The Pantheon of Black Banking
May 19, 2022
According to the Federal Deposit Insurance Corporation almost 17% of African Americans do not have a bank account. Most Black neighborhoods do not have banks for two to three miles, but ATMs are never hard to find. The Black community is underserved in banking and financial literacy. Two young men are working to change that narrative and have built, Obsidian Banking.
"Every time we talked it seemed to be about money, impact, things like that," says Steven Farrar partner of Obsidian Banking. After a few conversations, Steven decided to join Damon on this journey to supply banking services f...