Billion Dollar Black Owned Bank Merger

FTC: This post is not sponsored and I am not a financial advisor. All thoughts and weird opinions are my own.

There is a big exciting thing happening in the Black personal finance world and I am more than happy to present that info for you right here, right now ! In the video below, I go into full detail on the specifics of the huge billion dollar Black owned bank merger. This is a first, and the largest merger the Black finance world has ever seen. 

So what are thee deets and what does this mean for everyone involved? Back in 2001 there were 48 Black owned banks in existence. As of 2019, we are down to 21 Black owned banks. Why did this happen? Black owned banks face several challenges, most specifically gaining capital. Without steady capital gain, Black owned banks are not able to fully serve their communities. That is why this Black owned bank merger is so crucial and unprecedented. 

By coming together with 1 billion dollars in assets, the Black owned bank merger will focus on 3 main things to continue to grow their capital. In a time when Black wealth is often unattainable due to systemic and institutionalized racism, this merger is crucial to helping build generational wealth and financial freedom. 

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The merger is scheduled to take place in the first three quarter of 2021 between January and March. I for one am very excited about this merger. What are your thoughts and will you be investing your money once it is up and running?

Bllion Dollar Black Owned Bank Merger

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Until next time,