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Top 5 Black-owned banks you should consider moving your money to

ROLLINGOUT.COM — Historically Black-owned banks have been the pillar of the Black community.

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By Jasmine Ferguson

When looking for a bank to entrust with your money, it is important to do your research. There are many factors to take into consideration when choosing a bank, such as interest rates, location and convenience, amount of minority borrowers and monthly fees.

Historically Black-owned banks have been the pillar of the Black community by providing African Americans an opportunity to gain access to financial services and capital for minority-owned businesses. According to BankBlackUSA.org, less than 1 percent of other (non-Black) community bank loans are made to Black borrowers. Black banks help to circulate the Black dollar.

With movements such as #BankBlack, social media has brought awareness to the importance of banking Black and moving your money to Black-owned banks.

Here are five Black banks that you should consider when deciding on your banking institution:

One United – oneunited.com
Established: 1982
Headquarters: Boston
Branches in: Boston, Los Angeles, Miami
CEO: Kevin Cohee
$661M in assets

Liberty Bank – libertybank.net
Established: 1972
Headquarters: New Orleans
Branches in: New Orleans, Detroit, among other places
CEO: Alden J. McDonald Jr.
More than $594M in assets

Citizens Trust Bank – ctbconnect.com
Established: 1921
Headquarters: Atlanta
Branches in: Atlanta, Alabama, Georgia
CEO: Cynthia N. Day
$399M in assets

Industrial Bank – industrial-bank.com
Established: 1934
Headquarters: Washington, D.C.
Branches in: Washington, Maryland
CEO: Doyle Mitchell
$423M in assets

The Harbor Bank – Theharborbank.com
Established: 1982
Headquarters: Maryland
Branches in: Baltimore
CEO: Joseph Haskins Harbor
$266M in assets

This article originally appeared in Rollingout.com

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Business

From Blueprint to Breakthrough: Tackling Affordable Housing in Oakland

Mercy Housing California and JPMorganChase help neighborhoods—and residents—thrive. Finding an affordable place to live remains a challenge for many as widespread housing shortages persist across the U.S. Rising home prices and high interest rates have made homeownership inaccess

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Photo courtesy JPMorganChase.

Mercy Housing California and JPMorganChase help neighborhoods—and residents—thrive.

Finding an affordable place to live remains a challenge for many as widespread housing shortages persist across the U.S. Rising home prices and high interest rates have made homeownership inaccessible to a large portion of the population. Meanwhile, as rental demand increases, the number of renters facing affordability challenges is rising.

The State of the Nation’s Housing 2025 by Harvard University’s Joint Center for Housing Studies reveals that cost burdens for renters reached another record high in 2023. Similarly, the JPMorganChase Institute reports that renter affordability is declining, forcing people to devote more of their take-home pay to housing costs. There is a growing need for affordable housing across the U.S., and that rings true here in Oakland.

To close that gap, it’s essential that all Oakland residents share in its growth, with housing options that accommodate a range of needs and budgets. For Mercy Housing California, this meant delivering a concrete solution to the local community, resulting in housing for individuals and families who otherwise might not have been able to live in the area.

For older adults living on fixed or limited incomes—including seniors who had been without a stable place to call home—The Eliza offers something that can feel out of reach in today’s housing market: a place to belong in the Oakland community where they’ve put down roots. Developed by Mercy Housing California with support from J.P. Morgan, The Eliza brings 97 new homes to seniors aged 62 and older, with 20 of those homes set aside for seniors who were formerly homeless. Here, “affordable” means rents are tied to what residents can actually pay so that a home stays within reach rather than consuming a household’s entire budget.

“As housing costs continue to rise across California, far too many older adults living on fixed incomes face the heartbreaking risk of displacement or homelessness, often for the first time later in life,” said Tiffany Bohee, President of Mercy Housing California. “Here, seniors can age in place independently, access onsite services tailored to their needs, and find a community where they can truly feel at home. Thanks to the commitment of partners like JPMorganChase, we’re helping ensure Oakland remains a place where seniors of all incomes can age with dignity, stability, and belonging.”

