These Black-Owned Banks Just Received Millions To Help Serve Underbanked Communities

By Jasmine Browley ·Updated February 4, 2024

Just 16% of Americans are considered to be “underbanked,” but 27% of Black people are underbanked. This refers to their lack of savings or checking accounts and dependency on predatory payday lenders, and currency exchanges for their money services.

KeyBank is aiming

Kimberly Wilson
Author: Kimberly Wilson