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Is Citizens Trust Bank Black Owned? | Urban Intellectuals

Is Citizens Trust Bank Black Owned?

by | Jul 14, 2016 | Blog | 0 comments

You’ve been hearing a lot recently, no doubt, about moving your money to black owned banking and spending with black business.

Celebrities like Killer Mike, Usher and Solange are pushing people to bank black and one name that repeatedly comes up is Citizens Trust Bank in Atlanta.

NEW: List of Black Banks in EVERY STATE, Click Here To Find YOURS!

The good news is that Citizens Trust bank is black owned. And the reason that Killer Mike, Usher, and Dupri opened accounts there and encourage moving $100 into the black owned bank is because of their mandate to help the black community.

The bank have been in Atlanta going on 100 years and have put out loans that have helped many open small businesses.

National Community Investment fund’s website (www.ncif.org) has this profile about the bank

CitizensTrustBlackOwnedAbout Citizens Trust Bank

For more than three-quarters of a century Citizens Trust Bank has been serving the metro Atlanta community with banking services. This long history, by any measure of longevity, is one of which all of Atlanta should be immensely proud. The Bank’s Mission is to enhance shareholder value while enabling its customers, community, and associates to realize dreams of economic empowerment.

1919, five men envisioned a bank which would primarily serve African American citizens of Atlanta. They would later be called, “the fervent five.” On August 16, 1921, the doors of Citizens Trust Company were opened with $500,000 in capital stock. The goals of the new bank were three-fold: to promote financial stability and business development; to stress the principles of thrift; and to make home ownership possible to a larger number of people.

Citizens Trust Bank became a leader in the financial services industry and one of the largest minority-owned financial institutions in the nation, offering a full range of quality business and consumer products and services including Small Business Association (SBA) financed loans, residential mortgage lending, and consumer and business online banking products with eleven financial centers in Metro Atlanta, Columbus, Georgia and in Birmingham and Eutaw, Alabama.

So, interested in more? Here are the banks details.

75 Piedmont Ave NE
Atlanta, GA 30303
Telephone: 404-575-8400
https://ctbconnect.com

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