Minority-owned banks are working to get the word out. “Support Your Own,” is the tagline the National Bankers Association is promoting to attract more minority consumers to deposit their money and withdrawals with minority banks.
The association, made up of a collection of African-American, Hispanic-American, Asian-American and Native-American-owned banks, hopes its efforts will warrant a bigger slice of the trillions in minority disposable income.
“This recession has created not a moment in time, but a movement in time. Community economic development will only come with an intelligent and targeted approach to managing money,” said Warren Ballentine, a popular syndicated talk show host. “By investing their money in the minority banks in their own communities, consumers will begin to see how to make capitalism work in their favor.”