Chicago will deposit $20 million into Illinois Service Federal Savings and Loan Association, the city's last Black-owned bank.

Cross Post Now, Nation

Learn more about community banks, and how to find one that is dedicated to improving life in your own neighborhood.

Cross Post Now, Nation, NewsOne Now

In 1987 there were 91 African American owned banks in America. Today there are only 24. Many Black financial institutions are struggling to stay afloat in the face of the recession and have to contend with fierce competition for customers in areas that they once dominated in. One of the nation’s largest Black financial institutions, […]