The largest Black bank in the U.S. has proudly announced it has achieved a milestone of 100,000 customers after a resurgence of the Black Lives Matter movement and a focus on racial equality.
OneUnited Bank credited the rise of social justice and activism after the election of President Donald Trump and its technology platform for the growth.
In 2016, the deaths of Philando Castile and Alton Sterling led Michael Render, otherwise known as the rapper Killer Mike, to urge Black Americans to put their money in a Black-owned bank, which spawned the #BankBlack movement. The 2020 deaths of George Floyd and Breonna Taylor earlier this year led to a resurgence in that movement and more than 10,000 new customers to open accounts at OneUnited.
“Our customer base continues to grow rapidly, and we have expanded access and now have over 100,000 locations to better meet their needs. Importantly, we’re on our way to fulfilling Black America’s long-held dream of organizing our spending power to create social and economic equality in our society,” Teri Williams, president & COO of OneUnited Bank said in a statement.
To accommodate the bank’s rapid growth, OneUnited has announced the expansion…