Showing posts with the label CFBanc Corporation

The largest Black-Led (but not Black-owned) bank in the U.S.

Black-Owned Broadway Financial Corporation and “Black-Led” CFBanc Corporation announced a merger of equals that may lead to the creation of the largest Black-led (but not Black-owned) bank in the U.S. The resulting institution will have more than $1 billion in combined assets and approximately $850 million in total depository institution assets (as of June 30, 2020). (Also see: BLACK BANKS MERGE TO CREATE NATION’S FIRST BLACK-LED BANK WITH OVER $1 BILLION IN ASSETS. Black-Owned Banks in LA, DC Announce Merger. Merger of two Black-led banks aims to help break a painful cycle ) Broadway is one of the best Black banking institutions in the US, based on their longevity and positive impact on Bl