“We’re proud of the far-reaching impact this project will have. It reflects Mercy Housing California’s mission to uplift our communities and expands the supply of high-quality, affordable homes,” said James Vossoughi, Community Development Banking, J.P. Morgan. “Every additional housing unit matters—and increasing the number that are affordable is critical.”

A broader commitment to Oakland’s future

While The Eliza is foundational, the vibrancy of a community depends on much more. In Oakland, the firm provides banking services to more than 675,000 customers and works across sectors to expand economic opportunity. Over the last five years, JPMorganChase has invested $35 million in local nonprofit organizations, supported 61,600 small business clients and delivered financial health education to thousands of residents to broaden access to banking, financial health resources, homeownership and other wealth building tools.

“As we work with local stakeholders to expand housing options, JPMorganChase’s goal is to create inclusive economic opportunity for all,” said Dan Schrauth, Managing Director, J.P. Morgan Private Bank and Chair, Bay Area Market Leadership Team, JPMorganChase. “When our communities thrive, we all thrive.”

The journey to close the affordable housing gap continues, with industry leaders like Mercy Housing, Inc. finding a path forward to bring real solutions to the Oakland community.

Locally and nationally, this project reflects JPMorganChase’s American Dream Initiative, a commitment to scaling local housing solutions across the country—learn more at www.jpmorganchase.com/America.

You can also read more about what’s happening in the Bay Area at https://www.jpmorganchase.com/communities/sf-bay-area.

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Business

Gov. Newsom Announces $109.6 Million in Funding for 278 Supportive Homes in Bakersfield, Contra Costa, Sacramento and Fresno

POST NEWS GROUP — “Every Californian deserves a safe place to call home, particularly the veterans who bravely served our country,” said Newsom in a statement on July 23. “California voters approved Proposition 1 because they know we must do more to address homelessness and behavioral health challenges.”

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Last week, Gov. Gavin Newsom announced $109.6 million in Proposition 1 funding to create 278 permanent supportive homes in Bakersfield, Contra Costa County, Sacramento and Fresno, including 103 homes reserved for veterans experiencing or at risk of homelessness.

The funding, awarded through California’s Homekey+ program, is intended to expand permanent supportive housing and behavioral health services for veterans and other Californians experiencing or at risk of homelessness. State officials said the investment advances Proposition 1, the voter-approved measure aimed at increasing housing, treatment and support services for people with behavioral health needs.

“Every Californian deserves a safe place to call home, particularly the veterans who bravely served our country,” said Newsom in a statement on July 23. “California voters approved Proposition 1 because they know we must do more to address homelessness and behavioral health challenges.”

The largest award, nearly $32.6 million, will help the City of Fresno and Parkway Prime LLC convert an interim housing project into 84 permanent supportive homes at Parkway Terrace, including nine units reserved for veterans. The City of Sacramento and Urban Capital LLC will receive nearly $31.9 million to develop the Rio Linda Senior Housing Project, which will include 100 homes, 49 of them reserved for veterans.

Contra Costa County and Satellite Affordable Housing Associates will receive $28.8 million to develop an 82-unit senior housing community, with 62 units designated for people experiencing or at risk of homelessness who have behavioral health challenges, including 30 units for veterans. In Bakersfield, Community Action Partnership of Kern will receive nearly $14.1 million to convert a 38-room motel into 30 permanent supportive homes, with 15 units reserved for veterans.

State officials also announced an additional $2.3 million for three previously awarded Homekey+ projects in Olivehurst, Sanger and Stockton, primarily to support operating costs and increase veteran housing.

Since its launch, Homekey+ has awarded $968.4 million to 54 permanent supportive housing projects expected to create 2,749 affordable homes statewide, including 723 homes reserved for veterans. Officials said Proposition 1 is expected to expand California’s behavioral health system by funding additional supportive housing, treatment facilities and services for people experiencing homelessness and behavioral health challenges.

