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Showing posts with the label Carver Bancorp in New York and M&F Bancorp in Durham

Black Bank Survey

We are conducting a customer satisfaction survey on Black Banks To participate, see:  https://www.surveymonkey.com/r/YQZXZY7 Questions include: 1. How frequently do you utilize Black-owned Banks? 2. What is your overall satisfaction level when dealing with Black-owned banks? (5 starts - highest). 3. Have you had success in getting  loans, etc. from Black-owned Banks? 4. Are/were you worried about the financial stability of Black-owned banks? 5 .   Do you believe that Black-owned banks prioritize your needs? For a list of Black banks, see: https://www.minoritybank.com/research/blackbanks.html See: The country’s last black-owned banks are in a fight for their survival. https://www.washingtonpost.com/news/wonk/wp/2015/02/13/the-countrys-last-black-owned-banks-are-in-a-fight-for-their-survival/ 2011 - Crisis - The Current State of #BlackBanks  https://www.prlog.org/11541435-crisis-the-current-state-of-black-banking.html  2016 - Creative Investment released an analysis

Is capital haul too much of a good thing for Black-run banks? By John Reosti, American Banker Newspaper, June 24, 2020

An effort encouraging investors to buy stock in Black-run banks could create new challenges for the leaders of those companies. The Buying Black movement, which took root last week, led to sharp increases in the shares of companies such as Broadway Financial in Los Angeles, Carver Bancorp in New York and M&F Bancorp in Durham, N.C. An influx of new investors could increase pressure to improve shareholder returns, while any strategic effort designed to generate higher profits could also draw a backlash. At the same time, markets are fickle — most shares in Black-run banks have fallen significantly in recent days as some existing shareholders cashed out. Indeed, Broadway's biggest investor — who had been pushing for the company's sale — abruptly sold all of its stock after the value of its holdings soared. Leaders of Black-run banks contend that what they need more than capital is more partnerships with bigger banks to extend their reach to underserved custo