Tags Black-owned banks
Tag: Black-owned banks
Reacting to the most recent wave of shootings of Black men by police officers, thousands of African-American consumers across America are directing their dollars by opening checking and savings accounts in Black-owned banks. A grassroots effort being called a “Spend Movement” found the nation’s Black banks receiving calls and on-line requests to open accounts.
A week ago Sunday, five St. Louis Rams professional football players entered a game with their hands up, protesting the killing of Michael Brown. They stand in the lineage of John Carlos and Tommie Smith, of Muhammad Ali, identifying with the pain in their communities and turning protest into power. The gesture turned to chants – “Hands up! Don’t shoot!” – in demonstrations across the country.
When the leaders of the National Bankers Association, an organization of 37 mostly Black-owned banks, began pondering prospective recipients of their annual “Beyond the Call of Duty Award,” its president says they did not have to look very far. No question, it was Marie Johns, deputy administrator of the U. S. Small Business Administration, he said.