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Economy

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

Activism

Inheriting the Mantle: Who Will Carry the Legacy of John George?

Black political representation in Oakland and Berkeley was spurred by the Black Panther Party’s political organizing which began with the support of Shirley Chisholm’s bid for president in 1972 and an effort to elect Bobby Seale as mayor and Elaine Brown to City Council.  

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John George became the first African American to hold the District 5 seat on the Alameda County Board of Supervisors. He was followed by Warren Widener and then Keith Carson who decided not to seek re-election in December 2023. File, Facebook and campaign photos respectively.
John George became the first African American to hold the District 5 seat on the Alameda County Board of Supervisors. He was followed by Warren Widener and then Keith Carson who decided not to seek re-election in December 2023. File, Facebook and campaign photos respectively.

By LV McElhaney

This Black History Month, voters in Alameda County will be deciding which of eight candidates will succeed Supervisor Keith Carson in the District 5 race. Long considered a civil rights seat, this may be the first time in 30 years that there won’t be a Black leader at the helm since John George became the first African American elected to the Board of Supervisors in 1976.

Black political representation in Oakland and Berkeley was spurred by the Black Panther Party’s political organizing which began with the support of Shirley Chisholm’s bid for president in 1972 and an effort to elect Bobby Seale as mayor and Elaine Brown to City Council.

Before helping George, a young Black attorney who had sued Oakland over voter disenfranchisement and to create district elections, win a seat at the all-white Republican Board of Supervisors, the Panther organization was instrumental in electing Oakland’s first Black mayor, Lionel Wilson to office in 1977.

George was succeeded by another African American, Warren Widener, who served three terms from 1989 – 1992.  Widener also broke the color barrier when he became the first Black mayor in Berkeley. Widener would become a pioneer in what would become the affordable housing sector when he developed a program to build military housing on vacant land owned by the government working with his classmate, retired Navy Rear Adm. Robert Toney. That program produced more than 3,500 housing units throughout the San Francisco Bay Area and became a model for the nation.

When he sought a third term on the Board of Supervisors, Widener was defeated by newcomer, Keith Carson, a young mentee of Ron Dellums, who was viewed as more progressive than Widener.  During his 30 years in office, Supervisor Carson was known as a steady leader who sought to build an inclusive and accessible government.

He created AC Impact, a program that provides permanent supportive housing and services to chronically homeless adults in Alameda County and was instrumental in funding community-based organizations to deliver services for people returning home from prison.

Carson, who was set to run unopposed, decided in December not to seek reelection to the Board of Supervisors.  The decision shocked many in the African American community who are concerned that Black leadership is under pressure from neo-progressives and social democrats who pursue policies that threaten Black land and business ownership.

Among the eight competing to succeed Carson are two Black men, Berkeley Councilmember Ben Bartlett, and former Oakland School Board member Greg Hodge.  This diverse district includes the cities of Albany, Berkeley, Emeryville, Piedmont, and large portions of Oakland, namely the West Oakland, North Oakland, Rockridge, and Montclair neighborhoods, as well as portions of the Dimond, Bella Vista, and San Antonio districts.

Also running are Emeryville Councilmember Jon Bauters, Oakland Councilmember Nikki Fortunato-Bas, and social worker Ken Berrick, who previously served on the Alameda County Board of Education.

L.V. McElhaney served two-terms on the Oakland City Council and was the first Black woman to serve as Oakland Council President. She championed the establishment of the Department of Violence Prevention to channel investments into community-led solutions to eradicate gun-related violence and violence against women and children. LV. Holds a BA in Political Science from UC Berkeley and PhD from Mills College.

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Activism

PRESS ROOM: Oakland Pic Hosts New Year’s Career & Resource Expo 

OPIC CEO Pastor Raymond Lankford expressed his enthusiasm for the event, stating: “This Career Fair is not merely a gathering of employers and prospective employees; it’s a platform for opportunity, growth, and community collaboration. We are thrilled to bridge the gap between Oakland’s talented residents and the employers who recognize their potential. Together, we are building a stronger Oakland.” 

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Connecting Employers and Talent in Oakland and Beyond 

OAKLAND, CA – Oakland Private Industry Council, Inc., is hosting the New Year’s Career & resource Expo on Thursday, February 8, 2024, at 12 noon at the Oakland Coliseum – Eastside Club – 7000 Coliseum Way, Oakland CA 94621.

This exciting event brings together over 70 employers, all seeking to hire Oakland residents with various skill levels to fill a wide range of employment opportunities. Additionally, a collaborative of resource agencies will be in attendance, providing further assistance to job seekers.

OPIC CEO Pastor Raymond Lankford expressed his enthusiasm for the event, stating: “This Career Fair is not merely a gathering of employers and prospective employees; it’s a platform for opportunity, growth, and community collaboration. We are thrilled to bridge the gap between Oakland’s talented residents and the employers who recognize their potential. Together, we are building a stronger Oakland.”

