CBCF Makes Historic Investments In Minority Banks

As part of a new campaign to strengthen the economy in Black communities

WASHINGTON, DC–The Congressional Black Caucus Foundation, Inc. (CBCF) will reveal its $ 5 million investment in African-American banking institutions as part of a broader effort to increase the availability of loans for businesses and individuals in African-American communities. CBCF is targeting banks in four regions of the country–the North, South, East and Midwest–in an attempt to achieve geographic balance in an initiative that could prove crucial in lifting the economic fortunes of Black communities. In all, five banks will receive $1 million each.

U.S. Rep. Chaka Fattah (PA), Board Chairman, Congressional Black Caucus Foundation
A. Shuanise Washington, President and CEO, Congressional Black Caucus Foundation
Michael Grant, President, National Bankers Association
B. Doyle Mitchell, Jr., Board Chair, National Bankers Association and President, Industrial Bank
Russell Kashian, PhD, Professor, Department of Economics, University of Wisconsin Whitewater
Ron Busby, Sr., CEO, U.S. Black Chambers, Inc.

WHAT : A PRESS CONFERENCE to discuss CBCF’s record investment in minority banks
WHEN : 12:00pm, Tuesday, Sept. 17, 2013
WHERE : Walter E. Washington Convention Center