List of Black-Owned Banks Stocks, Business Platforms and Online Investments

The current #BlackLivesMatter has created an avenue for black-owned companies to rise against the tide of segregation and discrimination. Black-owned companies that have suffered long-term discrimination both in terms of services and patronage are beginning to get into the limelight. 

Last week, it was revealed that the movement has benefitted some black-owned company stocks. It is no doubt that whatever is going on in society directly or indirectly affects the attitude of investors in the market. Hence, the ongoing #BlackLivesMatter movement has brought a turn around to investors’ attitude to black-owned stocks. Black-owned stocks are beginning to experience an increase in the rate of demand and supply. Black-owned businesses in the state are also beginning to get support from white-owned companies around them. It is against this background that this article has compiled some black-owned banks stock, business platforms, and online investments available for business. 

However, it is important to note that most of the black-owned stocks are small-cap, as such, they are thinly traded and may be listed in the OTC exchange but not on NYSE or on Nasdaq. Based on this, some of these stocks might carry more risk than the companies traded in the major stocks exchange. Regardless of this, it is important to always consider the requirement for investing and your risk tolerance level before investing. Also, ensure you do your research very well. This would help you make a good selection. Some of the black banks stock and online investment platform to invest in include: 

Black-owned Banks stocks

• Citizens Bank – CZBS

Citizens Bancshares Corporation operates as the holding company for Citizen Trust Banks that provides different financial transactions and services like every other bank. The bank offers checking and saving accounts, and different types of loan opportunities such as personal loans, personal lines of credit, residential mortgage loans, commercial real estate loans, and agricultural loans. Added to this, the company also offers different investments accounts such as sweep commercial money market and individual retirement account.  

The company's stock is currently trading for $11.51

• Industrial Bank – IBWC

IBW Financial Corporation operates as a bank holding company for Industrial Bank. They provide different financial transaction services to commercials and consumers. The bank also provides deposits services to customers. 

Currently, the bank stock is trading at $30.15

• M & F Bank – MFBP

M & F Bancorp, Inc is a holding company for Mechanics and Farmers Bank of North Carolina. The bank is a full-service commercial bank that provides consumers and business loans, certificates of deposit, checking accounts, money market accounts, certificates of deposits, and so on. Its business extends around North Carolina. 

The bank stock is currently trading at $4.00

Minority Depository Institution Bank Stocks

• Broadway Federal Bank – BYFC

Broadway Financial Corporation operates as a holding company for Broadway Federal Company. It is a community-oriented bank that provides savings and loan services to low and moderate-income communities. The bank provides deposit services to customers and uses this to create different loan opportunities for real estate investors. 

The deposit services provided by the company include checking account, passbook saving accounts, negotiation order of withdrawal account (NOW), money market, and certificate of deposits. 

The bank stock is currently trading at 2.11

• Carver Bank – CARV

Carver Bancorp operates as a federal holding company for Carver Federal Savings Bank. It is a federally chartered saving bank that provides commercial and consumer banking services to consumers, businesses, governmental and quasi-governmental companies, and agencies around the city of New York. 

The bank stock is currently trading at $6.21

Black-Owned Online Investment/Business Platform

• Freeman Capital

Freeman is one of the most recent black-owned investment companies. It offers a very promising low-cost investment solution and opportunity to people around the United States. The price charged for services is very cheap when compared to other online investment apps. With Freeman capital, you can invest in any stocks you want and have zero worries over how your investment is faring. Their operation is very transparent; hence you can keep track of the growth of your investment. To get started with Freeman, all you need to do is visit http://www.freemancapital.co 

• HBCU Wall Street

HBCU is another great black-owned business platform. It is a grass-roots organization interested in helping beginners in business grow their business.  The company offers quality advice and tips to business owners, entrepreneurs, thought leaders, and community leaders. 

• HBCU Realty Fund

HBCU Realty Fund is a great business creation and ownership vehicle for real estate investors. the goal of HBCU is to help all real estate investors make good cash flow from their investments. Hence, the Fund provides quality advice and tips on how to choose a good real estate with the potential for growth. The company already have a list of thriving real estate investments that interested investor can invest in.