Black Banks getting a boat load of depositors!
Thanks to an urgent call to action by Atlanta-based Singer Usher along with Rapper Killer Mike and TI who held a Town Hall meeting on July 8, 2016, urging African Americans to do business with Black Banks has caused bank deposits to a surge in Black-owned banks around the country! This call to action came as a result of the high-profile police killings.
In support of Citizens Trust Bank Killer Mike noted: “Bank small, bank local, bank black,” he said. “Gone are the days of most banks knowing their account holders. I can walk in here and voice my concerns, my complaints — or my compliments — to a live person. I know the staff here, they know me. I know my dollar counts. We are quick to say what we don’t have but here is a Black institution, 95 years strong and poised to grow, that is supporting the community. If we could get one million black people to come in and open one bank account with 100 dollars, in one weekend, that’s 100 million dollars. This is how we make Black history.”
Citizens Trust Bank with branches in Atlanta; Columbus, Georgia; Birmingham, Alabama; and Eutaw, Alabama has received about 8,000 new applications for depositors in recent days. Minimum deposits are $100.
Cynthia Day, president and CEO of Citizens Trust Bank, thanked Killer Mike on social media “for his call-to-action.” She commended him saying, “Together, we can change the conversation.”
Citizens Trust Bank, located in Atlanta, Georgia, Columbus, a, Birmingham, Ala., and Eutaw, Ala. received approximately 8,000 new depositors
Harbor Bank, located in Baltimore, Maryland is also noted to have increased applications.