black unity

The Nation’s Top Black-Owned Financial Services 2019 Revealed

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.

RANKCOMPANIESREVENUES ($M)
1OneUnited Bank656.198
2Liberty Bank and Trust Co.591.541
3Carver Bancorp Inc. (Carver Federal Savings Bank) *590.000
4Industrial Bank433.851
5Citizens Bancshares Corp. (Citizens Trust Bank) *411.073
6Broadway Financial Corp. (Broadway Federal Bank) *407.170
7Harbor Bankshares Corp. (The Harbor Bank of Maryland)282.599
8First Independence Bank257.244
9M&F Bancorp Inc. (Mechanics & Farmers Bank)257.200
10City National Bank of New Jersey167.570
11GN Bank**139.902
12Citizens Savings Bank & Trust Co.103.080
13Unity National Bank93.832
14Tri-State Bank of Memphis82.336
15Commonwealth National Bank47.261

READ MORE AT: https://www.blackenterprise.com/be100s/financialservices/

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The Storied History of the Black Press: ‘The Pillars of Black America’s Struggle for Justice’

By Stacy M. Brown, NNPA Newswire Correspondent, @StacyBrownMedia

Since the founding of the Black Press 192 years ago, African American-owned newspapers have served their communities in ways that no other publications have.

Historically, these publications have operated on “shoe-string” budgets, are usually understaffed, and also face other severe limitations. Yet, the Black Press always has maintained its mission as the voice of Black America.

That tradition has held true through many transitions and has continued during the 79-year history of the National Newspaper Publishers Association (NNPA). The NNPA is the trade organization representing America’s Black-owned newspapers and media companies. The organization’s members serve millions of readers that rely on the Black Press to provide content not regularly found in other media.

For many, the Black Press is just as essential to the culture of the community as the Black church.

“It is undeniable that the Black church and the Black Press have been, and continue to be, the foundational pillars of Black America’s long struggle for freedom, justice, equality and empowerment,” said NNPA President and CEO Dr. Benjamin F. Chavis, Jr.

“We know first-hand the power of the pen and we remain committed to helping to ensure and to mentor the next generation of freedom-fighting publishers, editors and journalists,” Chavis said.

On March 16, 1827, The Rev. Samuel Cornish and John Russwurm made history by publishing “Freedom’s Journal,” the nation’s first Black newspaper.

NNPA Chairman Dorothy R. Leavell, who publishes the Chicago and Gary Crusader newspapers, has often described “Freedom’s Journal” as courageous and she regularly cites the newspaper’s motto as one that remains a focus of the Black Press today.

“We wish to tell our own story,” Leavell said, quoting Russwurm and Cornish’s mission that, “for too long others have spoken for us, but we wish to tell our own story.”

Circulated in 11 states and in Europe, Canada and Haiti, “Freedom’s Journal” provided international, national and local details pertinent to the Black community. They denounced slavery and lynching and, among the many features that endeared the newspaper to its readers, were African American community-based marriage, birth and death announcements.

Soon, other Black-owned papers like the Savannah Tribune, The Afro-American in Baltimore, the Indianapolis Recorder, and The Philadelphia Tribune began publishing.

Those newspapers and others, like the Pittsburgh Courier, the New Journal and Guide in Virginia, and The Kansas City Call, have maintained the tradition and continue to deliver news and insights today.

The NNPA honors the history and legacy of the Black Press via The Black Press Archives and Gallery of Distinguished Publishers at Howard University.

Each year during Black Press Week in Washington, DC, a NNPA member is posthumously enshrined in the Archives and Gallery.

“It’s so important we remember our past and remember those whose shoulders we stand upon,” Chavis said.

As community-focused publishers, the news that appears in NNPA’s member publications affects the day-to-day lives of their readership. For example, in Dallas, Texas, where voters recently elected a new mayor, U.S. congressman and Dallas County District Attorney.

For many in Dallas’ African American community, these much-needed changes were underscored through the resilient coverage of the city’s Black-owned North Dallas Gazette, which for decades has provided some of the most in-depth coverage of local elections for a publication of its size.

“We regularly inform our readers on the bills and positions offered by our new congressman and last year, we featured several stories on criminal justice and bail reform,” said the paper’s publisher Thurman Jones.

Since its first issue nearly 50 years ago, the South Florida-based Westside Gazette has maintained the high level of professional, insightful and reader-sensitive reporting that has gained the trust and respect of South Florida’s African American community.

Two of its signature events – “Sweet Potato Pie, Politics and Ice Cream,” and “The White Hat Gala,” – have proven a hit throughout the Sunshine State.

“The ‘Sweet Potato Pie, Politics and Ice Cream’ event is where our politicians come out and actually serve the audience sweet potato pie and ice cream,” said Westside Gazette publisher, Bobby Henry.

“It’s really unique and it gives an opportunity for an intimate formal discussion with those who are vying for political position,” he said.

