In 2016, OneUnited Bank, the nation’s largest Black-owned bank and first Black internet bank, spearheaded the national #BankBlack Challenge. The ongoing campaign seeks to galvanize Black Americans and their allies to move their accounts to Black-owned financial institutions.
“The movement’s leaders were saying to divest from larger banks because they’re less likely to support people like us,” Dallas-based banking professional Stephone Coward II, 36, says. “So, my cofounders and I came together to research ways to support and uplift Black-owned banks and credit unions.”
Combining his industry expertise with a deep understanding of and connection to his African American heritage and community, Coward launched BankBlackUSA. He partnered with Atlanta entrepreneur, Robert Herring III, 38; Yale lecturer and entrepreneur, Justin Moore, 40, in New York City; and several others in Detroit to start the initiative in 2016.
Think of the Black Wall Street of yesterday where our people had everything they needed and everything they were interested in at their fingertips. A place where we can build up and support our people in many different ways. UALE.COM connects the businesses, the interests, the culture that is all us…by us. These are the perfect times! The time is NOW!