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3 Ways Minority-Owned Banks Make a Difference in America - Business - Pine Bluff Commercial

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3 Ways Minority-Owned Banks Make a Difference in America

3 Ways Minority-Owned Banks Make a Difference in America
December 11, 2020 4:25 PM
Spencer Tierney
Posted:
Updated:
Getty Images
One type of bank plays an outsized role in creating more economic opportunity for people of color.
From a Black leadership perspective, a bank is more than “a place where someone can drop off a deposit or get a loan,” says Kevin Cohee, CEO and chairman of OneUnited Bank, one of the biggest Black-owned banks in the U.S. “That’s just the beginning.”
OneUnited Bank’s first loan in the Paycheck Protection Program, part of the federal response to the COVID-19 pandemic, “was to a single mother of seven who drove for Uber,” Cohee says. ....

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