Congressional Black Caucus Invests In Black Banks

CBCF MAKES HISTORIC INVESTMENT IN MINORITY BANKS

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

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. Black Chambers Press Release)