Roland Martin
@rolandsmartin·1.9M subscribers·31.6K videos
Should We Be Satisfied? Wells Fargo Commits Up To $50M Investment To Help Support 6 Black Banks
Posted
February 11, 2021
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11:28Now PlayingWells Fargo is following through with a pledge it made last year to invest up to 50 million dollars in six Black owned banks. The banks include Broadway Federal Bank, Carver Federal Savings Bank, Citizens Savings Bank and Trust, Commonwealth National Bank, M & F Bank and Optus Bank.
As part of the investment, the banks will also have access to Wells Fargo's team for financial and technological development in order to help each bank grow and benefit.
Bill Daley, vice chairman of Public Affairs at Wells Fargo stated "these investments are designed to help the banks become stronger and more impactful to the minority communities they serve, which leads to economic revitalization and job opportunities."
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