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Celebrating Financial Literacy Month: Lendistry CEO Everett Sands Pioneers with Scientific Brilliance

NNPA NEWSWIRE — Lendistry CEO Everett K. Sands is motivated to do more than just get the word out; “One of the things that’s been part of my career is thinking about access to capital as skill and thinking about access to capital that for underserved communities. I think about it in three different ways. I think about it as Product, a process and a policy question, and those are the three things that I am typically working on.”
The post Celebrating Financial Literacy Month: Lendistry CEO Everett Sands Pioneers with Scientific Brilliance first appeared on BlackPressUSA.

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By Kenneth Miller, Inglewood Today

“Bringing the gifts that my ancestors gave,

I am the dream and the hope of the slave.

I rise”—I Rise (last verse) Maya Angelou

Everett K. Sands, the Chief Executive Officer of Lendistry, life began as a small child with a brain that imagined a lot of what ifs.

What if his grandfather had the money to keep his tailor shop open? What if his parents did not start college at Howard University in Washington, DC when they were older?

And so, when a young Everett set off on a path to solve complicated financial puzzles that drive most people crazy, it tuned his competitive mind similar to the way a Michael Jordan or a LeBron James trained their body to become the greatest basketball players in history.

The wisdom he accumulated would lead this son of a doctor to earn a scholarship to a prestigious boarding school in the Washington DC area where he met the heir twin granddaughters of the Walmart Family, the richest family in America. The by chance meeting was enough for him to realize that he belonged.

His mother prayed for him to become a trailblazer and while he admitted that he does sometimes think about what causes him to think the way he does, he has not fully embraced pioneer status.

On Zoom, he sat isolated on a multicolored striped couch, wearing a purple polo with Lendistry stitched across his heart and a white Nike check on the left sleeve, expanding on how he became arguably one of the most impactful men in finance and lending for 58 minutes.

His laser eyes adjusted the computer for better concentration and his mind races to perfect his illustration of the next question.

Where does the foundation of Everett K. Sands begin?

“I don’t think there is a single thing. Like anybody else. We are all a series of events. The way I best describe it which is probably not perfect, but is what’s in my mind. I grew up as a kid with a lot of what ifs. I have parents that went to Howard, but they went late. They went to undergrad on time and went to graduate school kind of late. But you see your parents go late and you say oh that’s interesting, and then we drive past buildings and my mom would say that was your grandfather’s shop. The question is why isn’t it the shop now. And then you start to kind of just put the pieces together.”

He started to assemble the puzzle when he attended that boarding school and met really affluent people which also included the Walton granddaughters with whom he had a casual acquaintance.

They came to school in a limo, Sands did not show up in a limousine. When his friend asked if he knew who the twins were, he did not. He wasn’t poor, but certainly not as wealthy as his classmates. It didn’t take long for him to discover their grandfather is the founder of Walmart.

Sands got close enough to the twins to ask questions and discovered their grandfather got a loan for $30,000, but his grandfather did not gain access to capital and theirs did.

“I then started to put the pieces together. My parents went to school late because the money wasn’t there. We don’t have that building anymore because something happened with the business. Those moments and thoughts led me to ponder what if they had the access to capital?”

Sands contemplated what if he was there and what could he have done, his competitive juices flowing.

Lendistry, which he founded in 2015, is a byproduct of Sands looking at every business as if it was his grandfather’s, and it didn’t matter whether you were Black or white.

“I am a scientist by nature. I grew up Premed, my dad’s a doctor and so in science what you learn is A B testing. You learn how to look at a problem with multiple solutions because most scientist are trying to discover a cure for something, but I brought that into lending and that’s my process policy conversation,” he elaborated

Sands genius is a rare combination of renown scientist George Washington Carver and historical financier Maggie Lena Walker who was the first Black woman to establish and serve as president of a bank in the United States in 1903.

“I am a scientist and I am an individual who is extremely competitive and when you push all three of those together and you have me focus on underserved and undercapitalized communities that’s what you get. You get this guy that’s extremely determined to figure it out.” he said.

From the boarding school, Sands went on to University of Pennsylvania where he served as a board member for the Penn Institute for Urban Research and the Center for Strategic Economic Studies and Institutional Development.

While at Penn he met a mentor who tasked him to create a mortgage company. He was the person who did all of the research and did all of the things to figure it out. Although he and his mentor went their separate ways, Sands joined forces with a fraternity brother and the two of them developed one of the top 10 mortgage companies in America. Eventually, they earned a board seat on the first Black-owned bank in Maryland, Ideal Federal Savings.

That’s was at just 26-years of age and the two frat brothers have remained business partners since 1999.

