Stars Openly Support The Black Bank Movement
A powerful campaign geared towards the black community to support black owned businesses has rebirthed and built momentum. With the death count of unarmed blacks at the hands of police officers rising, people have decided to go beyond protesting and have turned to putting their money where their mouth is. Thanks to Rapper Killer Mike there is a new trend has brought upon new awareness of where black dollars are going.
Transferring black money to black owned banks may be one of the answers to gaining the economic justice blacks rightly deserve and apparently this is paying off. A number of black banks are starting to report an increase of newly opened accounts. One black owned bank Atlanta has gained an increase in newly opened accounts, one bank representative says that it has received about 8,000 new applications for depositors in the last few days. Unity National bank in Texas has also received more than 350 new accounts in the last week, the Houston Chronicle reported.
Killer Mike spoke out calling for the black community to give a part of their financial assets black banks. This has caused a whirlwind of were stars openly support the black bank movement. This one plea from the Rapper has spread across social media spawning a new direction in black spending.
Not only are everyday people joining in celebrities are also joining in the Black Bank Movement. Solange Knowles has pulled money from her bank and has transferred it to a Black-owned bank. She went on to share to over 1.4 Tweeter followers:
“There are over 21 black-owned banks in the U.S. Also…. While I realize this is a very personal decision and thing to share, I’m proud to say I made that step today. Time to literally put my money where my mouth is. I can not vouch for any of these institutions, but if you are interested in the information, @saintheron has posted the list (via hbcu money)…www.saintheron.com.”
Several Houston area performers such as Slim Thug, Paul Wall, Willie D, Trae The Truth, and others opened accounts at Texas’ Unity National Bank.
Others will most likely also follow suit.