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Inside the Largest Black-Owned Bank Merger in U.S. History
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The Root
One historic merger.
Video will return here when scrolled back into view Walter Davis On Building a Black-Owned Bank From Zero to $2 billion To view this video please enable JavaScript.
view video Walter Davis On Building a Black-Owned Bank From Zero to $2 billionTo catch you up, North Carolina’s oldest minority-owned financial institution, M&F Bank, is merging with Optus Financial Corp., the parent company of Columbia, South Carolina-based Optus Bank, the Charlotte Business Journal reported.
Related: Walter Davis On Building a Black-Owned Bank From Zero to $2 Billion“More consolidation has been needed for a while because economies of scale are important.
Davis didn’t shy away from the critical questions surrounding a merger of Black-owned banks of this magnitude.