A man enters Citizens Trust Bank during the Black Transfer Challenge, hosted by HBCU Wall Street and Bank Black organizations. The rapper arrived at the branch of Citizens Trust Bank without an entourage and spent 45 minutes shaking hands. Martin Luther King Jr. exhorted black Americans to reject violence and harness their collective economic might to strengthen black banks. But black banks, like all banks, are ultimately in the business of making money. ‘Organized money is power’To survive, black banks must expand beyond their historic base in the African American community.

Source: Washington Post March 31, 2017 22:44 UTC