OneUnited Bank Partners with #BLACKMONEYMATTERS L.A. to Empower African-Americans to #BANKBLACK in Response to National Outcry

July 23rd from 2pm-5pm over 1,000 people are expected to attend and move their money

LOS ANGELES, CA – July 18, 2016 – OneUnited Bank, the nation’s largest Black-owned bank, first black internet bank, and FDIC insured, announces it partnership with #BlackMoneyMattersLA to empower the Black community in Los Angeles. The message of #BlackMoneyMattersLA is “one of non-violence, non-vitriol, and responsible action, to mobilize as a people and deposit money into Black-owned banks all across the nation, starting with OneUnited Bank”.

There has been a community awakening following recent tragic events, including a desire by many to do something positive. Many leaders involved in the movement have begun to advocate opening a bank account in a Black-owned bank to show solidarity and empower the community by recycling dollars within the Black community. OneUnited Bank has generated $3 million in deposits from across the country in response to this call to action. Celebrities such as Beyonce, Queen Latifah, Solange, Killer Mike, Jessie Williams, Alicia Keys and more have joined the conversation urging Black Americans to move their money to Black-owned banks.

On Saturday July 23rd, 2016 from 2pm-5pm, OneUnited Bank will partner with #BlackMoneyMattersLA, and other community organizations, to host a first-time account opening event at the OneUnited Bank’s Crenshaw branch (3683 Crenshaw Blvd., Los Angeles, CA 90016). With over 1,000 people expected to attend, the event is planned as a positive and exciting opportunity for Los Angeles’ urban community to participate in the nationwide push to #BankBlack. The event will feature food trucks, free giveaways, a personal meet-and-greet with the owners of OneUnited Bank, Teri Williams and Kevin Cohee, and engaging fellowship around the #blackmoneymatters movement. The ask is just $100 deposited into OneUnited Bank to become a part of the #BlackMoneyMatters movement and an economic shift for Black America. The event is OPEN TO THE PUBLIC!

“It is critical for the Black community to utilize our $1.2 trillion in annual spending power to create jobs and build wealth in our community, states Teri Williams, President & COO of OneUnited Bank. “Put simply, if 1 million people opened a $100 savings account in a Black-owned bank, we would move $100 million!”

OneUnited Bank stands in full support of the #BlackLivesMatter and #BlackMoneyMatters movements with the goal to take control of our humanity and regain economic power in our communities. For 20 years, OneUnited Bank, the nation’s largest Black-owned bank, with assets of $620 million, has been steeped in the financial literacy movement and touted Black economic empowerment. Sadly, Black dollars circulate in the Black community for only 6 hours as compared to 28 days in Asian communities. As the leader in the Black banking industry, OneUnited takes the challenge to strengthen the Black community’s financial future very seriously.  #BankingBlack results in better circulation of Black dollars with Black businesses, creates more jobs for the Black community, provides mortgage and small business loans, educates the urban community on financial literacy, and the power of the Black dollar.

For more information about OneUnited Bank and the July 23rd, 2016 event in Los Angeles, please visit www.oneunited.com/blackmoneymattersla or email [email protected].  Follow us on Facebook: www.facebook.com/oneunitedbank ; Twitter: @oneunited #BANKBLACK

MEDIA CONTACT: Suzan McDowell, [email protected], 305-576-3790

ONEUNITED BANK.
OneUnited Bank Is the premiere bank for urban communities with offices in California, Florida, and Massachusetts. Its mission is to provide affordable financial services to support economic development in urban communities and maintain superior financial performance to maximize shareholder value.

Elevate your finances with insights, because we all need answers. Sign up today!

Discover the OneUnited Difference.

Already have an account? Log in

Related Press

City National Bank Joins with OneUnited Bank, Committing a $10 Million Deposit to Empower Communities of Color in Southern California

LOS ANGELES – February 29, 2024 – To round out the celebration of Black History Month, City National Bank is proud to deposit $10 million of its capital into OneUnited Bank, the only Black-owned bank in California and the largest Black-owned bank in the nation. With the investment, City National and OneUnited will launch a comprehensive program aimed at bolstering economic development in historically underserved minority populations across Southern California.

Download Press Release

ONEUNITED BANK LAUNCHES THE ONELOVE™ CARD

Miami, FL – (February 13, 2024) – In a world that seems increasingly divided, OneUnited Bank®, the nation’s largest Black-owned bank, proudly introduces the OneLove™ Card. This card is not just a financial tool but a beacon of unity, symbolizing the Bank’s unwavering commitment to fostering love, belonging, and understanding within the Black community and across the nation during Black History Month.

Download Press Release

OneUnited Bank Introduces WiseOne Insights a Revolutionary AI-Driven Financial Wellness Companion

Boston, MA (October 26, 2023) – OneUnited Bank, the nation’s largest Black-owned bank, unveils WiseOne® Insights, a revolutionary financial wellness companion. This groundbreaking AI-driven tool is designed to guide, inform, and protect individuals by leveraging financial literacy. WiseOne Insights aims to improve financial wellness across the nation, while striving to close the racial wealth gap.

Download Press Release

It takes 5-minutes to start elevating your finances

See exactly where you’re spending money, how you’re achieving and how you can improve.