1 of 14

Black-Owned Banks Break Barriers

Buying a House

KAHOOT�VERSION

2 of 14

Elected official, Kevin Boyce, successfully pursued which major staple for the Black community?

Ohio's only Black-owned church
Ohio's only Black-owned college
Ohio's only Black-owned bank
Ohio's only Black-owned shopping center

BLACK-OWNED BANKS BREAK BARRIERS FEBRUARY 17, 2023 EDITION | NEXT GEN PERSONAL FINANCE

3 of 14

Elected official, Kevin Boyce, successfully pursued which major staple for the Black community?

Ohio's only Black-owned church
Ohio's only Black-owned college
Ohio's only Black-owned bank
Ohio's only Black-owned shopping center

BLACK-OWNED BANKS BREAK BARRIERS FEBRUARY 17, 2023 EDITION | NEXT GEN PERSONAL FINANCE

4 of 14

2. Data from the Federal Reserve shows that ___ of Black Americans were underbanked in 2021.

37%
27%
17%
7%

BLACK-OWNED BANKS BREAK BARRIERS FEBRUARY 17, 2023 EDITION | NEXT GEN PERSONAL FINANCE

5 of 14

2. Data from the Federal Reserve shows that ___ of Black Americans were underbanked in 2021.

37%
27%
17%
7%

BLACK-OWNED BANKS BREAK BARRIERS FEBRUARY 17, 2023 EDITION | NEXT GEN PERSONAL FINANCE

6 of 14

3. True or False? In 2019, 7% of new home loans went to Black homebuyers.

True
False

BLACK-OWNED BANKS BREAK BARRIERS FEBRUARY 17, 2023 EDITION | NEXT GEN PERSONAL FINANCE

7 of 14

3. True or False? In 2019, 7% of new home loans went to Black homebuyers.

True
False

BLACK-OWNED BANKS BREAK BARRIERS FEBRUARY 17, 2023 EDITION | NEXT GEN PERSONAL FINANCE

8 of 14

4. A recent report showed growth in home purchases for Black borrowers between 2018-2021 in 7 large counties. What was the growth rate?

18%
21%
38%
52%

BLACK-OWNED BANKS BREAK BARRIERS FEBRUARY 17, 2023 EDITION | NEXT GEN PERSONAL FINANCE

9 of 14

4. A recent report showed growth in home purchases for Black borrowers between 2018-2021 in 7 large counties. What was the growth rate?

18%
21%
38%
52%

BLACK-OWNED BANKS BREAK BARRIERS FEBRUARY 17, 2023 EDITION | NEXT GEN PERSONAL FINANCE

10 of 14

5. How do most people honor and celebrate Black History Month?

Cook famous American dishes and play popular board games.
Volunteer at a local library or hospital.
Take an expensive vacation with their friends and family.
Learn about prominent Black figures and support Black-owned businesses.

BLACK-OWNED BANKS BREAK BARRIERS FEBRUARY 17, 2023 EDITION | NEXT GEN PERSONAL FINANCE

11 of 14

5. How do most people honor and celebrate Black History Month?

Cook famous American dishes and play popular board games.
Volunteer at a local library or hospital.
Take an expensive vacation with their friends and family.
Learn about prominent Black figures and support Black-owned businesses.

BLACK-OWNED BANKS BREAK BARRIERS FEBRUARY 17, 2023 EDITION | NEXT GEN PERSONAL FINANCE

12 of 14

You’ve completed the exercise, now it’s time to learn

more about the current event:

BLACK-OWNED BANKS BREAK BARRIERS FEBRUARY 17, 2023 EDITION | NEXT GEN PERSONAL FINANCE

13 of 14

Discussion Prompt:

What are some ways that you can celebrate Black History Month at school or in your community?

BLACK-OWNED BANKS BREAK BARRIERS FEBRUARY 17, 2023 EDITION | NEXT GEN PERSONAL FINANCE

14 of 14

Extend Your Learning

Three Relevant Resources from NGPF:

Who was Wall Street's first Black millionaire? (Question of the Day)
Celebrating Black History Month 2023 (NGPF Blog)
Highlighting Tiffany Aliche, The Budgetnista (NGPF Blog)

References:

Ohio’s only Black-owned bank gets approval to open in Columbus (NBC)
Low lending rates boosted Black homeownership here. Can it last? (The Enquirer)
Black applicants are more likely to be denied mortgages, study finds (Marketplace)
Mortgage Lending by Race and Income in a Time of Low Interest Rates (Cleveland Fed)
Federal Reserve Data on Unbanked and Underbanked Americans (The Fed)
8 Ways to Honor Black History Month (Salesforce)

BLACK-OWNED BANKS BREAK BARRIERS FEBRUARY 17, 2023 EDITION | NEXT GEN PERSONAL FINANCE