Celebrities Like Usher And Jermaine Dupri Take Their Millions To Black Owned Banks

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With so much racism and ungrateful behavior going on towards African Americans, it’s time we take a stand and unite as one.

Beyonce’s ‘Formation’ video seemed to have awakened many Negro people, that ignores or simply don’t care. However, certain powerful black people are getting into Formation by pulling their hard earned money out of big corporation banks and transferring it to black owned banks. This will definitely get their attention, if not anything else. Sometimes you have to show folks that you mean business, literally.
There are a total of 21 African American banks for us to choose from and make a difference.

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These 21 banks have total assets of approximately $4.7 billion dollars. This is a measly 0.43 percent of the $1.1 trillion dollars of annual spending power of the African American community. That’s right, we have over a trillion dollars in spending annually, but only keep $4.7 billion dollars of this in Black Owned Banks.

Here is the full list of those banks below:

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ALAMERICA BANK

 

Location: Birmingham, Alabama

 

Founded: January 28, 2000

 

FDIC Region: Atlanta

 

Assets: $35 404 000

 

BROADWAY FEDERAL BANK FSB

 

Location: Los Angeles, California

 

Founded: February 26, 1947

 

FDIC Region: San Francisco

 

Assets: $385 055 000

 

CAPITAL CITY BANK & TRUST COMPANY

 

Location: Atlanta, Georgia

 

Founded: October 3, 1994

 

FDIC Region: Atlanta

 

Assets: $294 572 000

 

CARVER STATE BANK

 

Location: Savannah, Georgia

 

Founded: January 1, 1927

 

FDIC Region: Atlanta

 

Assets: $41 573 000

 

CITIZENS TRUST BANK

 

Location: Atlanta, Georgia

 

Founded: June 18, 1921

 

FDIC Region: Atlanta

 

Assets: $392 286 000

 

CITY NB OF NEW JERSEY

 

Location: Newark, New Jersey

 

Founded: June 11, 1973

 

FDIC Region: New York

 

Assets: $340 301 000

 

COMMONWEALTH NATIONAL BANK

 

Location: Mobile, Alabama

 

Founded: February 19, 1976

 

FDIC Region: Atlanta

 

Assets: $63 244 000

 

COVENANT BANK

 

Location: Chicago, Illinois

 

Founded: June 20, 1977

 

FDIC Region: Chicago

 

Assets: $59 842 000

 

FIRST INDEPENDENCE BANK

 

Location: Detroit, Michigan

 

Founded: May 14, 1970

 

FDIC Region: Chicago

 

Assets: $215 924 000

 

FIRST STATE BANK

 

Location: Danville, Virginia

 

Founded: September 08, 1919

 

FDIC Region: Atlanta

 

Assets: $38 882 000

 

FIRST TUSKEGEE BANK

 

Location:Tuskegee, Alabama

 

Founded: October 11, 1991

 

FDIC Region: Atlanta

 

Assets: $63 127 000

 

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HIGHLAND COMMUNITY BANK

 

Location: Chicago, Illinois

 

Founded: November 09, 1970

 

FDIC Region: Chicago

 

Assets: $84 948 000

 

ILLINOIS SERVICE FEDERAL SAVINGS & LOAN

 

Location: Chicago, Illinois

 

Founded: January 01, 1934

 

FDIC Region: Chicago

 

Assets: $140 148 000

 

INDUSTRIAL BANK

 

Location: Washington, DC

 

Founded: August 18, 1934

 

FDIC Region: New York

 

Assets: $342 524 000

 

LIBERTY BANK & TRUST COMPANY

 

Location: New Orleans, Louisiana

 

Founded: November 16, 1972

 

FDIC Region: Dallas

 

Assets: $545 019 000

 

MECHANICS & FARMERS BANK

 

Location: Durham, North Carolina

 

Founded: March 01, 1908

 

FDIC Region: Atlanta

 

Assets: $304 809 000

 

NORTH MILWAUKEE STATE BANK

 

Location: Milwaukee, Wisconsin

 

Founded: February 12, 1971

 

FDIC Region: Chicago

 

Assets: $91 490 000

 

ONEUNITED BANK

 

Location: Boston, Massachusetts

 

Founded: August 02, 1982

 

FDIC Region: New York

 

Assets: $590 624 000

 

SEAWAY BANK & TRUST COMPANY

 

Location: Chicago, Illinois

 

Founded: January 02, 1965

 

FDIC Region: Chicago

 

Assets: $573 168 000

 

UNITED BANK OF PHILADELPHIA

 

Location: Philadelphia, Pennsylvania

 

Founded: March 23, 1992

 

FDIC Region: New York

 

Assets: $67 930 000

 

UNITY NB OF HOUSTON

 

Location: Houston, Texas

 

Founded: August 01, 1985

 

FDIC Region: Dallas

 

Assets: $68 125 000

 

Source: FDIC

 

Source: http://hbcumoney.com/2013/03/01/2013s-african-american-owned-bank-directory/

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Wendell Pierce Built 75 Homes For His Community

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Native of New Orleans actor and activist Wendell Pierce talks about how insurance companies discouraged poor and black families from returning to New Orleans after Katrina by refusing to honor homeowner policies. Pierce, whose great-grandfather came to New Orleans as a slave in the 1800s, talks about how Allstate gave his parents just $400 after they paid premiums for 50 years. Pierce also writes about his family in his new book, “The Wind in the Reeds: A Storm, a Play, and the City That Would Not Be Broken.”

