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…

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…