HISTORY LESSON The first Blackowned bank The first U. S. bank organized and operated by African Americans was Washington D.C.'s Capital Savings Bank. Founded in October 1888, the capital it provided helped many Black small business owners-who could not get loans from white-owned institutions-establish thriving businesses in their communities. Just four years after its opening, the bank's deposits totaled more than $300,000, the equivalent of roughly $8.8 million today. In addition to the valuable services it provided to African American people and neighborhoods, the bank was part of a growing movement to create more Black-owned banks all over the country. As a result of these efforts, 134 Black-owned banks were established between 1888 and 1934. While Capital Savings Bank survived the Panic of 1893-and still honored every obligation on demand-it eventually closed in 1902. Today, the site where it stood is designated as a Historic Landmark. SBA loans make ZPV QSPm UBCMF " OE JSSFQMBDFBCMF 5P TNBMM CVTJOFTT DVTUPNFST ZPVSF NPSF UIBO B CBOL :PVSF B MJGFMJOF 4P MFU VT IFMQ ZPV PGGFS UIF 4# " 64% " QSPEVDUT UIFZ OFFE XIJMF QSPUFDUJOH XIBUT DFOUSBM UP ZPVS TVDDFTT MPOHUFSN SFMBUJPOTIJQT ) .T VONBUDIFE FYQFSUJTF TBWFT ZPV GSPN BEEJOH TUBGG PS PWFSIFBE BOE XF IBOEMF UIF XIPMF QSPDFTT GPS ZPV :PV SFEVDF ZPVS SJTL HJWF CVTJOFTTFT BDDFTT UP DBQJUBM BOE DPOUJOVF IFMQJOH DVTUPNFST UISJWF &WFSZPOF QSPm UT QUICK STAT 47% of bankers are either strongly interested in or already working with fintechs in fraud/risk management Source: Cornerstone Advisors Call 800.340.7304 to start www.holtandmon.comhttp://www.holtandmon.com