FORBES: How The First Black-Owned Bank With $1 Billion In Assets Can Close The Racial Wealth Gap

The first Black-owned bank to reach $1 billion in assets has been created, due to the merger of City First Bank of D.C. in Washington and Los Angeles-based Broadway Federal Bank. Both banks had been working on this deal for a year and the newly created lender will focus on housing, small businesses, and nonprofits.

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