WASHINGTON –Since 1934, Industrial Bank has played a pivotal role in the growth and economic development of the Washington, DC metropolitan area through its essential products and services, customer care and community service. Today, the Bank announced it has acquired City National Bank of New Jersey, with two branches in New Jersey and one branch in Harlem, New York.
The Washington Post recently published “Move your money, move society?”, an article detailing the #BankBlack Movement written by Tracy Jan. The article begins by reporting the recent surge in deposits in black-owned blacks, driven by social media and celebrity activists. However, the article details how this surge has tapered off, and why continued support for these institutions is critical.