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Black-Owned Banks Have a Long, Critical History in the Black Community – NBC New York

“Customers are now thinking about, ‘Okay, how do I support the ecosystem of my own community?’” Pugh said. “Well, when talking about economic empowerment, it first has to start with our own financial choices and things we that we decide in terms of how we spend our dollars or [where we] place our dollars.” Some Black consumers, like Tennille Patterson, have taken it a step further. The New York resident not only plans to bank Black, she contributed to the growth of banks like Carver in another meaningful equitable way: by purchasing stock. “It made sense to me because it was part of my plan, like, buy some stock and then later go and open an account,” Patterson said. “I felt like at least I was doing something by having a stock and contributing to [Carver’s] growth that way.”

Black-Owned Banks Have a Long, Critical History in the Black Community – NBC Connecticut

“Customers are now thinking about, ‘Okay, how do I support the ecosystem of my own community?’” Pugh said. “Well, when talking about economic empowerment, it first has to start with our own financial choices and things we that we decide in terms of how we spend our dollars or [where we] place our dollars.” Some Black consumers, like Tennille Patterson, have taken it a step further. The New York resident not only plans to bank Black, she contributed to the growth of banks like Carver in another meaningful equitable way: by purchasing stock. “It made sense to me because it was part of my plan, like, buy some stock and then later go and open an account,” Patterson said. “I felt like at least I was doing something by having a stock and contributing to [Carver’s] growth that way.”

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