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ChannelAdvisor Deposits $3M Into The Nation's Second-Oldest Black-Owned Bank To Support Minority Businesses

Having adequate resources is vital to the success of Black-owned businesses across the nation, and ChannelAdvisor wants to make sure Black-owned business owners have them. PR Newswire reports that ChannelAdvisor has pledged a commitment of $3 million to M&F Bank, the nation’s second-oldest Black-owned bank located in Durham, NC. According to the company website, the state-chartered commercial bank was organized in 1907 to fulfill a dream that the nine founders had for their community — to build generational wealth and betterment for the people of the residential district in Durham. Today that commitment continues, thanks to the deposit made by ChannelAdvisor, t he leading provider of cloud-based e-commerce solutions who share the bank’s commitment to supporting the growth of local minority-owned businesses. “We’re committed to doing our part to support and increase economic opportunity in the communities around us, especially underserved entrepreneurs and business owners ,” said...

Sep 1, 2021