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Industrial Bank, D.C.'s Last African American-owned Bank, Receives $1M Investment
The last remaining African American-owned bank in the Washington area got a boost last month when it received $1 million from the Congressional Black Caucus Foundation.
The foundation purchased $1 million worth of certificates of deposit from Industrial Bank as part of a new initiative to help make loans more readily available to underbanked communities and minority-owned business.
Read the whole story at www.washingtonpost.com
http://www.washingtonpost.com/business/capitalbusiness/industrial-bank-dcs-last-african-american-owned-bank-receives-1m-investment/2013/10/04/de5ab232-27bc-11e3-b3e9-d97fb087acd6_story.html