OneUnited Bank, with offices in California, Florida and Massachusetts, is the premier bank for urban communities. Its mission is to provide affordable financial services to support economic development in urban communities and to maintain superior financial performance to maximize shareholder value. As the first Black online bank and the first Black interstate bank in the country, OneUnited Bank unites urban communities to share ideas, technology and management resources to better meet the banking needs of inner city communities.
Teri Williams, President and Chief Operating Officer of OneUnited Bank, penned an Op-Ed on why the #BankBlack Movement and the MDI community at large, is generating significant benefits for minority & LMI community nationwide.
Leveraging the power of social media, OneUnited Bank hosted a Q&A session with President & Chief Operation Officer Teri Williams and Trabian Shorters, the founder & CEO of the BMe Community. Click here to watch the recorded Facebook Live video.
The rallying cry emerged after a summer that saw the nation, once again, engaged in discussions about race, policing, and inequality. Instead of just taking to the streets after the deaths of black men at the hands of police and the subsequent murder of officers, protesters were urged — through hashtags like #bankblack and #blackdollarsmatter — to deposit $100 each into black-owned banks. And for Boston-based OneUnited Bank, the nation’s largest black-owned bank, the impact of the “Bank Black” movement was almost immediate. The bank, which has struggled in recent years, added more than $10 million in deposits in less than a month, said Teri Williams, the bank’s president.