A new Black-owned financial institution could emerge west of Texas! The investment group Redemption Holding Co. (RHC), led by former White House Policy Advisor Ashley D. Bell, wants to acquire Holladay Bank & Trust in Holladay, UT, per an outlet. If approved, the Utah financial institution will be renamed Redemption Bank and become the only Minority Depository Institution west of Texas. "All of us require a bank to operate, and the reality was there was no Black-owned bank that we could sit on top of to operate with the way we're currently constructed," Bell told The Sacramento Observer. Alongside Bell will be Dr. Bernice A. King, the youngest child of the late Dr. Martin Luther King Jr. and Coretta Scott King. Per The Wall Street Journal, she will join the bank's advisory board and serve as the senior vice president for impact banking. Read more here ➡️ https://lnkd.in/g5FdWJSy #AFROTECH #Investmentbanking #Banking #BlackOwnedBank
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The last bank George Norcross' family backed - Philly's Republic - went under; state prosecutors want to try him and his brother over a Camden development deal. But NJ’s Norcross family keeps investing: a family trust has pumped over $50M into PA’s Mid Penn Bancorp, to help it grow in the Philly suburbs, after hiring a Norcross heir fresh out of Drexel B-school as their Philly private banker. CEO Rory Retrievi explains, in my story: https://lnkd.in/eXM8vqs4
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Atlanta Wealth Building Initiative (AWBI) is now Kindred Futures! We maintain our mission of investing in Black wealth solution providers–now, across the U.S. and Global South. This transition is more than a new name and logo. Learn more about us www.kindredfutures.org #wearekindredfutures #economicjustice #Blackwealth
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Broadway Bank's SVP & Community Reinvestment Manager, Jacob Cavazos, shares his biggest secret on building financial strength. His advice? Get to know your banker. They can be your greatest resource and partner when it comes to building a strong financial foundation. Watch the full video and learn how Broadway Bank can help you achieve your financial goals at every stage of life. #BroadwayBank #FinancialLiteracy #ExpertsYouCanTrust
Financial Tips with Broadway Bank: Getting to know your banker can be your greatest resource.
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Staying flexible and close to the neighborhood is key – even in crisis. 🏘️ Recently, Jim Wehner shared the history behind the Rotational Capital Fund (RCF), which was born out of the financial crisis of 2008. When banks begin to fail, a wave of foreclosures hit South Atlanta neighbors. Soon, 170 of 530 homes in the neighborhood were vacant - a 32% vacancy rate. In response, FCS huddled with neighbors, the FCS board and friends to see what action could be taken. The result was the RCF. 15+ years and more than 100 homes later, the RCF still drives our mixed-income housing in neighborhoods on the Southside of Atlanta. Thanks to partnerships and adaptability, a crisis gave FCS an approach that actually works even better than what we were using before. Holding onto this kind of example is at the heart of sustainably reversing the forces of inequity that plague our places. We must remain flexible and ready to try new things when they don’t work anymore, even if it feels daunting. For a deep dive on the RCF, visit https://lnkd.in/gmKChXe7
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How to Build Generational Wealth: Learn from the Rockefeller Family's Strategy Discover the secrets behind the Rockefeller family's success in building generational wealth. Explore the mechanisms and trust structures they put in place to protect and replenish their money. Get practical tips on how you can start building your own legacy and wealth. #GenerationalWealth #RockefellerFamily #LegacyBuilding #WealthStrategies #TrustStructures #FinancialSuccess #MoneyManagement #FinancialFreedom #LegacyCreation #FamilyWealth #thefutureisblack
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We know how much effort you’ve put into building your wealth—the late nights, the hustle, and the strategic savings. Your dedication deserves to be rewarded. At Blackhawk Capital Partners, we’re here to give you back your time. Let us help you grow and protect your personal economy, so you can focus on what matters most. #PersonalEconomy #WealthManagement
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We know how much effort you’ve put into building your wealth—the late nights, the hustle, and the strategic savings. Your dedication deserves to be rewarded. At Blackhawk Capital Partners, we’re here to give you back your time. Let us help you grow and protect your personal economy, so you can focus on what matters most. #PersonalEconomy #WealthManagement
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We know how much effort you’ve put into building your wealth—the late nights, the hustle, and the strategic savings. Your dedication deserves to be rewarded. At Blackhawk Capital Partners, we’re here to give you back your time. Let us help you grow and protect your personal economy, so you can focus on what matters most. #PersonalEconomy #WealthManagement
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MO Bankers be sure to find Larry Wood & Travis Holdman at the Annual Convention to learn about exciting updates in tax-advantaged investment strategies for community banks! #mobankers #solartaxcredit #communitybanks #investments
The Missouri Bankers Association's 134th Annual Convention begins today in Branson. KeyState's Travis Holdman and Larry Wood couldn't be more excited to attend this year. Ask them about KeyState's legacy and newer services for community bankers! #themissouribanker #mobankers
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