OneUnited Bank Press Releases

Media Contact:
Suzan McDowell
Circle of One Marketing
305-576-3790
[email protected]

Press Release Archive

OneUnited Bank Offers New First Time Home Buyers Program July, 2012 | [ PDF ]
OneUnited Bank Launches New Economy Boost Programs and National Ad Campaign May, 2012 | [ PDF ]
OneUnited Bank Sponsors 2nd Annual I Got Bank! Essay Contest to Promote Financial Literacy for Youth February, 2012 | [ PDF ]
OneUnited Bank Receives $500,000 Bank Enterprise Award and Launches The Economy Boost Program December, 2011 | [ PDF ]
Teri Williams, Author of I Got Bank, President and Chief Operating Officer of OneUnited Bank, Signs Her Book and Gives Away 50 Books at A Nubian Notion Bookstore
November, 2011 | [ PDF ]
Teri Williams, Author of I Got Bank, Signs and Exchanges Her Book at the OneUnited Compton Branch in California September, 2011 | [ PDF ]
Teri Williams, President and Chief Operating Office of OneUnited Bank, Signs Her Book and Gives Away 100 Books at the Grove Hall Branch in Dorchester
September, 2011 | [ PDF ]
OneUnited Bank Announces Financial Literacy Essay Contest Winners August, 2011 | [ PDF ]
OneUnited Bank Receives $285,000 Bank Enterprise Award From The U.S. Department Of Treasury In Recognition Of Its Community Development Lending
June, 2011 | [ PDF ]
OneUnited Bank's Financial Literacy for Youth Reaches Milestones, Partners with Operation Hope, Jump$tart Coalition and ALERTA May 16, 2011 | [ PDF ]
Chairman & CEO Kevin Cohee Announces New Directors for OneUnited Bank April 28, 2011 | [ PDF ]
OneUnited Bank President Teri Williams to Appear on WCVB-TV's CityLine Sunday, February 20 at Noon February 18, 2011 | [ PDF ]
OneUnited Bank Announces New Home Loans Programs For Urban Communities February 8, 2010 | [ PDF ]
OneUnited Bank Launches OneCommunity Employee Volunteer Program with the Goal of 1,000 Volunteer Hours April 14, 2009 | [ PDF ]
OneUnited Bank Unity Gold E-Savings Account Endorsed By BlackElectorate.com Black Bank Initiative July 23, 2008 | [ PDF ]
OneUnited Bank Launches Summer School: Free Financial Literacy Workshops July 9, 2008 | [ PDF ]
OneUnited Bank Cited By Money Magazine For Its High Rate Internet Savings Account January 22, 2008 | [ PDF ]
Cooper Elected Chairman of NBA October 25, 2007 | [ PDF ]
OneUnited Bank Launches New Ad Campaign Highlighting Women August 13, 2007 | [ PDF ]
Black-Owned OneUnited Bank Opens New Location in Heart of Boston's Black Community May 30, 2007 | [ PDF ]
OneUnited Bank CEO Kevin Cohee receives Recycling Black Dollars' 2006 Distinguished President's Award November 16, 2006 | [ PDF ]
Rodrick Kemp Promoted to Business Development Officer at OneUnited Bank November 1, 2006 | [ PDF ]
Sheri Brewer Promoted to Chief Retail Officer/Senior VP at OneUnited Bank September 18, 2006 | [ PDF ]
OneUnited Bank Announces Winners of the "Covenant Celebration and Conversation Weekend" Held in Partnership With the Covenant Tour
August 23, 2006 | [ PDF ]
U.S. Department of Treasury Recognizes OneUnited Bank for Outstanding Lending Practices in Community Development August 10, 2006 | [ PDF ]
OneUnited Bank Appoints Teri Williams President July 11, 2006 | [ PDF ]
OneUnited Bank Announces Sponsors National "Covenant With Black America" Tour As It Hits Philadelphia, The City of Brotherly Love May 8, 2006 | [ PDF ]
OneUnited Bank Announces National Sponsorship of "Covenant With Black America" Tour to with Tavis Smiley April 17, 2006 | [ PDF ]
OneUnited Bank Brings National "Covenant With Black America" Tour to South Florida March 31, 2006 | [ PDF ]
OneUnited Bank, First Black-Owned Internet Bank, Increases Internet Savings Rate to 4.25% APY, Highest In Nation March 16, 2006 | [ PDF ]
OneUnited Strives to Make History On the Web February 26, 2006 | [ PDF ]
OneUnited Bank Becomes First Black-Owned Internet Bank in America February 21, 2006 | [ PDF ]
OneUnited Bank Financed New Commercial Development in Grove Hall, Boston January 23, 2005 | [ PDF ]
OneUnited Bank Announces New Mortgage Program And Advertising Campaign Targeting Urban Communities September 27, 2005 | [ PDF ]
OneUnited Bank Completes Largest Debt Offering By African-American Bank To African-American Developer May 2, 2005 | [ PDF ]