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Business

100 Black Wings’ Team Oakland Youth Athletes Heading to Taiwan for 2026 International Children’s Games

By Post Staff The  Bay Area Chapter of 100 Black Men  is sending nine youth athletes from its  100 Black Wings’  Team Oakland Delegation to Taiwan on Thursday, July 30, to represent the City of Oakland at the  58th International Children’s

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The delegation going to the International Children’s Games in Taiwan includes (from left) Dewayne Littlepage, Gia Goodlow, Abisewolu Redmond, Mahari Moore, Marvin Thomas, Najae Ellison, Royal Moore, Sir.Kamryn Lloyd, and Jasani Highsmith. The delegation’s coaching leadership includes Head Coach Dr. Tommie Smith, Senior Coach Margaret Dixon, Girls Coach Evangela Dixon, Strength and Conditioning Coach Nola Turnage, and Boys Coach Michael Flood, Jr. Photo courtesy of 100 Black Men of the Bay Area.

By Post Staff

The Bay Area Chapter of 100 Black Men is sending nine youth athletes from its 100 Black Wings’ Team Oakland Delegation to Taiwan on Thursday, July 30, to represent the City of Oakland at the 58th International Children’s Games (IGC) in Hualien County, Taiwan.

The Games will bring together young athletes ages 12 to 15 from 76 city delegations around the world. The opening ceremony is scheduled for Aug. 2, and athletic competitions take place Aug. 3-5.

While many international competitions center around national teams, the ICG brings young people together as representatives of their respective cities. This year’s theme – “Shining Hualien, Shining Together!” – reflects the host city’s vision of using sports, education, culture, and tourism to promote friendship, peace, inclusion, and sustainable development.

“Team Oakland’s participation demonstrates what can happen when young people are given opportunity, preparation, and a community that believes in them,” said Danny L. Williams, chairman of 100 Black Men of the Bay Area, Inc. 

“These athletes will carry Oakland’s talent, strength, and spirit onto an international stage while building relationships that can extend far beyond the competition,” he said.

Team Oakland will compete in track and field events including the 100-meter and 400-meter races, hurdles, long jump, shot put, javelin, and traditional and mixed 4×100-meter relays.

The athletes representing Oakland are: DeWayne Littlepage, Gia Goodlow, Abisewolu Redmond, Mahari Moore, Marvin Thomas, Najae Ellison, Royal Moore, Sir Kamryn Lloyd, and Jasani Highsmith.

The delegation’s coaching leadership includes Head Coach Dr. Tommie Smith, the

1968 Olympic gold medalist in the 200-meter sprint; Senior Coach Margaret Dixon;

Girls Coach Evangela Dixon; Strength and Conditioning Coach Nola Turnage;

and Boys Coach Michael Flood, Jr.

Delegation leadership also includes Williams, Head of Delegation Juanita Metters-Upshur, and city representative Dr. Mark Alexander. 

“Our athletes have trained with tremendous discipline, but this journey represents much more than competition,” said Metters-Upshur, head of delegation.  “They will have the opportunity to travel internationally, proudly represent Oakland, experience another culture, and form friendships with young people from communities across the world.  We are incredibly proud of them and grateful to the families, coaches, partners, and supporters who have helped make this experience possible.”

In addition to track and field, the games will feature swimming, tennis, table tennis, Taekwondo, archery, football, and 3×3 basketball. Hualien County is located between Taiwan’s Central Mountain Range and the Pacific Ocean and hosts the International Children’s Games for the first time this year.

The International Children’s Games were founded in 1968 by Slovenian coach Metod Klemenc, based on the belief that sports can bridge differences in culture, religion, and race. 

The ICG is approved by the International Olympic Committee and emphasizes friendship, fair play, teamwork, perseverance, and cultural understanding among young people.

The Oakland delegation’s participation reflects the 100 Black Wings’ programmatic commitment to developing young people through athletic achievement, discipline, leadership, cultural exposure, and global citizenship.  

Team Oakland is supported by a network of families, coaches, community partners, and advocates who believe that international experiences can expand how young people view themselves and their possibilities.

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