Black History

Wells Fargo Makes Major Investment in Six Black-Owned Banks

NNPA NEWSWIRE — Wells Fargo said it is also supporting each MDI’s development through a banking relationship in the form of a single touchpoint coverage model that will help them access Wells Fargo’s expertise and pursue strategic priorities like entering new markets, expanding locations, designing new products, and hiring staff to support loan growth.

Published

5 years ago

February 26, 2021

Stacy M. Brown

Based in Los Angeles, Broadway Federal Bank is one of the several minority depository institutions that Wells Fargo is investing in.

https://www.youtube.com/watch?v=7QXW4lJa46s

Related Topics:$50 million in Black-owned banks banking giant banking industry banking relationship barriers to raising significant capital Bill Daley Black History Month Broadway Federal Bank Carver Federal Savings Bank central point of connectivity Citizens Savings Bank & Trust Columbia S.C.Commonwealth National Bank community development efforts Corporate & Investment Banking day-to-day relationship coverage designing new products digital transformation Durham N.C.entering new markets equity investments expand lending and deposit-taking capacity expanding locations financial education financial health of communities gaps in banking services Gigi Dixon hiring staff leveraging Wells Fargo’s consumer footprint (ATM/branch access)loan origination partnerships)los ángeles low- to middle-income communities M&F Bank March 2020 pledge mentorship MobilE Ala.Nashville New York NNPA Newswire non-voting positions Optus Bank single touchpoint coverage model six African American minority depository institutions (MDIs)Stacy M. Brown support loan growth technology solutions unbanked Wells Fargo Wells Fargo’s Diverse Segments Representation & Inclusion group Wells Fargo’s expertise

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Stacy M. Brown

A Little About Me: I'm the co-author of Blind Faith: The Miraculous Journey of Lula Hardaway and her son, Stevie Wonder (Simon & Schuster) and Michael Jackson: The Man Behind The Mask, An Insider's Account of the King of Pop (Select Books Publishing, Inc.) My work can often be found in the Washington Informer, Baltimore Times, Philadelphia Tribune, Pocono Record, the New York Post, and Black Press USA.

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Wells Fargo Makes Major Investment in Six Black-Owned Banks

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Wells Fargo Makes Major Investment in Six Black-Owned Banks

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Wells Fargo Makes Major Investment in Six Black-Owned Banks

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