May 18, 2016
From L-R Top Row: Chiefy Papa Wassa Nduom, Monica Thomas, Yvonne Nduom and Nana Kweku Nduom. Bottom Row: Outgoing CEO Norman Williams and Dr. Papa Kwesi Nduom Lead poising Dr. Deneen Woodard addresses the community on the dangers of and sources of lead. Photo Credit: Access Community Health Network.
Stories this photo appears in:
Illinois Service Federal Savings and Loan Acquired by Nduom Family
In 1994, there were 54 black-owned banks in this country, according the FDIC (Federal Deposit Insurance Corporation) and just 22 years later, there are only 21 remaining. These 21 banks have a total of $4.7 billion dollars in assets, but only count as 0.43 % of the $1.1 trillion in black buying power.