Fintech: Southeast News

Fintech Southeast News curated each weekday for Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee



Posted May 19, 2021

Citizens Savings Bank and Trust Co. (Citizens Bank) announced $5.85M in investment from four financial partners – Wells Fargo, Bank of America, First Horizon Bank, and Apex Bank. Citizens Bank has served the Nashville community since 1904 and is the oldest continuously operating African American-owned bank in the United States.

“For more than 117 years, Citizens Bank has played an important role in serving the Nashville community, including providing essential funding opportunities for underserved residents, investing in community revitalization projects, and supporting minority-owned businesses,” said Sergio Ora, President and CEO of Citizens Bank.

Earlier this year, Citizens Bank was selected by Wells Fargo as part of the financial institution’s $50 million capital investment in African American Minority Depository Institutions (MDIs). In addition, Citizens Bank was chosen by Bank of America as the recipient of one of seven equity investments, part of the company’s $1 billion, four-year commitment to advance racial equality and economic opportunity through the support of MDIs. MDIs play a key part in sustaining the long-term growth of minority-owned businesses and supporting the health and prosperity of small and underserved communities. And more recently, Citizens Bank received investments from Apex Bank and First Horizon Bank.


buttonsubscribe   buttonsignin



Only members have access to curated Southeast news for technology, fintech, growth and exporting specifically for the 27 major cities in the regional states of Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee. It’s about the executives and the decisions that result in the business activities that make the American Southeast the strong economic powerhouse – even stronger. Subscribe now!



Terms of Service Privacy Policy Site Map
Copyright @ 2021 Globalspeak, All Rights Reserved