Connect with us

UrbanUpdates

Wells Fargo to Invest $50 Million in Black-Owned Banks

Photo by Christina @ wocintechchat.com on Unsplash
Photo by Christina @ wocintechchat.com on Unsplash

(By Christian Spencer for Black Enterprise) Wells Fargo, which has a vested interest in Black banking institutions, announced it will be investing $50 million into Black-owned Minority Depository Institutions (MDIs). The following Black-owned banks will receive help from Well Fargo, Carver State Bank in Savannah, Georgia, Citizens Trust Bank in Atlanta, Georgia, First Independence Bank in Detroit, Michigan, Liberty Bank in New Orleans, Louisiana, and Unity National Bank in Houston, Texas, according to the company statement.

Graphic Design • Website Development • Printing • Press Release Copy Writing • Social Media Management • Experiential Marketing • Direct Mail | www.goodlookcreative.com www.goodlookprints.com | 📧 info@goodlookcreative.com
Graphic Design • Website Development • Printing • Press Release Copy Writing • Social Media Management • Experiential Marketing • Direct Mail | www.goodlookcreative.com www.goodlookprints.com | info@goodlookcreative.com

“The country’s MDIs are vital to minority communities, but over the last two decades, many have declined or have closed,” Vice-chairman of Public Affairs William Daley said. “The capital investment we are announcing is important, but it’s our relationship approach that will make the difference in their futures. We want to be a partner to these important institutions and, in turn, have a positive effect on local communities.” Read more here.

Click to comment
Loading Facebook Comments ...

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading Disqus Comments ...

Connect
X