23
July , 2018
Monday

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The National Bankers Association (N.B.A.) is teaming with a popular, nationally-syndicated radio talk show host, Warren Ballentine, to spearhead a national campaign to get minorities and other consumers in the urban areas to bank with minority banks.

 

A press conference to kick-off the campaign will be held, Friday, July 15th at 12:00 noon at the headquarters of the National Bankers Association located at 1513 P St., NW, Washington, D.C.

 

The promotional campaign, being called “The People’s Economic Movement,” is being orchestrated to coincide with the unveiling of the Dr. Martin Luther King, Jr. memorial statute in Washington, D.C. August 28, 2011.

 

According to Michael Grant, president of the NBA, “This self-help, empowerment movement is designed to stimulate much-needed economic development at our nation’s urban core.  By depositing their money in minority banks, getting mortgages, small business loans or loans for college tuition from banks in their communities, consumers begin a process of harnessing the economic strength of the masses in a way that creates direct benefits to their communities which are still suffering from the worst economic crisis since the Great Depression.”

 

Asked why the campaign is being called: “The People’s Economic Movement,” Radio One talk show host Warren Ballentine explained: “This recession has created not a moment in time but a movement in time.  Community economic development will only come with an intelligent and targeted approach to managing money.  By investing their money in the minority banks in their own communities, consumers will begin to see how to make capitalism work in their favor.”

 

The National Bankers Association is a consortium of African-American, Hispanic-American, Asian-American and Native-American owned banks.  The association’s member banks operate branches in 29 cities located across America.  In the aggregate, these banks have over $15 billion in assets and serve over 3 million depositors.

 

As an example of how little support minority banks are receiving from their potential customer base, economists have estimated that while the African-American community has over one trillion dollars in disposable income a year, it has been estimated that African-American owned banks manage less than 5% of the wealth in the communities that they serve.

 

“The People’s Economic Movement” will include NBA banks from all over America – especially in urban communities.

 

Organizational leaders and celebrities who are supporting “the People’s Economic Movement” are as follows:

 

Reverend Al Sharpton                                   

Boris Kodjoe                                                             

Roger Campos                                               

CeCe Winans                                                 

Reverend Frank Reid of Baltimore   

Reverend Rudy Rasmus of Houston             

Reverend Buster Soaries of Newark 

Marc Morial

Hilary Shelton

 

 

 

 

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Welcome to CopyLine Magazine! The first issue of CopyLine Magazine was published in November, 1990, by Editor & Publisher Juanita Bratcher. CopyLine’s main focus is on the political arena – to inform our readers and analyze many of the pressing issues of the day - controversial or otherwise. Our objectives are clear – to keep you abreast of political happenings and maneuvering in the political arena, by reporting and providing provocative commentaries on various issues. For more about CopyLine Magazine, CopyLine Blog, and CopyLine Television/Video, please visit juanitabratcher.com, copylinemagazine.com, and oneononetelevision.com. Bratcher has been a News/Reporter, Author, Publisher, and Journalist for 33 years. She is the author of six books, including “Harold: The Making of a Big City Mayor” (Harold Washington), Chicago’s first African-American mayor; and “Beyond the Boardroom: Empowering a New Generation of Leaders,” about John Herman Stroger, Jr., the first African-American elected President of the Cook County Board. Bratcher is also a Poet/Songwriter, with 17 records – produced by HillTop Records of Hollywood, California. Juanita Bratcher Publisher

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