Host Phil at The Advise Show discusses a movement for African Americans to move their bank accounts to black owned banks. The idea is a smart one, because by increasing the deposits at these institutions, it increases their power to lend to the black communities they serve. He points out that one day before Dr. Martin Luther King was assassinated, he exhorted the black community to move their money to black banks. Phil includes that powerful speech as part of his discussion. This is a very powerful and moving video and has a very positive message.

This article by Atlanta BlackStar has a great history and discussion about modern issues affecting black banks.


Image credit: The Advise Show