A pair of Black-led banks have merged to form an institution worth more than $1 billion

City First Bank and Broadway Federal Bank announced their merger on Wednesday. Combined, the lenders said they would have more than $1 billion in assets.City First President and CEO Brian E. Argrett said the two banks have been working on their deal for a year. "We were going to do this deal because it made sense and because it would deliver additional resources to our communities," Argrett told CNN Business on Thursday.

City First Bank President and CEO Brian Argrett photographed in Washington DC in 2014Los Angeles-based Broadway Federal is a community-oriented savings bank dedicated to providing conventional loans to minority consumers who often are ignored by mainstream commercial banks, according to the company's website.Read MoreCity First, which is based in Washington DC, describes itself as an"impact-driven" institution that specializes in lending to underprivileged people and communities.

This will make change and address equity, this is the ground up activism needed. Money creates opportunity BLM equity socialjustice bethechange

So they issue loans based on the color of a person's skin? Sounds racist to me.

Yes, that's the way to go.

So people who own banks are the minority No wonder all you black millionaires sports stars still feel oppressed Is the money black or white

Life in Democrat run cities

What is the term Black-led? From now on, let's think about wording.

The Broadway Bank been around for years Great news

BLM is a joke of an organization.

Because they listened to And Took Action

White Banks has a problem with Black success

Whack job alert Corrupt News Network

We need Bezos to buy them out ASAP

AM GIVING OUT $20,000.00 THE FIRST 12 PEOPLE THAT MESSAGE ME RIGHT NOW.

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