Reposted from: http://ibw21.org/featured/directing-dollars-seen-as-a-way-to-protest-recent-shootings-thousands-make-deposits-in-black-owned-banks/
Michael Grant, President, National Bankers Association
Reacting to the most recent wave of shootings of Black men by police officers, thousands of African-American consumers across America are directing their dollars by opening checking and savings accounts in Black-owned banks.
A grassroots effort being called a “Spend Movement” found the nation’s Black banks receiving calls and on-line requests to open accounts.
According to National Bankers Association President Michael Grant, “This is a movement that began over 100 years ago but had become dormant as a consequence of racial integration. Thousands have been mobilized to protest with their spending power. Many African-American consumers are linking the shootings with a sense of powerlessness, feeling undervalued and disrespected.”