by Selena Hill
June 26, 2019
The BE financial services companies include the largest black banks, investment banks, asset managers, and private equity firms. These companies manage trillions of assets as they diversify the capital markets and serve the needs of individual and institutional clients from Wall Street to Silicon Valley.
|2||Liberty Bank and Trust Co.||591.541|
|3||Carver Bancorp Inc. (Carver Federal Savings Bank) *||590.000|
|5||Citizens Bancshares Corp. (Citizens Trust Bank) *||411.073|
|6||Broadway Financial Corp. (Broadway Federal Bank) *||407.170|
|7||Harbor Bankshares Corp. (The Harbor Bank of Maryland)||282.599|
|8||First Independence Bank||257.244|
|9||M&F Bancorp Inc. (Mechanics & Farmers Bank)||257.200|
|10||City National Bank of New Jersey||167.570|
|12||Citizens Savings Bank & Trust Co.||103.080|
|13||Unity National Bank||93.832|
|14||Tri-State Bank of Memphis||82.336|
|15||Commonwealth National Bank||47.261|
READ MORE AT: https://www.blackenterprise.com/be100s/financialservices/
You Might also like
By Elliot Booker — 8 months ago
Sebastiane Ebatamehi Mon, Apr 1, 2019
The Pan-African struggle is not an individual one, it is collective, and Africa needs you.
The concept of Pan-Africanism is perhaps more popular now than it ever was. There are great Pan-African activists scattered on the continent of Africa but only a few like Professor Patrick Loch Otieno Lumumba and Kemi Seba can match the determination of the early pan-African heroes.
One thing that has contributed to this, however, is the fact that modern education and innovation has taken the minds of African youths off Pan-Africanism. So, even though it is something they have heard of, they do not believe it is a worthy cause. To them, slavery and colonialism were in the past and Africans should embrace the future.
It is even surprising that many Africans see Pan-Africanism as a cult or fraternity of some sort, how sad?
Africa is battling with unthinkable poverty and underdevelopment despite its wealth and natural resources. Our people are dying and terror is upon the land. We have a duty to fight for Africa because we do not have any other continent that we can call our own.
To achieve this, we must all put aside our individual agendas as countries in the African continent, and uphold the general agenda of African unity, development, and progress. It is only by this that we can truly succeed as individual nations and collectively as a continent.
All it takes to be pan-African is to decolonize one’s mind from western interference that tends to put us at war with ourselves and people. It is in a simple acceptance that Africa’s redemption lies in her unity and to preach this ideology to others.
The definition of Pan-Africanism is not a bogus one. Schools of thoughts are divided as to whether it is a movement or barely an idea. In all fairness, it is safe to say it is both.
Pan-Africanism is generally accepted to umbrella the ideas and policies that preach Africa as a single entity which must unite in order to experience any tangible progress. There is a fundamental similarity among people of African descent and we share the same history.
Africans everywhere all live with the horrid history of slavery, colonialism, and neo-colonialism. We have a common enemy as we have always had. In the past, it was slavery and colonialism, now it is neo-colonialism (or imperialism).
Also, the cultural and traditional similarities between African nations are proof that we share the same roots and belong together. This is perhaps the greatest credit of pan-Africanism in its proof that African peoples share a common destiny.
The struggle for Pan-Africanism is not one that involves arms or war. In fact, the intellectuals are needed more than the laborers if we are to succeed.
To be a Pan-African, you do not need to register anywhere or belong to a particular group. Although there are various political and civil Pan-African groups and movements structured for different purposes around Africa, membership in a group or movement is not needed to be a Pan –African.
What we all need to do individually is to decolonize our minds and eliminate the beliefs imprinted in us that we are different and lesser than the white man.
Africa is one and colonialism is in its worst stage than it ever was during the slave era. What we are experiencing today is neo-colonialism and as Kwame Nkrumah said in his book, this is the last stage of imperialism. Africans cannot remain slaves forever.
Where does Africa stand today? Where we created by a lesser God? Are we as they say that Africans were created to serve the white man as hewers of wood and drawers of water? Do we not have a right to own and control our resources? Are we created to be exploited? Is our continent a lab for European superpowers to test their assault and chemical weapons? Why is the West so interested in Africa’s disunity? Why can’t we be truly independent? Why must Europe and America control our economies and leaders?
In your sincere answers to the aforementioned questions, lie the true reasons why we must all be pan-Africans. Africa needs you!
What are your thoughts?Post Views: 609
By Elliot Booker — 2 years agoBy
The post-hurricane devastation facing Puerto Rico and the U.S. Virgin Islands, and the lack of attention being paid by the federal government to necessary relief efforts. The lack of media attention to the death and destruction facing these U.S. citizens — who are not white and many of whom are of African descent — speaks to their second-class citizenship rooted in white supremacy and systemic racial discrimination.
With nearly half of Americans not realizing Puerto Ricans are U.S. citizens — and even Donald Trump apparently not realizing the people of America’s island territories are citizens, or that he is the president of the U.S. Virgin Islands — these Black and Brown territories are American colonies and possessions of conquest in every manner.
The reason why the island territories — not only the Caribbean islands, but also Pacific islands such as Guam and the Northern Mariana Islands — are subjected to separate and unequal treatment, and are not states, is because of the Insular Cases, a series of racist Supreme Court decisions, of which the first were written by the same court that gave us the endorsement of racial segregation in Plessy v. Ferguson. These cases established the racist framework governing nonwhite territories of the United States. The island territories, inhabited by so-called alien races, were designed to give the United States control over the seas but second-class citizenship to their inhabitants. These cases are why these Black and Brown territories — as opposed to former white-controlled territories turned states — are subjected to the control of Congress, and no territory has become a state since Alaska and Hawaii in 1959.
