2020 C.E.

American $100 bills

A merger creates the world’s first Black-owned bank with more than $1 billion in assets

The first Black-owned bank to reach $1 billion in assets has been created, due to the merger of City First Bank of D.C. in Washington and Los Angeles-based Broadway Federal Bank. The newly created lender will focus on housing, small businesses, and nonprofits.

A merger creates the world’s first Black-owned bank with more than $1 billion in assets Read more