National
The Country’s Last Black-Owned Banks Are in a Fight for their Survival
Capital Savings Bank, the first bank organized and operated by African Americans, was founded in Washington, D.C., on Oct. 17, 1888. (Library of Congress)
Michael A. Fletcher, THE WASHINGTON POST
(The Washington Post)—Capital Savings Bank opened shop in Washington in 1888, making it the nation’s first black-owned bank at a time when the mere notion of offering financial services to the African American community was a novel idea. Now black-run banks are in a fight for survival, even though many advocates argue that many African Americans remain starved for banking services.
The Federal Deposit Insurance Corp. counted 25 black-owned banks remaining in the country last year, down from 48 in 2001. That decrease came even as the overall number of minority-owned banks increased slightly, going from 164 to 174. In addition, the majority of black-owned banks that remain open are on shaky ground and struggling to hold on in the face of the economic devastation that has ravaged many of their customers. Analysts say 60 percent of black-run banks lost money in 2013.
“I would venture to say that [the vast majority of black banks] are in varying degrees of trouble,” said Darrell Jackson, chief executive and president of Chicago’s Seaway Bank, a black-owned bank celebrating its 50th anniversary.
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Activism
Oakland Post: Week of April 24 – 30, 2024
The printed Weekly Edition of the Oakland Post: Week of April 24 – 30, 2024
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Activism
Oakland Post: Week of April 17 – 23, 2024
The printed Weekly Edition of the Oakland Post: Week of April 17 – 23, 2024
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Barbara Lee
Congresswoman Barbara Lee Issues Statement on Deaths of Humanitarian Aid Volunteers in Gaza
On April 2, a day after an Israeli airstrike erroneously killed seven employees of World Central Kitchen (WCK), a humanitarian organization delivering aid in the Gaza Strip, a statement was release by Rep. Barbara Lee (D-CA-12). “This is a devastating and avoidable tragedy. My prayers go to the families and loved ones of the selfless members of the World Central Kitchen team whose lives were lost,” said Lee.
By California Black Media
On April 2, a day after an Israeli airstrike erroneously killed seven employees of World Central Kitchen (WCK), a humanitarian organization delivering aid in the Gaza Strip, a statement was release by Rep. Barbara Lee (D-CA-12).
“This is a devastating and avoidable tragedy. My prayers go to the families and loved ones of the selfless members of the World Central Kitchen team whose lives were lost,” said Lee.
The same day, it was confirmed by the organization that the humanitarian aid volunteers were killed in a strike carried out by Israel Defense Forces (IDF). Prior to the incident, members of the team had been travelling in two armored vehicles marked with the WCF logo and they had been coordinating their movements with the IDF. The group had successfully delivered 10 tons of humanitarian food in a deconflicted zone when its convoy was struck.
“This is not only an attack against WCK. This is an attack on humanitarian organizations showing up in the direst situations where food is being used as a weapon of war. This is unforgivable,” said Erin Gore, chief executive officer of World Central Kitchen.
The seven victims included a U.S. citizen as well as others from Australia, Poland, the United Kingdom, Canada, and Palestine.
Lee has been a vocal advocate for a ceasefire in Gaza and has supported actions by President Joe Biden to airdrop humanitarian aid in the area.
“Far too many civilians have lost their lives as a result of Benjamin Netanyahu’s reprehensible military offensive. The U.S. must join with our allies and demand an immediate, permanent ceasefire – it’s long overdue,” Lee said.
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Oakland Post: Week of April 24 – 30, 2024
DA Pamela Price Stands by Mom Who Lost Son to Gun Violence in Oakland
Vallejo Welcomes Interim City Manager Beverli Marshall
Vallejo Community Members Appeal Major Use Permit for ELITE Charter School Expansion
State Controller Malia Cohen Keynote Speaker at S.F. Wealth Conference
MAYOR BREED ANNOUNCES $53 MILLION FEDERAL GRANT FOR SAN FRANCISCO’S HOMELESS PROGRAMS
RPAL to Rename Technology Center for Retired Police Captain Arthur Lee Johnson
Richmond Nonprofit YES Nature to Neighborhoods Plans Major Renovation
Richmond Nonprofit Helps Ex-Felons Get Back on Their Feet
Families Flock to New Farmers Market in Marina Bay
BART to Retire Legacy Trains in Public Ceremony April 20
Mind, Body, and Spiritual Well-Being for Women Addressed in NAACP Forum in Oakland
Black Business Summit Focuses on Equity, Access and Data
Asm. Tina McKinnor Elected Chair of L.A. Delegation to Legislature
Anti-Theft Bill with Jail-Time Requirement Gets Wide Ranging Support
Oakland Post: Week of March 20 – 26, 2024
Oakland Post: Week of March 27 – April 2, 2024
COMMENTARY: D.C. Crime Bill Fails to Address Root Causes of Violence and Incarceration
From Raids to Revelations: The Dark Turn in Sean ‘Diddy’ Combs’ Saga
Mayor, City Council President React to May 31 Closing of Birmingham-Southern College
COMMENTARY: Lady Day and The Lights!
Financial Assistance Bill for Descendants of Enslaved Persons to Help Them Purchase, Own, or Maintain a Home
Beloved Actor and Activist Louis Cameron Gossett Jr. Dies at 87
Baltimore’s Key Bridge Struck by Ship, Collapses into Water
Baltimore Key Bridge Catastrophe: A City’s Heartbreak and a Nation’s Alarm
Grassroots Advocates Invited to Step into the World of Child Tax Policymaking
Oakland Post: Week of April 3 – 6, 2024
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AG Bonta Says Oakland School Leaders Should Comply with State Laws to Avoid ‘Disparate Harm’ When Closing or Merging Schools
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Season 4, Episode 38 – Bringing Dreams to Fruition
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