For more information or to request media access, please contact Yawo Tekpa at yawot@oaklandpic.org.

OAKLAND PIC HOSTS NEW YEAR’S CAREER & RESOURCE EXPO 

  • Who:             All job seekers, with all ages and experiences welcome
  • What:              Connecting Employers and Talent in the Community
  • When: Thursday, February 8, 2024 at 12 noon
  • Where: Oakland Coliseum – Eastside Club – 7000 Coliseum Way, Oakland CA 94621.

OPIC INVITES YOUR ORGANIZATION TO PARTICIPATE IN OUR UPCOMING NEW YEAR’S CAREER & RESOURCE EXPO!!!

Dear Esteemed Employer & Community Organization Partner,

Oakland Private Industry Council, Inc. (OPIC) is excited to wish you a warm welcome into 2024! A new year, a new HOPE!!!

We enthusiastically invite your organization to participate in our NEW YEAR CAREER & RESOURCE EXPO at the OAKLAND COLISEUM!!!

DATE: THURSDAY, FEBRUARY 8, 2024

TIME: 12:00 NOON – 3:00 P.M.

LOCATION: OAKLAND COLISEUM – EAST SIDE CLUB

ADDRESS: 7000 COLISEUM WAY, OAKLAND CA 94621

Participating Employer & and Community Resource Partners will receive one six-foot table and two (2) chairs for this event. Additional information, including event details and logistics, will be forwarded after you sign-up.

Please confirm your attendance by completing the online registration link below by JANUARY 31, 2024 at the latest.

https://docs.google.com/forms/d/1bfv0LXBexc26AeE_cosSoQrpYrx2HXOIwn1bG47chwU/edit

Thanks to our invaluable network and partnership, we are giving HOPE to many community members through quality employment opportunities and supportive resources.

If you have questions, don’t hesitate to contact Yawo Tekpa, Assistant One-Stop Operator/Events Coordinator, at (510) 419-0392 office/ (510) 499-6657 cell.

Sincerely,

Raymond Lankford                Yawo S. Tekpa,

CEO                           Assistant One-Stop Operator/Events Coordinator

raymondl@oaklandpic.org                   yawot@oaklandpic.org

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Business

California African American Chamber of Commerce to Host 2 Economic Summit in Los Angeles

Another discussion will be a Mayor’s Roundtable, featuring African American mayors from Northern, Central, and Southern California. Regional perspectives on African American participation in the California economy will be shared by these panelists as well as challenges and opportunities for businesses in their respective cities. Deborah Robertson, Mayor of Rialto, will be the roundtable’s moderator.

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Another discussion will be a Mayor’s Roundtable, featuring African American mayors from Northern, Central, and Southern California. Regional perspectives on African American participation in the California economy will be shared by these panelists as well as challenges and opportunities for businesses in their respective cities. Deborah Robertson, Mayor of Rialto, will be the roundtable’s moderator.
The California African American Chamber of Commerce (CAACC) and California African American Action Fund (CAAAF) will hold their 2nd Annual State of California African American Economy Summit in L.A. on Jan. 24 and Jan 25. The Summit will be held at the Westin Los Angeles Airport located at 5400 W. Century Blvd, Los Angeles, CA 90045. The Conference is designed to discuss specific economic topics as well as provide opportunities for business owners, entrepreneurs, advocates and other guests to connect, learn, and grow.

By California Black Media

The California African American Chamber of Commerce (CAACC) and California African American Action Fund (CAAAF) will hold their 2nd Annual State of California African American Economy Summit in L.A. on Jan. 24 and Jan 25.

The Summit will be held at the Westin Los Angeles Airport located at 5400 W. Century Blvd, Los Angeles, CA 90045.

The Conference is designed to discuss specific economic topics as well as provide opportunities for business owners, entrepreneurs, advocates and other guests to connect, learn, and grow.

Speakers at the summit will include Dr. Julianne Malveaux (Economist), Dr. Anthony Samad (Executive Director Mervyn Dymally Institute), and Tara Lynn Gray (Director of The California Office of Small Business Advocate – CalOSBA), among others. They will also participate in the State of California Economy Panel.

Another discussion will be a Mayor’s Roundtable, featuring African American mayors from Northern, Central, and Southern California. Regional perspectives on African American participation in the California economy will be shared by these panelists as well as challenges and opportunities for businesses in their respective cities. Deborah Robertson, Mayor of Rialto, will be the roundtable’s moderator.

CAACC Chairman Timothy Alan Simon Esq. will host a fireside chat with keynote speaker Janice Bryant-Howroyd. Bryant-Howroyd is the founder and chief executive officer of Los Angeles-based The ActOne Group, the largest privately held, minority-woman-owned personnel company founded in the United States.

Vaughn M. Williams III, Principal Supplier Diversity Advisor for SoCalGas Company will be the moderator for Business Matchmaking, a session that facilitates networking among business owners across sectors.

For more information on the summit, call (800) 791-7068.

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