Chicago Deposits $20 Million into Illinois Service Federal and Loan Association, the City’s Last Black-Owned Bank 

GOOD BLACK NEWS

(Photo credit: Nancy Harty via blavity.com)

via blavity.com

The Illinois Service Federal and Loan Association (ISF) is the last black-owned bank in Chicago. According to CBS Chicago, Kurt Summers, the city’s treasurer, has decided to make a momentous investment in the bank. Summers announced Monday that the city will be depositing $20 million into the black-owned institution.

At the announcement, the treasurer called this investment his department’s first step towards addressing the city’s history of segregation, something that he claims is one of the root causes of the city’s current violence. So, what will this investment mean for the city? According to Summers, the contribution will increase the number of successful black-owned businesses in Chicago.”If we’re going to be serious about supporting those communities and supporting community banks and what they do for small businesses, we have to look for opportunities like this,” he said, Business Day reports.

View original post 203 more words

Published by Henrietta Watson

Hello my name is Henrietta Watson. I am a mother of a 26 year old daughter and a 19 year old son. I also have a 1 year old granddaughter and a newborn granddaughter.I am a Security Officer. I also write short stories, blogs and poems. I like cooking,grilling,fishing,skating,playing billiards,going out to eat and going to see movies.

Leave a comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Jez Braithwaite

Taking the camera for a walk!!!

Pattimouse

A glimpse into the mind of a half mad poet

Wood Create

A passionate woodworking dad

A Better Man

Make a Start

ronovanwrites

Forward, Always

Novas Namaste 365 Online

Mental Health & Self-care Advocacy

I Watched an Anime

My Personal Reviews on Anime

Norma J. Hill

a pen and paper mama site

Bittersweet turns

Deep Down Inside...

Granny Shot It

This site focuses mainly on photography, but also discusses just about any topic.

priorhouse blog

Photos, art - and a little bit of LIT.

Helle Gade

Photography, Poetry and Indie Authors

Bree Hill

Better late than never; one woman's journey falling for the romance genre.

From Pyrenees to Pennines

We went to France ..... and then we came back.

pensitivity101

An onion has many layers. So have I!

Victoria Ray

BOOKS. WRITING. ADULT HUMOR. COMEDY. ABSURD.

Christina Frangione Nutrition Therapy

Christina Frangione, MS, RD, CDN is a registered dietitian nutritionist practicing in Huntington, NY who uses a non-diet, intuitive eating approach to developing peace with food and our bodies.

%d bloggers like this: