The African Americans are in the process of building a strong Black America community through leveraging their resources and supporting the Black-owned banks.

This is as a result of continued discrimination from the Whites, but more so from the police. The community believes that in order to grow strong, it must strengthen Black banks which can help them establish Black businesses.

With strong Black banks, the community would be able to easily access loans for starting new businesses and developing the existing ones.

According to some studies, the people of color experience a lot of obstacles when applying for loans in the mainstream banks. They get limited information about loan terms and undergo unnecessary screening before they get the credit.

So far, deposits of approximately $2.7 million have been made at Industrial Bank which is the largest Black-owned financial institution in the metropolitan Washington D.C. region.

The banks gained more than 1,500 new accounts in the month of July. A movement consisting of local D.C. activists is campaigning about the idea, something which is expected to keep the bank welcoming new African American customers.

According to the CEO of the U.S. Black Chambers Inc. (USBC), Ron Busby, the Blacks want their money to stay in their community.

He believes that the community can benefit a lot when their business transactions and other activities are handled by the African Americans.

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