AFROTECH’s Post

This is an excellent article on how Wall Street funded slavery, how that wealth was maintained and the need for reparations: https://lnkd.in/eccJkDi6

Redemption Holding Company, a Black-led investment group, is planning to acquire Utah-based Holladay Bank & Trust. If the acquisition goes through, the bank would become not only Black-owned, but also the only Minority Depository Institution (MDI) west of Texas. The goal is to partner with other MDIs and create a full-service banking platform that serves consumers and business owners, offering lending products like mortgages and loans. Bell believes the state is favorable as far as bank regulations go, making it an ideal location. This acquisition could change the game for Black fintechs, such as Ready Life, that require banks to operate, but there aren't many Black-owned banks available. Redemption Bank’s target is working-class Black Americans. They want to work with those looking for access to credit to grow their businesses and create jobs in their communities. What are your views on this acquisition? Read the full story by Bria Overs from Word in Black at dallasweekly.com #Iamdw #blackpress #BlackBanking #MinorityDepositoryInstitutions #RedemptionHoldingCompany #BusinessBanking

Staying flexible and close to the neighborhood is key – even in crisis. 🏘️ Recently, Jim Wehner shared the history behind the Rotational Capital Fund (RCF), which was born out of the financial crisis of 2008. When banks begin to fail, a wave of foreclosures hit South Atlanta neighbors. Soon, 170 of 530 homes in the neighborhood were vacant - a 32% vacancy rate. In response, FCS huddled with neighbors, the FCS board and friends to see what action could be taken. The result was the RCF. 15+ years and more than 100 homes later, the RCF still drives our mixed-income housing in neighborhoods on the Southside of Atlanta. Thanks to partnerships and adaptability, a crisis gave FCS an approach that actually works even better than what we were using before. Holding onto this kind of example is at the heart of sustainably reversing the forces of inequity that plague our places. We must remain flexible and ready to try new things when they don’t work anymore, even if it feels daunting. For a deep dive on the RCF, visit https://lnkd.in/gmKChXe7

In this episode of Financial Life Cycles hosted by Her Wealth by Colony, The Colony Group's Kristina Kadeli Saunders, CIMA®, CFP®, Senior Portfolio Manager, speaks with Christine Crigler, CFP®, CPWA®, Wealth Advisor, who shares her insights on setting yourself up for success as you enter the workforce and begin your professional journey. Watch the full video here: https://lnkd.in/eg5itR7N #Yourwealth #professionaldevelopment #financialliteracy #professionaljourney #careersuccess #financialeducation #womenandwealth #herwealth

How to Build Generational Wealth: Learn from the Rockefeller Family's Strategy Discover the secrets behind the Rockefeller family's success in building generational wealth. Explore the mechanisms and trust structures they put in place to protect and replenish their money. Get practical tips on how you can start building your own legacy and wealth. #GenerationalWealth #RockefellerFamily #LegacyBuilding #WealthStrategies #TrustStructures #FinancialSuccess #MoneyManagement #FinancialFreedom #LegacyCreation #FamilyWealth #thefutureisblack

Broadway Bank's SVP & Community Reinvestment Manager, Jacob Cavazos, shares his biggest secret on building financial strength. His advice? Get to know your banker. They can be your greatest resource and partner when it comes to building a strong financial foundation. Watch the full video and learn how Broadway Bank can help you achieve your financial goals at every stage of life. #BroadwayBank #FinancialLiteracy #ExpertsYouCanTrust

We know how much effort you’ve put into building your wealth—the late nights, the hustle, and the strategic savings. Your dedication deserves to be rewarded. At Blackhawk Capital Partners, we’re here to give you back your time. Let us help you grow and protect your personal economy, so you can focus on what matters most. #PersonalEconomy #WealthManagement

We know how much effort you’ve put into building your wealth—the late nights, the hustle, and the strategic savings. Your dedication deserves to be rewarded. At Blackhawk Capital Partners, we’re here to give you back your time. Let us help you grow and protect your personal economy, so you can focus on what matters most. #PersonalEconomy #WealthManagement

The first step to financial freedom is to understand your money! #OwnIt

We know how much effort you’ve put into building your wealth—the late nights, the hustle, and the strategic savings. Your dedication deserves to be rewarded. At Blackhawk Capital Partners, we’re here to give you back your time. Let us help you grow and protect your personal economy, so you can focus on what matters most. #PersonalEconomy #WealthManagement