financial Juneteenth


Fifteen Black Entrepreneurs Make a Big Deposit In A Black-Owned Bank

By Robert Stitt

Fifteen young Black businessmen entered the Black-owned Industrial Bank with the intent of opening accounts. The men were members of the Black Male Entrepreneurship Institute (BMEI), a partner of the U.S. Black Chambers Inc. (USBC). The move was a calculated effort to gain support for black-on-black economics.

Ron Busby is CEO of the USBC. He said, “In order for there to be a strong Black America, you must have strong Black businesses. In order for there to be strong Black businesses, we must have strong Black banks. So, from my standpoint, this is just a reciprocation for what Industrial Bank has done for our communities for the last 80 years.”

The President/CEO of the Industrial Bank, Doyle Mitchell, was on hand and congratulated Busby for his leadership and inspiration to the young men. “I’m just humbled at the presence of mind that you have displayed since you first came to town and started taking a leadership role with the Chamber of Commerce and came to Industrial Bank and made a $5,000 deposit. You put your money where your mouth is,” he said.

Busby talked about the changes that happened in his life when he started to focus on Black business. He said that it impacted every area of his life. When it was time to buy a house, he found a Black real estate agent, a Black mortgage company, a Black title company, a Black home inspector, a Black pest control company, and a Black moving company. “Everybody that touched the transaction was a Black firm. The service was superior and the price was right.”

“There’s a trillion dollars of spending power in our community and we want to make sure that dollar stays within our community. Twenty-eight days a dollar stays in the Asian community, twenty-one days a dollar stays in the Hispanic community. In our community, our dollar leaves within six hours. We have got to change that…Until we have total control of how we circulate our money, our power and respect will continue to be marginalized,” he declared.

Busby is the leading voice supporting Black banks and businesses in America today. He hopes that he can continue to inspire young Black men and women to support the Black community by investing in themselves and their communities.

Source

By chance do you know what type of businesses these 15 guys owned?

 

[Responsible Allen Iverson]

By chance do you know what type of businesses these 15 guys owned?

I don't know but here's the website: Black Male Entrepreneur Institute

 

[louisvandross]

Anyone on this site criticizing marches, social media militants, or violence needs to spend their money on BLACK OWNED.

This a great thread, the Coli needs more of this.