In 2005, when Katrina shockingly destroyed his old neighborhood, he returned to Pontchartrain Park to revitalize the neighborhood and has built 75 new homes and plans on doubling that number.

WENDELL PIERCE: “I remember the greatest crime that ever happened, I think, was 10 years ago, when none of the large insurance companies honored the homeowner policies. My parents paid Allstate for 50 years, when they moved into Pontchartrain Park in 1955 up to the day we evacuated, and we’re still paying after the flood, because my mother said it can burn down at any time. And for those 50 years of premiums, they received $400. They said, “That’s all we’re going to pay.” There was a lawsuit, a class-action lawsuit, years later that everyone participated in to try to get some sort of mediation, and we lost the class-action suit. So, all of those insurance companies that sold insurance to my parents for years, saying that “You will be made whole. Have some flood insurance, and along with your homeowners’ insurance, when you put them together, you will be made whole,” they only gave them $400 after 50 years of paying premiums.”

“It is the African-American aesthetic: in spite of the challenge, in spite of the oppression, I will survive. And that’s on display in New Orleans, and that’s the reason 10 years after the fact, we are back to where we are.”

Source: BET.com

Lottery Winner Slain In Home Robbery

A Georgia forklift operator was shot to death in a home invasion Thursday just months after winning a almost half-million-dollar lottery jackpot.

Burch struck gold on November 29, 2015 when he hit the lottery. The hardworking young man did not flaunt his earnings in a boastful way, instead he is said to have helped the community.

Craigory Burch Jr., 20, died from gunshot wounds on Stubbs Avenue in Fitzgerald, a local NBC News affiliate reported.

Investigators said Burch’s girlfriend was inside the home at the time and immediately ran for help.

No arrests have been made as of yet. 

Burch had just won a $434,272 Fantasy 5 jackpot in November. His friends said he had recently used some of his winnings to buy Christmas presents for people in need, NBC reported.

 

Come Again? Sam Smith Accused Of Racist Remarks

Sam Smith screams ”Black C*nt!!” at someone outside Freedom Bar London according to a concert goer.

This is appalling to say the least. I’m really not sure what is going on these days but it seems as if things are going backwards.

Truthfully we would love to think the world has changed for the better but each day when we turn on the news or scroll through social media, someone new is caught up in racial scandals.

We like to look up to these celebrities as role models, although they tend to disappoint us more often than not. Racism is a refuge for the ignorant in the world , it seeks to divide and to destroy, it is the enemy of freedom, it should be stamped out permanently.

Sam Smith is a great artist but if the accusations of the monstrous comments made by him are true, we feel sorry for him.

Here are a few tweets from the singer where it seems like he is attempting to justify his foolish behavior without detailing the events that took place:

Tragic!

Masika Kalysha Opens Up To US Weekly About Pregnancy Drama With Fetty Wap

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The drama continues with Masika and former lover, rapper Fetty Wap. These two Just can’t seem to get it together and come to some type if understanding.

I have always been extremely private in love and in life so it’s odd to comprehend how these stars air out all of their dirty laundry. In a way, I get it to a certain degree. I say this because, in Hollywood, nothing is really a secret, however, you have to give credit to couples who know how to limit the public from knowing every single detail. Stars like Will and Jada Smith and Jay Z and wife Beyonce, we will never be able to examine every spec of their lives. Those couples are notoriously private, as they should be.

Masika Kalysha sat down to discuss the triangular Love affair with Fetty Wap, that took a sudden detour to motherhood. Interview below:

Love & Hip Hop: Hollywood alum Masika Kalysha is expecting a baby girl, the reality star and R&B singer reveals to Us Weekly exclusively. On December 11, Fetty Wap’s ex-girlfriend, 30, announced in an Instagram post that she was six months along with her first child, then named the rapper as the father on Power 106’s The Cruz Show the same day.

Fetty, however, has publicly denied he’s the dad. In an interview with The Shade Room on January 6, the rapper, 24, downplayed their relationship, which included collaborating on her single “Andale,” now available through Empire Distribution. He also suggested that Kalysha singled him out because of his fame. “I wasn’t just no random dude in the club. You know what I’m saying’? She knew I was gon’ be there,” he said. “Congratulations to her and whoever is the [father].”

Read more:

http://www.usmagazine.com/celebrity-moms/news/masika-kalysha-i-asked-fetty-wap-seven-times-for-paternity-test-w161624

Mos Def Arrested In South Africa: 14 Days To Relocate

Come on dude! 🚔🚨👮🏽👎🏽 #mosdef #hiphop #southafrica

A post shared by Michelle Madden (@madd_skill) on

According to USA Today,According to a spokesman for the South African Department of Home Affairs, rapper Mos Def, who now goes by the name Yasiin Bey, was arrested at Cape Town International Airport for trying to leave the country on an illegal ‘World Passport’ document.

The rapper and his family has been given 14 days to relocate allegedly.

What’s even more confusing about this entire ordeal is, Yasiin is an American citizen, so why on earth would they not allow him back into the States?

The accusations are not adding up and his arrest seems bogus. Good luck to our brother, Mos Def.

Time and time again, we attempt to block out all ignorant discriminatory behavior either by different races, countries, governments and religions but it’s there.

Read more:

http://www.usatoday.com/videos/life/people/2016/01/15/78856198/