FDIC launches capital investment fund for Black-owned bank, CDFIs with initial $120 million pledge

BCN Staff – Sept. 19, 2021 — The Federal Deposit Insurance Corporation (FDIC) on Sept. 16 announced the launch of the new $120 million Mission-Driven Bank Fund, a capital investment…

Federal judge halts $4 billion stimulus payout to black farmers for decades of systemic racism

Lawsuit brought by white farmers after Sen. Lindsay Graham, other GOP critics call government set asides “reparations” By BCN Executive Editor Wesley Brown – June 27, 2021 – More than…

New Orleans-based Liberty Bank to acquire Tri-State Bank of Memphis, creating nation’s largest Black-led financier (Updated)

This story is the first in a four-part BCN exclusive series entitled “The Future of Black Banks in America” that BlackConsumerNews.com will publish this summer. By BCN Executive Editor Wesley…