The Ideal Federal Savings experience sparked something in him. He understood financing and subsequently sold the mortgage company and went to another Black bank as a leader.

“Those two experiences of sitting on the board of the bank are real life experiences that teach you things you don’t learn at Penn.”

By the time he went to Wells Fargo he was like an outlier because he could do almost everything.

“I ended up becoming the top one percent at Wells in terms of revenue and you name the stat from profitability which matters most to all of the other stuff.”

Although he was in the top one percent, he was just a token. Nonetheless what he managed to obtain levels of knowledge at Wells that he could not at the community bank.

The light bulb went on when he was introduced Corresponding banking which is the group that lends money to community banks.

He defined National Financial Literacy Month by merely prescribing solutions to the community it plagues.

“I think it means a couple of things. How do we think about deploying education and resources out to those who are looking to either expand their future, somewhat get a hold of their future and our lay the foundation,” he stated eloquently.

Sands is motivated to do more than just get the word out; “One of the things that’s been part of my career is thinking about access to capital as skill and thinking about access to capital that for underserved communities. I think about it in three different ways. I think about it as Product, a process and a policy question, and those are the three things that I am typically working on.”

When he thinks about financial literacy as a whole, process is the one that comes up.

“We’ve all said, hey… I wish would have learned more about credit in high school or how to balance my check book when I was a kid. I think where we have a challenge is we don’t always meet the user where they are at. The average kid is spending about two hours on Tic Toc right now, so are we creating a financial literacy that’s on Tic Toc? or, are we saying hey you should read this book? I am not saying there is anything wrong with reading, I am a reader, but I am also saying you have to have multiple ways to reach an audience and you have find ways to reach an audience where they are at.”

Sands admits that there are some structural issues, particularly legislatively, that seems to be stacked against Blacks and minorities.

“I think the first thing we need to look at is, have there been a higher number of Black politicians, and I think the answer to that question is yes. Are we, people on the ground helping them execute. At an eye level it’s about voting, but on a secondary level it’s about having conversations no different than if you were as going to address your neighborhood,” Sands added.

He educates politicians when he meets with them, and ask what the goal is from a legislative stand point and then he shares with them what’s happening from the street to bring about a resolution that benefits both the public servant and the community they serve.

Sands believes reason that Black communities suffer is because we are behind in the steps; “That doesn’t mean you don’t go through the evolution of the steps, that means you’re behind in the race, those are two separate things.”

The first step was to get our voices heard, then to elect officials who served our best interest and now, the responsibility of this generation is execution, which is what Lendistry did during the COVID pandemic.

“When it came time for the pandemic, we raised our hand and said let us be in the ball game of programming so that we could be the deployers of capital.”

That wasn’t easy because Lendistry had to assemble themselves very quickly and do all of the things the government required.

Lendistry became a one of the stars for the SBA during the pandemic, granting loans up to $10 million nationwide, and then because of determination and client focus, Lendistry lent upwards of $8 billion to more than half a million businesses across all 50 states.

Additionally, he was instrumental in the State of California non-profits receiving funding, the only state to do so.

Family is super important for Sands, most of them are here in Southern California but his mother is still in D.C.

“I work hard for them so that they don’t have to work as hard as I have to work,” he concluded.

Sands is very sensitive and protective of his family, especially his twin daughters.

“Like any parent I feel most helpless when they are sick or not feeling well.”

At his core he is a revolutionary teacher who has the uncanny ability to elucidate complicated financial widgets so the everyday consumer can comprehend.

Lendistry has mega clients as Amazon on its roster in addition to the myriad of banks and other financial institutions that relies on their services.

Everett K. Sands is a renaissance man, a revolutionary responsible for billions of dollars, also lives and futures of people like his grandfather.

Paving the way for perhaps another likeminded genius to evolve.

The post Celebrating Financial Literacy Month: Lendistry CEO Everett Sands Pioneers with Scientific Brilliance first appeared on BlackPressUSA.

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High Court Opens Door to Police Accountability

BLACKPRESSUSA NEWSWIRE — The U.S. Supreme Court unanimously rejected a judicial doctrine that for years shielded law enforcement officers from civil liability in police shooting cases by allowing courts to assess force based only on the final moments before an officer pulled the trigger.