At the time, Alaska and Hawaii had already been established as sovereign territories incorporated into the United States, with full constitutional safeguards and a pathway to statehood. The American court system rationalized that Alaska was in a different classification from Puerto Rico because it was on the North American continent. Hawaii, which the U.S. annexed in 1898, was a distant island populated by nonwhite people like Puerto Rico, yet Congress quickly granted full citizenship to its residents in 1900. Further, the United States was changing its definition of a territory, as Slate noted, opting for a European model of expansion to rescue the savages — a white supremacist message which presidents such as McKinley and Theodore Roosevelt endorsed. Further, President William Howard Taft — later Supreme Court Chief Justice — had a personal bias against Puerto Rican people which proved decisive in the fate of the territory. Taft believed they were unable to understand institutions of “Anglo-Saxon origin” such as the jury system, and he supported citizenship only if the territory was not granted statehood. The American attitude towards these nonwhite possessions reflected both the racism of the day, but also a desire to economically exploit these islands and establish military bases on them.
In one of the Insular Cases, DeLima v. Bidwell, the high court found that Puerto Rico was not a foreign country within the context of tariff laws. In Downes v. Bidwell, the court ruled that Puerto Rico was an unincorporated territory under the control of Congress, but without the full protection of the U.S. Constitution. “If those possessions are inhabited by alien races, differing from us in religion, customs, laws, methods of taxation, and modes of thought, the administration of government and justice according to Anglo-Saxon principles may for a time be impossible, and the question at once arises whether large concessions ought not to be made for a time, that ultimately our own theories may be carried out and the blessings of a free government under the Constitution extended to them. We decline to hold that there is anything in the Constitution to forbid such action,” the court wrote in its opinion.
In Gonzales v. Williams, the Supreme Court said that a woman from Puerto Rico who moved to New York was not an “alien immigrant,” but rather a “noncitizen national.” In 1917, Congress granted citizenship to people in Puerto Rico.
Formerly the Danish West Indies, the U.S. Virgin Islands became a United States territory in 1917, when the islands were transferred from Denmark for $25 million. Residents of the islands were granted full citizenship rights in 1932 through an act of Congress. Before that time, U.S. courts regarded the people of the U.S. Virgin Islands not as citizens but as “nationals,” which in U.S. colonial policy referred to “inhabitants of colonies to whom the rights of U.S. citizenship were not conferred.”
Although the inhabitants of the U.S. Virgin Islands and Puerto Rico received U.S. citizenship, the racist policies which undergirded America’s treatment of its colonial territories have persisted. This is why people from these islands, who are truly American, often are not regarded as such, particularly after a natural disaster.
Meanwhile, the PR crisis has the potential to change Southern politics, particularly in Florida, potentially giving Democrats an advantage. The states with the greatest influx of Puerto Ricans between 2007 and 2009 were, from highest to lowest, Florida, Pennsylvania, Texas, Massachusetts, Connecticut, Ohio, Georgia, North Carolina, Virginia and Maryland.
More than 1 million people of Puerto Rican descent live in Florida, doubling their number since 2001 as a result of a weak economy back home, and as many as 100,000 more are expected to relocate to the state as victims of Hurricane Maria. Leaning heavily Democratic and voting in large numbers, Puerto Rican voters in the mainland voted for Hillary Clinton by a 3-to-1 margin. The Puerto Rican diaspora in Florida and elsewhere, angered by Trump’s inaction in addressing the needs of the storm-ravaged island, and displaying a perceived insensitivity to their plight when he threw paper towels to a crowd during his visit, could galvanize and make a difference in the 2018 and 2020 elections. Although treated not unlike second-class citizens back home, where they cannot vote in national elections, Puerto Ricans on the mainland can register to vote anywhere and participate in races for the Senate, Congress and President, in what may prove the ultimate revenge.
This revenge is against Republicans and Trump — who ignores their plight post-Hurricane Maria and exhibits the racial bias of white U.S. leaders and policymakers a century ago. But this opportunity for payback by Puerto Rican voters also reflects an ability to impact politics on the mainland, after years of political exclusion and marginalization back home, and a colonial limbo status denying them statehood on the one hand, and independence and self-determination on the other.
By WakeUpTeam 1 — 4 years ago
Since the passing of the voting rights act of 1965, both parties have taken advantage or totally disregarded the Black vote. Since then the Democratic Party in particular, have used the Black vote for strategic advantage or outright abused Black folks good will and intentions in the voting process (Obama). In 2016 Hillary Clinton (the Clinton’s) are the front-runners. Take a look at some of the links below to see some of the policies that they have backed, not with lip service but with Political force. Are some of the article’s listed below in Black people’s interest or are we again being used again as pawns?, you decide. If you want an alternative join One Million Conscious Black Voters and Contributorshttp://www.iamoneofthemillion.com/?cat=7 let’s start making DEMANDS and voting form a position of STRENGTH!
Frederick Douglass quote:
“Power concedes nothing without a demand. It never did and it never will. Find out just what any people will quietly submit to and you have found out the exact measure of injustice and wrong which will be imposed upon them, and these will continue till they are resisted with either words or blows, or both. The limits of tyrants are prescribed by the endurance of those whom they oppress.”