The “White Hat Gala,” counts as a fundraiser for Sickle Cell Disease.

The Toledo Journal Newspaper in Toledo, Ohio, has been publishing since 1975 and, like the content found throughout its pages, its slogan is an attention-grabber: “Everybody is Somebody in The Toledo Journal.”

“This has made a difference in making our Black community feel important,” said the newspaper’s publisher, Sandra S. Stewart.

“Over the years, we have had an impact in the areas of business, political, social, recreational, religious, and sports, in our community. So, our readers believe in us and know we are fair to our community,” she said.

The impact of the legacy, history and challenges met and overcome by members of the Black Press has not been lost on or squandered by today’s NNPA members. While the Black Press has expanded to include cities and communities throughout the country, including New York, Washington, South Carolina, New Orleans, St. Louis, Chicago, Texas, and California, member publishers have continued to live up to the civil rights mantra of “Soldiers without Swords.”

READ MORES AT: https://www.afro.com/the-storied-history-of-the-black-press-the-pillars-of-black-americas-struggle-for-justice/

“Time For An Awakening” with Bro. Elliott, Sunday 6/02/2019 at 7:00 PM guests was Activist, Organizer, Bro. Brandon of the Ujima Peoples Progress Party.

We received an update from Bro. Brandon, of the initiatives currently in progress after the Statewide Convention of the Ujima Peoples Progress Party, that was held on May 11th 2019, and the need of our people to develop viable alternatives to the current political structure.

“Time for an Awakening” with Bro. Elliott 5-19-19 guests are Activists Stanley Crawford, Kofi Asante, Black Male Community Council of Philadelphia

“Time For An Awakening” for Sunday 5/19/2019 at 7:00 PM (EST) 6:00 PM (CST) our guests was Philadelphia Activists, Organizers, Stanley Crawford and Kofi Asante. In this environment of violent attacks in and on the Black from within and without, we discuss with our guests their efforts centering around the Philadelphia Black Male Community Council, and initiative to have Black Men involved in policing and maintaining our own communities.

“Time for an Awakening” with Bro.Elliott 5-5-19, guest Organizers of the Ujima Peoples Progress Party

“Time For An Awakening” for Sunday 5/05/2019 at 7:00 PM (EST) 6:00 PM (CST) our guests was Activists, Organizers, of the Ujima Peoples Progress Party . We discussed with our guest Bro. Brandon and Bro. Namdi, the planks and platforms of the party, the initiatives currently in progress leading up to their Statewide Convention on May 11th 2019, and the need of our people to develop viable alternatives to the current political structure.

Time for an Awakening with Bro. Elliott, 3-31-19 guest Activist, Treasurer of Afrocentricity International, Omowale Afrika

“Time For An Awakening” for Sunday 3/31/2019 at 7:00 PM (EST) 6:00 PM (CST) our guest was Treasurer for the Philadelphia Chapter of Afrocentricity International, Omowale Afrika. We will hear from  Bro. Omowale, the former President of   Marcus Garvey’s UNIA & ACL chapter 121, on the historical  importance of the Reparation’s Movement from a “Black Millennials” point of view.

Wake Up Call

It is a sickness for black people to have more regard for other people than they have for themselves! You love these holidays, You love that white picture of Jesus whom you have never seen, You love animals (only because they don’t talk back), You love supporting all these bogus charities, You don’t love yourselves through your actions, You don’t love black people who look just like you! That is sick! You love the dream! We rather hold the hands of white supremacy before we hold the hand of black sovereignty, black self -determination and black love! How sick can we be?!!!!!!!!!!

That dream of little black girls, little white boys, little black boys and little white girls holding hands together……that dream is leading to our demise. That false premise, that everything is okay……That illusion, that drug, that false hope……That dream! That dream that your enemy, your adversary, your foe is going to wake up and see you as human! That dream! That dream! That dream of equality!……That dream! That dream! That dream that your vote counts!!!!! That dream! That dream! That dream…….That slavery never happened, That dream…that our ancestors were not kidnapped, That dream…that our ancestors were not brutalized…That dream……..That Jim Crow never happened! That dream of being free, but knowing that you are not free! That dream of wanting to be treated right and knowing that you are not being treated right! That damnable nightmare of “One Nation Under GOD” indivisible and justice for all…….

Wake up from your slumber, my mighty people, Wake up from your slumber, my mighty people!!!!!! Look at yourself in the mirror, Look into your children’s eyes! Look at all that potential! Our children (good, bad or indifferent) should be our priority! Our children have limitless potential and we should guide them! Our children deserve the right to be sanctified (set apart) and for us to deem them as special. Our children are potential freedom fighters! Our children are potential healers! Our children are potential agents of change for the world! We need to see that in our children and act accordingly…..Not later, but NOW! NOW IS THE TIME TO SHOW OUR CHILDREN THAT WE CARE AND VALUE THEM!

Time For An Awakening

Bro. Reggie

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