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The National Black Bank Foundation (NBBF) is adding some heavy hitters to its board. According to Business Wire , NBBF is a racial justice nonprofit committed to ensuring the communities of color have access to capital in order to build wealth through the Black banking sector. Just last week the board appointed King Center CEO Dr. Bernice A. King and actor Hill Harper to its board of dynamic leaders. Harper and King will join a board of directors that includes ESPN analyst and Super Bowl XLIII winner Ryan Clark, National Bankers Association Chairman Robert James II, Aspen Institute Fellow Yolanda Daniel, and founder and CEO of Calliope Advisors Lauren McCann. “Black banks help Black families escape the continuum of poverty by building real wealth , which is why the work of uplifting these community anchors is so urgent,” said NBBF Board Chair and St. Louis Mayor Tishaura Jones. “We’re deeply honored that Dr. King and Hill have invested themselves in our mission.” Today there are...
For many minority and Black business-owners, stimulus funds have been a grave concern. However, Black-owned banks in America are making sure that small businesses will receive their fair share of funding from the Paycheck Protection Program (PPP). We Buy Black reported that OneUnited Bank announced it’ll be using its platform to assist Black entrepreneurs affected by COVID-19. “Most of our customers who filed PPP applications with other institutions during the first round were not funded,” said Teri Williams, president and COO of OneUnited Bank, owner of the largest African American-owned bank in the country. “We’re proud that OneUnited can step up to provide Black businesses with better access to stimulus funding.” The bank recently launched its Small Business Administration (SBA) PPP to offer loans to new and existing customers across the country, through their online and mobile banking platforms. Additionally, We Buy Black also reported other banks such as Industrial Bank in...