Two Black-Led Banks Merge to Form Nation’s Largest Black-Controlled Bank - L.A. Focus Newspaper

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Two Black-Led Banks Merge to Form Nation’s Largest Black-Controlled Bank - L.A. Focus Newspaper

Staff Broadway Federal Bank, a Los Angeles-based commercial lender, will combine with City First Bank in Washington, D.C. to form a $1 billion lender and the largest Black-led bank in the U.S. Both Broadway and City First are Community Development Financial Institutions (CDFI), which are lenders that focus on low- and moderate-income areas and generally […]

The post Two Black-Led Banks Merge to Form Nation’s Largest Black-Controlled Bank appeared first on L.A. Focus Newspaper.

Source: La Focus Newspaper

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