OneUnited Bank, Fintech Pioneer, Announces $10 Million Deposit by Biogen to Support #BankBlack Movement

Bank chosen for cutting-edge technology and leading the way to close racial wealth gap

Boston – September 3, 2020 – OneUnited Bank, the largest Black-owned bank in America, today announced that Biogen Inc. (Nasdaq: BIIB), a global biotechnology company, is investing $10 million to support the cutting-edge fintech’s focus on Black economic empowerment. The $10 million deposit signals an increase in corporate support for Black businesses.

“Unapologetically Black” OneUnited Bank stands out in a field of financial institutions as the leader of the #BankBlack Movement, a national economic phenomenon where the Black community is moving its money from traditional banks to Black-owned banks. OneUnited Bank, the nation’s first Black internet bank, has long understood that the future of banking belongs to technology, and has focused on building a state-of-the-art online and mobile banking platform. With this sizable deposit and support, Biogen leads by example, understanding that national corporate support for Black-owned businesses is good for America.

“OneUnited has the important role of helping finance growth. We are proud to do our part to support families and businesses on their financial journey, especially during these difficult economic times,” says Mike Dambach, Vice President, Treasury at Biogen.

“Economic empowerment is critical if we want to actually address systemic racism and inequity,” says Chirfi Guindo, Executive Vice President, Global Product Strategy & Commercialization at Biogen. “For Biogen, this deposit is one of many ways we’re delivering on our enhanced Diversity, Equity and Inclusion strategy. But for OneUnited’s customers, this deposit could mean allowing them to pursue their dreams or strengthening underrepresented minority businesses.”

Since the social unrest that broke out across the country, the Bank’s “part progress, part protest” message has become a national clarion call for Black America to focus closing the racial wealth gap and creating generational wealth. Since May 2020 interest in OneUnited has increased 100%, with the Bank attracting over 50,000 new customers and over $50 million in deposits. During these tough economic times, Black America has turned to OneUnited as influencers in the field of economic social activism and a way to gain better control and organization of the $1.2 trillion in Black annual spending.

“OneUnited Bank actively supports social justice movements including #BlackLivesMatter, #TakeAKnee, the #1619Project and the incredibly successful #BlackOutDay2020,” says Kevin Cohee, Chairman and CEO of OneUnited Bank. “The Bank has consistently encouraged the Black community to use its considerable financial might more purposefully to send a message that is part protest, part progress.”

Media Inquiries: Suzan McDowell, Circle of One Marketing, [email protected], or by phone at 305-576-3790.

ONEUNITED BANK:
OneUnited Bank is the premier bank for urban communities, the largest Black-owned bank, the first Black internet bank and a Community Development Financial Institution (CDFI). Its mission is to provide affordable financial services to support economic development in urban communities and maintain superior financial performance to maximize shareholder value. OneUnited is an FDIC insured bank and an equal housing lender.

 

###