Another way to #BankBlack is to buy stock in black-owned banks and companies. As with any investment in equities, there is risk associated with buying a stake of ownership in a company through the stock market. You should research any investment and consider your investment relative to your risk tolerance and long-term objectives. Your purchase of stock in a black-owned bank or company can help to improve their financial health and ability to grow. And in the long term, your investment can potentially grow, too.
Note that many black-owned companies are micro cap or small cap companies that are thinly-traded and may be listed on the OTC (Pink Sheets) exchange and not on the NYSE or NASDAQ exchanges. As a result, they do not have the same reporting requirements and may carry a higher risk than larger companies traded on the major exchanges. Some OTC stocks may not be available for purchase with your broker.
BLACK-OWNED BANK STOCKS
Citizens Bancshares Corporation operates as the holding company for Citizens Trust Bank that provides various commercial banking products and services.
IBW Financial Corporation operates as the bank holding company for Industrial Bank that provides various banking products and services to individuals and small businesses.
M&F Bancorp, Inc. operates as the bank holding company for Mechanics and Farmers Bank that provides consumer and commercial banking products and services in North Carolina.
Keep track of our black stock portfolio here:
MINORITY DEPOSITORY INSTITUTION BANK STOCKS
Broadway Financial Corporation operates as the holding company for Broadway Federal Bank, f.s.b. that provides savings and loan business services for low to moderate income communities in Southern California.
Carver Bancorp, Inc. operates as a bank holding company for Carver Federal Savings Bank, a federally chartered savings bank that provides consumer and commercial banking services for consumers, businesses, and governmental and quasi-governmental agencies primarily in New York.
PUBLICLY-TRADED BLACK-OWNED COMPANY STOCKS
American Shared Hospital Services, together with its subsidiaries, leases radiosurgery and radiation therapy equipment to health care providers in the United States and internationally.
Urban One, Inc., (formerly Radio One) together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. See more at urban1.com.
RLJ Entertainment, Inc., an entertainment content distribution company, acquires content rights in British mysteries and dramas, urban-themed programming, and full-length motion pictures in the United States, the United Kingdom, and internationally. See more at rljentertainment.com. RLJE just launched UrbanMovieChannel.com.
RLJ Lodging Trust is an independent equity real estate investment trust. The firm also manages real estate funds. It invests in the real estate markets of the United States. See more at rljlodgingtrust.com.
BLACK-OWNED ONLINE INVESTMENT/BUSINESS PLATFORMS
Freeman Capital is a modern investment company that offers easy to manage, low cost, online investment solutions (currency trading) for everyday people.
HBCU wall Street is a grassroots organization who seeks to groom the next generation of business owners, entrepreneurs, community leaders and thought leaders by shaping the way they think about money, finances, and accumulation of wealth and ownership.
The HBCU Realty Fund is a business creation and ownership vehicle for real estate that will allow stakeholders to receive higher than average returns on real estate investment. The management team of HBCU Realty Fund management team will work with HBCUs, Students, Local Communities, and Local Businesses to locate, purchase, repair, rent and sell distressed properties in cities with HBCUs.