The ABA Foundation announced this week that roughly 33,000 bank volunteers from 800 banks have reached more than 1.2 million people through financial education.
Browsing: Financial inclusion
“When we’re able to take banking to them, at a place where they already have trust with their employer, that’s a bridge,” says Jennifer Huffman of Atlantic Union Bank’s workplace banking product. “From there we’re able to grow that relationship.”
Julieann Thurlow, ABA’s 2023-24 chair, unites financial inclusion and financial innovation.
Assets at minority depository institutions grew from $246 billion in 2010 to $329 billion in 2022, with a significant amount of that growth occurring between 2019 and 2021, according to a new report on MDIs by the National Bankers Association Foundation.
For many small business owners, the first step on the credit ladder is the hardest, and they may miss opportunities to build business credit and grow their business while relying on personal credit instead. Jevaughn Sterling talks about Zions Bancorporation’s Small Business Diversity Banking Program.
Sens. Ben Cardin (D-Md.) and Steve Daines (R-Mont.) yesterday introduced the New Markets Tax Credit Extension Act of 2023.
The story of Maggie Lena Walker and her mission to help Black women find financial empowerment and professional career opportunities.
“We’re a small bank, and it gets more expensive all the time to run a small community bank,” says Andy Anderson, president and CEO of Bank of Anguilla in Anguilla, Mississippi. “As long as we can do this profitably and remain in our community, that’s what we want to do.”
ABA today released “DEI Foundations: Practices to Accelerate Your Bank’s DEI Journey,” a new book by Naomi Mercer, ABA’s senior vice president of diversity, equity and inclusion, which details ways banks and other businesses can expand and enhance their diversity, equity and inclusion initiatives.
Anderson announced the launch of a new book by ABA SVP Naomi Mercer: “DEI Foundation: Practices for Accelerating Your Bank’s DEI Journey.”