August 9, 2020         
Genentech Provides Update on Phase III Study of Tecentriq in Combination With Paclitaxel for People With Metastatic Triple-Negat   •   2020 Women Tech Awards Finalists Named   •   Gardner Capital Debuts Senior Living Community and Food Pantry in El Caro Senior Apartments in Phoenix   •   NASA Astronaut Aboard Space Station to Answer Girl Scouts' Questions   •   Illinois officials find Kanye West does not have enough signatures to be a candidate for President in the general election in hi   •   "Behind The Scenes" With Laurence Fishburne Discusses the Blueprint for Active Aging in Senior Living Communities with national   •   Cola Wealth Advisors Honors Major Rick "Guns" Garin   •   Sanctuary Taps Cinedigm and VIZIO to Bring Its Yoga Meditation Service to People at Home   •   Ford Fund and 1863 Ventures Announce Next HI-HERImpact Pitch Competition   •   United Methodists to Host "Dismantling Racism" Town Hall Discussions   •   Mycovia Pharmaceuticals CEO Patrick Jordan Named 2020 Life Sciences CEO of the Year by Triangle Business Journal   •   #iVoted Initiative to Break All Records with Election Night Virtual Concerts   •   Splenda® Brand Sweeteners Supports 10-Year-Old Philadelphia Entrepreneur's Lemonade Stand Business   •   Housing Rights Advocates to Burbank City Council: Stop Wasting Taxpayer Money   •   Ready to Go on Day One: Indiana Gateway Digital Academy Students Already Equipped for Success   •   Class Is in Session for Hearthstone® Players—New Expansion Scholomance Academy™ Now Live!   •   nTIDE July 2020 Jobs Report: July Numbers Raise Red Flag for Americans with Disabilities   •   AtriCure Announces Angie Wirick as Chief Financial Officer   •   Knights of Columbus Recognizes Family of the Year, Local Councils for Outstanding Contributions   •   Government of Canada COVID-19 Update for Indigenous Peoples and communities
Bookmark and Share

Campaign Promotes Use Of Minority Banks

 WASHINGTON  -- The National Bankers Association {NBA}, a cosortium of minority-owned banks, is teaming with nationally-syndicated radio talk show host, Warren Ballentine, to spearhead a national campaign to get minorities and other consumers in the urban areas to bank with minority banks.

National Bankers Association (NBA)
Black News, African American News, Minority News, Civil Rights News, Discrimination, Racism, Racial Equality, Bias, Equality, Afro American News, Asian News,  Asian American News, Asian Pacific Islander News, Minority News, Civil Rights, Discrimination, Racism, Diversity, Racial Equality, Bias, Equality, Hispanic News, Latino News, Mexican News, Minority News, Civil Rights, Discrimination, Racism, Diversity, Latina, Racial Equality, Bias, Equality, Native American News, Indian News, Native News, Minority News, Civil Rights, Discrimination, Racism, Diversity, Racial Equality, Bias, EqualityA press conference to kick-off the campaign will be held this Friday beginning at noon at the headquarters of the National Bankers Association in Washington.

The promotional campaign, being called "The People's Economic Movement," is being orchestrated to coincide with the unveiling of the Dr. Martin Luther King, Jr. memorial statue in Washington,  August 28th.

According to Michael Grant, president of the NBA, "This self-help, empowerment movement is designed to stimulate much-needed economic development at our nation's urban core. By depositing their money in minority banks, getting mortgages, small business loans or loans for college tuition from banks in their communities, consumers begin a process of harnessing the economic strength of the masses in a way that creates direct benefits to their communities which are still suffering from the worst economic crisis since the Great Depression."

Asked why the campaign is being called, "The People's Economic Movement," Radio One talk show host Warren Ballentine explained: "This recession has created not a moment in time but a movement in time. Community economic development will only come with an intelligent and targeted approach to managing money. By investing their money in the minority banks in their own communities, consumers will begin to see how to make capitalism work in their favor."

The consortium's member banks operate branches in 29 cities located across America. In the aggregate, these banks have over $15 billion in assets and serve over 3 million depositors.

As an example of how little support minority banks are receiving from their potential customer base, economists have estimated that while the African-American community has over one trillion dollars in disposable income a year, it has been estimated that African-American owned banks manage less than 5% of the wealth in the communities that they serve.

"The People's Economic Movement" will include NBA banks from all over America - especially in urban communities. 

Organizational leaders and celebrities who are supporting "The People's Economic Movement" include Reverend AI Sharpton, Roger Campos, Reverend Frank Reid of Baltimore, Reverend Buster Soaries of Newark, Boris Kodjoe, CeCe Winans, and Reverend Rudy Rasmus of Houston.


STORY TAGS: National Bankers Association (NBA) , Black News, African American News, Minority News, Civil Rights News, Discrimination, Racism, Racial Equality, Bias, Equality, Afro American News, Asian News, Asian American News, Asian Pacific Islander News, Minority News, Civil Rights, Discrimination, Racism, Diversity, Racial Equality, Bias, Equality, Hispanic News, Latino News, Mexican News, Minority News, Civil Rights, Discrimination, Racism, Diversity, Latina, Racial Equality, Bias, Equality, Native American News, Indian News, Native News, Minority News, Civil Rights, Discrimination, Racism, Diversity, Racial Equality, Bias, Equality

Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News