BLACK VOICES
10/08/2013 06:14 pm ET

Industrial Bank, D.C.'s Last African American-owned Bank, Receives $1M Investment

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The last remaining African American-owned bank in the Washington area got a boost last month when it received $1 million from the Congressional Black Caucus Foundation.

The foundation purchased $1 million worth of certificates of deposit from Industrial Bank as part of a new initiative to help make loans more readily available to underbanked communities and minority-owned business.

Read more on www.washingtonpost.com

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