WELLS FARGO INVESTS $50 MILLION IN 6 BLACK-OWNED BANKS

Citizens Savings Bank & Trust, in Nashville, Tennessee
Commonwealth National Bank, in Mobile, Alabama
Broadway Federal Bank, in Los Angeles, California
Carver Federal Savings Bank, in New York, New York
Optus Bank in Columbia, South Carolina
Mechanics and Farmers Bank, North Carolina

https://www.pymnts.com/news/banking/2021/wells-fargo-invests-in-six-black-owned-banks-to-
boost-equality/

https://spectrumlocalnews.com/nc/charlotte/news/2021/02/12/wells-fargo-pledges-to-invest-in-black-owned-banks-in-the-carolinas

https://www.thestate.com/news/business/article249146470.html

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4 replies (most recent on top)

$50M is small potatos - a pittance.
And 6 'established' banks - permitted to exist by the prior potato dividers.
NEW WF inner-city community-managed banks - 6 new ones - $600Million commitment.

It's not liens you buy into - it's LOANS.

@ fqh+19pew4mz who says there are enough qualified? Who says any from those 6 banks would choose to apply?

D&I is the Affirmative Action of 2021. As long as you’re not white you’re guaranteed a job. To h3ll if you’re qualified, YOU’RE HIRED!!!!!!

Wells Fargo is discrimination, favoritism, s-xist and racist. Quit the D&I equity social promotions and programs what a load of c-aps political rhetorics theatrical performances. What ever happens to the merit-based system and respect for person's ingenuity? Has Wells Fargo CEO and people in charge forgotten how to run the business of a bank? This is why this country and Wells Fargo is lost under id–ts and cowards.

There are six black-owned banks to invest in but not enough black banking talent to hire at Wells xD.

Seriously this is like "separate but equal".

Thread regarding Wells Fargo & Co. layoffs

WELLS FARGO INVESTS $50 MILLION IN 6 BLACK-OWNED BANKS

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