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By Stacy M. Brown
Black Press USA Senior National Correspondent

The U.S. Supreme Court unanimously rejected a judicial doctrine that for years shielded law enforcement officers from civil liability in police shooting cases by allowing courts to assess force based only on the final moments before an officer pulled the trigger. In Barnes v. Felix, the high court struck down the Fifth Circuit’s “moment-of-threat” rule, which had been used to justify the 2016 killing of Ashtian Barnes, a Black man shot during a traffic stop outside Houston. Officer Roberto Felix fired two shots into Barnes’s moving car after stepping onto the doorsill. The lower courts determined that only the two seconds before the shooting—when Felix was holding onto the vehicle—mattered in deciding whether the use of deadly force was reasonable. The Supreme Court disagreed. Writing for the unanimous Court, Justice Elena Kagan made clear that determining whether an officer’s use of force is reasonable under the Fourth Amendment requires an analysis of the totality of the circumstances, including all events leading up to the shooting. “A court deciding a use-of-force case cannot review the totality of the circumstances if it has put on chronological blinders,” the Court ruled.

The victim’s mother, Janice Barnes, brought the case under Section 1983, alleging that Felix violated her son’s constitutional rights. The ruling sends the case back to the lower courts for reconsideration under the broader standard set by the Supreme Court. According to the Constitutional Accountability Center (CAC), the Court’s ruling solidifies that police do not have special constitutional status and should be held to the same accountability standards. “The moment-of-threat rule is entirely unsupported by the Constitution’s text and history,” said Nargis Aslami, a fellow at CAC. Chief Counsel Brianne Gorod added, “The Court took a small but important step toward greater accountability for police officers who violate the Fourth Amendment by inflicting unnecessary violence during their encounters with the public.” The ruling comes as data continue to show disproportionate police encounters and violence against Black Americans. A NAACP Criminal Justice Fact Sheet revealed that a Black person is five times more likely than a white person to be stopped without just cause. Black men are twice as likely to be stopped as Black women. Meanwhile, 65% of Black adults say they have felt targeted because of their race.

Each year, between 900 and 1,100 people are shot and killed by police in the United States. Since 2005, at least 98 non-federal law enforcement officers have been arrested for fatal on-duty shootings. Still, only 35 have been convicted—and just three have been convicted of murder with the convictions upheld. Recent data from the Prison Policy Initiative show that while white residents are most likely to initiate contact with police—for reasons like reporting crimes or seeking help—Black, Hispanic, and Asian individuals are more likely to be on the receiving end of police-initiated contact, including street stops, traffic stops, and arrests. Traffic stops, which remain the most common form of police-initiated contact, are also among the most lethal. According to Mapping Police Violence, over 100 police killings occurred during traffic stops in 2023. The Bureau of Justice Statistics reports that 62% of Black people whose most recent police contact in 2022 was initiated by officers were drivers in traffic stops. That compares to 56% to 59% among other racial groups. Black drivers were searched or arrested at a rate of 9%—more than double that of white drivers and significantly higher than Hispanic or Asian drivers. “The Supreme Court’s decision in Barnes v. Felix is crucial not only for police accountability but also for broader constitutional protections,” the North Star Law Group wrote in a post. “If the Court upholds the ‘moment of threat’ standard, it could make it even harder to hold officers accountable for excessive force. However, if it reinforces the ‘totality of circumstances’ standard or adopts a hybrid approach, it could create a fairer system that protects both civilians and responsible police officers.”

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Workplace Inequity Worsens for Black Women

BLACKPRESSUSA NEWSWIRE — Meanwhile, they remain underrepresented in high-wage fields like tech, law, and executive management—even when they hold the degrees and credentials to qualify.

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By Stacy M. Brown
Black Press USA Senior National Correspondent

Black women remain the backbone of the U.S. labor force—working more, earning less, and bearing greater burdens across nearly every sector. Even as the country added 177,000 jobs in April, Black women lost 106,000 positions, the steepest decline of any group. Their unemployment rate jumped to 6.1%, according to the U.S. Bureau of Labor Statistics. But the losses go far deeper than a single month of data. Research shows Black women are not only overrepresented in low-wage industries like care, cleaning, education, and food service—they are also consistently denied advancement and paid significantly less than white male peers, even with the same credentials. In its July 2024 report, the Institute for Women’s Policy Research (IWPR) found Black women working full-time, year-round earned just 69.1 cents for every dollar paid to white men. That figure drops to 49.6 cents in states like Louisiana. “Black women consistently have higher labor force participation rates than other demographics of women,” officials from the National Partnership for Women and Families wrote. Yet those higher participation rates have not translated into pay equity or job security.

The earnings gap grows wider with age. For example, Black women aged 56 to 65 working full-time, year-round, earn just 59.3 cents for every dollar paid to white men in the same age group. Those in leadership roles report disproportionately high dissatisfaction with pay and access to advancement, with 90% of women of color in management saying systemic barriers hinder workplace progress. Additionally, according to a 2022 Health Affairs report, more than one in five Black women in the labor force are in health care—more than any other group. However, nearly two-thirds of them work as licensed practical nurses or aides, and 40% are in long-term care. These roles are among the lowest-paid and highest-risk in the industry, often involving grueling schedules, poor benefits, and unsafe conditions. Beyond health care, the National Employment Law Project found that more than half of Black women work in jobs where they are overrepresented, such as childcare, janitorial work, and food preparation. Meanwhile, they remain underrepresented in high-wage fields like tech, law, and executive management—even when they hold the degrees and credentials to qualify.

