Black Banks

The black community owned 0.5 percent of America’s wealth at the end of slavery, and today that number has barely increased. A typical white household is 10 times wealthier than a typical black household, and the racial wealth gap is growing.

Durham, Black Banking, Cicely Mitchell, Art of Cool
Leoneda Inge / WUNC

From Atlanta to Chicago, black-owned banks in big cities across the country have reported a rise in new accounts during the past month. One of the oldest black-owned banks in the country is based in Durham, where bank officials report a rise in new accounts and in a new movement to keep the momentum going.