Why isn't your savings account in a black bank?

[MarcMan]

My investment banker friend who attempted to open a black owned bank a few years ago and failed horribly. Those dudes lost millions trying to get a black bank off the ground in predominantly black cities.

I don't just post shyt for daps or for the sake of argument.

Interesting. Does your IB friend have any research or slide decks he would be willing share? Surely after spending millions on a venture and it not taking it off they should have some stuff it wouldn't hurt to show (I mean, they're not in business). I'd be interested to see their conclusions for why they failed.

 

[AlwaysLurkin]

I use to bank with Consolidated bank until I got older...my parents still use them tho.Its literally like 1 location now cause they closed down 2 others.

 

[Piff Perkins]

Not enough nationally to justify putting major money in one but I did place around 300-400 in one last year. First time ever.