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Black-run bank channels capital infusion into digital upgrades

Black-run bank channels capital infusion into digital upgrades
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Banks redouble efforts to aid Black-owned businesses

Several large and midsize banks are investing millions of dollars in Black-run banks, while four community banks have started a fund to make interest-free commercial loans in underserved communities. ....

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JPMorgan Chase creates investment product for Black-owned banks

The product a special class of shares in JPMorgan's Empower money market fund will initially be distributed by the Harbor Bank of Maryland, Liberty Bank & Trust, M&F Bank and Unity National Bank, according to a statement. ....

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