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Flagstar Bank Pledges $1M in Grants to Local Communities for Black, Indigenous, POC-Owned Businesses

Metro Detroit company Flagstar Bank is continuing its commitment to diversity, inclusion, and equity in U.S. communities of color by pledging $1 million worth of grants to help small Black, Brown, and Indigenous-owned businesses who have been hit hard by COVID-19. According to a news release , Flagstar Bank has opened applications up to qualifying small businesses now through Nov. 20 for grants valued up to $5,000. “We have a commitment to our communities and to keeping our promises to them,” said Alessandro DiNello, CEO of Flagstar Bank, in a statement . “Reversing decades of systemic inequities is a marathon, and we are in it to the finish. These grants are an important milestone along the way to making our communities and our company better and more equitable for all.” Business qualifications to receive Flagstar’s grants include diverse ownership, revenues of no more than $1 million, and a location within Flagstar Bank’s footprint of Michigan, Fort Wayne and South Bend, Indiana;...

Nov 11, 2020