Categorized | National News

Bank Created To Serve Black Community To Foreclose On Several Black Churches

Bank Created To Serve Black Community To Foreclose On Several Black Churches

A group of Los Angeles pastors are protesting the foreclosure proceedings on a number of churches, to be executed by a Black-owned bank that was created to serve a once-segregated Black population. Broadway Federal Bank started in the 1940s to provide financial services to the Black community. The bank had over 12% of its loans…

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