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Stories Tagged as

Black-owned banks

How could additional capital for banks in communities of color help local businesses?

by Leoneda Inge
Apr 7, 2022
The Treasury Department provided $9 billion to lenders in underserved communities, allowing them to expand and support entrepreneurs.
Toriano Fredericks, owner of Boricua Soul in Durham, North Carolina. It was difficult, but his restaurant was able to survive the pandemic and remain open.
Leoneda Inge/WUNC
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The credit union that aims to be a "lifeboat" in times of crises

by Kai Ryssdal and Sean McHenry
Aug 26, 2020
Bill Bynum says Hope Credit Union is his ministry, giving predominantly Black communities a place to bank.
Bill Bynum
Courtesy of Hope Credit Union
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Race and Economy

Netflix will deposit $100 million in Black-owned banks

by Justin Ho
Jun 30, 2020
The move should help the banks make more loans in communities of color. But deposits are just one way to help the institutions.
Netflix is trying a couple of different things to hold on to its subscriber base.
Olivier Douliery/AFP via Getty Images
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