Special Alert

Be Connected: Mechanics & Farmers Bank

  • October 04, 2016
  • Beyu Caffe
  • 341 W Main St, Durham, NC 27701
  • 7pm-8.30pm
  • Free
  • (919) 683-1058

A year ago, Killer Mike said in a TV interview that he wanted to see the black community put more of its money into black-owned banks and credit unions. Just days after the police killings of Alton Sterling and Philando Castile he returned to the #BANKBLACK idea. This social movement mandate has seen a rise in new account sign ups at Mechanics and Farmers bank here in our community.

According to Black Main Street Newsroom Buzz, Jasmine Parker of M&F Bank said in the past five days, online applications for new accounts have jumped from 500 a day to 2,500. The increase in new accounts adds up to an estimated $1.25 million in one week being moved into M&F Bank accounts from mainstream financial institutions. "It's good to see these dollars being recycled back into the community," Parker explained.

For this installation of #Beyu #BeConnected we have invited representatives from M&F Bank to chat about the recent trend and inform the community of what this all means for its constituency.

 

Durham Convention & Visitors Bureau
212 W Main St #101
Durham, NC 27701 USA
Phone: (919) 687-0288
Toll Free: (800) 446-8604