In Boston, Charity Wallace, a 37-year-old biotech professional, and Chassity Coston, a 35-year-old middle school principal, both say they’re leaning heavily on community and mental health strategies to cope with workplace challenges. “It’s a constant fight of belonging and really having your girlfriends or your homegirls or my mom and my sister,” Wallace told NBC News. “I complain to them every day about something that’s going on at work. So having that circle of Black women that you can really vent to is important because, again, you cannot let things like this sit. We’ve been silenced for too long.” Limited opportunities for promotion and sponsorship compound the isolation many Black women feel in their workplaces. In 2024, writer Tiffani Lambie described the “invisible struggle for Black women” at work. “The concept of ‘Black Girl Magic’ contributes to the notion that Black women are superheroes,” she wrote. “Although the intent of this movement was to empower and celebrate the uniqueness of Black women, the perception has also put Black women at greater risk of anxiety and depression—conditions that are more chronic and intense in Black women than in others.”

She warned that workplace conditions—marked by fear, lack of support, and erasure—threaten to push more Black women out of leadership and career pipelines. “If left untouched, the number of Black women in leadership and beyond will continue to decline,” Lambie wrote. “It is incumbent on everyone to account for these experiences and create an equitable and safe environment for everyone to succeed.” The Urban Institute recently spoke with a Black woman who transitioned from part-time fast food work to a full-time data entry role after completing a graduate degree. The job offered her better pay, health insurance, and stability. “It gives you a sense of focus and determination,” she said. “Now, I can build my career path.”

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Black Women Decimated by Job Loss in Trump Economy

BLACKPRESSUSA NEWSWIRE — The number of employed Black women dropped from 10.325 million in March to 10.219 million in April. Their unemployment rate jumped from 5.1% to 6.1%, the largest month-to-month increase among all racial and gender groups.

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By Stacy M. Brown
Black Press USA Senior National Correspondent

According to newly released data from the U.S. Bureau of Labor Statistics, black women experienced the steepest job loss of any demographic group in April, shedding 106,000 jobs. The April report shows a significant setback for Black women in the labor market, even as the U.S. economy added 177,000 jobs and the national unemployment rate held steady at 4.2%. The number of employed Black women dropped from 10.325 million in March to 10.219 million in April. Their unemployment rate jumped from 5.1% to 6.1%, the largest month-to-month increase among all racial and gender groups. Among other findings, the labor force participation rate for Black women edged to 61.2%, indicating a loss in employment and a possible decline in overall workforce engagement. The unemployment rate for white women remained unchanged at 3.3%. Hispanic women’s unemployment also held at 4.6%. Women in other groups generally do not face the dual barriers of racial and gender discrimination that Black women contend with, a factor in the jobless rate gap.

The overall Black unemployment rate rose to 6.3% in April, up from 6.2% in March, marking the third straight monthly increase and the highest rate since January. In contrast, Black men saw a gain in employment, dropping their jobless rate from 6.1% to 5.6%. Asian Americans had the lowest unemployment rate in April at 3.0%, while the rate for Hispanic Americans was 5.2% and 3.8% for white Americans. HBCU Money reported that the number of Black women employed is now at a five-month low, while the number of unemployed Black women is at a five-month high. Economist William Michael Cunningham, owner of Creative Investment Research, told BLACK ENTERPRISE that the number of unemployed Black Americans increased by 29,000 in April, reaching nearly 1.4 million. At the same time, the total Black labor force declined by 7,000. “The unusual nature of this increase in Black women’s unemployment is a testament to and a direct result of the anti-DEI and anti-Black focus of the new administration’s policies,” Cunningham said. “This is demonstrably damaging to the Black community, something we have not seen before.”

Cunningham noted that many Black women are searching for jobs but not finding them. He said eliminating diversity, equity, and inclusion roles and cuts in federal government jobs are key contributors. The BLS reported that federal government employment dropped by 9,000 in April and is down 26,000 since January. “For Black women, the numbers show that those seeking work are not finding jobs,” Cunningham said. “The jobs that have traditionally been a path to stability are disappearing.” Nationwide, job growth continued in health care, transportation and warehousing, financial activities, and social assistance. Average hourly earnings increased by six cents to $36.06. The Employment Situation for May is scheduled for release on Friday, June 6.

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