The $1 Billion Merger

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Banking

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THE $1 BILLION MERGER | SEPTEMBER 18, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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

more about the current event:

THE $1 BILLION MERGER | SEPTEMBER 18, 2020 EDITION | NEXT GEN PERSONAL FINANCE

Discussion Prompt:

In what ways do you think a lack of access/limited access to loans affects or would affect your community?

THE $1 BILLION MERGER | SEPTEMBER 18, 2020 EDITION | NEXT GEN PERSONAL FINANCE

Extend Your Learning

Relevant Resources from NGPF:

• COMPARE: Select a Financial Account or Product (Activity)
• Understanding Loans (Full Year Lesson)
• RESEARCH: Alternative Lending (Activity)

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References:

• Two Black-Led Banks Merge to Form a $1 Billion Lender (NY Times)
• City First Bank of D.C. to merge with another Black-owned bank (bizjournals.com)
• How The First Black-Owned Bank With $1 Billion In Assets Can Close The Racial

Wealth Gap (Forbes)

• Merger of Black-Owned Bank Expands Banking Opportunities For Lower-Income

Communities (NBC)

• A pair of Black-led banks have merged to form an institution worth more than $1

billion (CNN)

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THE $1 BILLION MERGER | SEPTEMBER 18, 2020 EDITION | NEXT GEN PERSONAL FINANCE