Its primary location is at 2602 Blodgett St., with the bank also operating branches in Missouri City and Atlanta, Georgia. Unity National Bank, which was founded in 1963 and chartered in 1985, bills itself on its website as the only Black-owned banking institution in the state. "As part of our commitment to increase supplier diversity and create lasting and sustainable change, this investment will enable Unity Bank to increase its offerings and drive meaningful impact within the communities it serves." "We have a responsibility to improve and support the communities in which we live and work," Nancy Buese, the chief financial officer for Baker Hughes, said in a news release announcing the investment. Morgan fund provided an opportunity for the company to marry its goals of “earning income on our liquidity with our supplier diversity and (diversity, equity and inclusion) programs.” The 2-year-old initiative includes Unity and 11 other minority- and diverse-led financial institutions across the United States and aims to advance racial equality by bringing new economic opportunities to underserved communities.Ī spokesperson for Baker Hughes said the interest-bearing investment into the J.P. Morgan Asset Management's Empower share class program. The only Black-owned bank in Texas is benefitting from a $50 million infusion from a Houston-based energy technology company.īaker Hughes announced Monday that it made an investment into Unity National Bank, which is headquartered in Houston's Third Ward, through J.P. in Houston’s Third Ward, is the only Black-owned bank in Texas. To learn about FDIC insurance for deposits with member banks, please visit Hagerty Unity National Bank, headquartered at 2602 Blodgett St. Unity Bank is a member of the Federal Deposit Insurance Corporation (FDIC). Unity Bank provides community-oriented commercial banking services, including deposit accounts, loans, online and mobile services. For more information, please visit or call 800-618-BANK (80). Unity Bank provides financial services to businesses and consumers at 20 branches throughout New Jersey and the Lehigh Valley, Pennsylvania. (NASDAQ: UNTY), the parent company of Unity Bank, its primary and wholly owned subsidiary, is a financial services organization headquartered in Clinton, New Jersey. For more information, visit ICBA's website at About Unity Bancorp, Inc. Holding $5.8 trillion in assets, $4.8 trillion in deposits, and $3.8 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers' dreams in communities throughout America. With nearly 50,000 locations nationwide, community banks employ nearly 700,000 Americans and are the only physical banking presence in one in three U.S. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services. The Independent Community Bankers of America ® creates and promotes an environment where community banks flourish. To see the full Best-Performing Banks 2023 list, please visit ICBA at About ICBA A bank must have a rating of C or higher by Kroll Bond Ratings (formerly LACE) to be considered for ranking. ICBA then divides the community banks into three broad segments based on asset size and ranks each segment based on the three-year weighted average ROA. Using Federal Deposit Insurance Corporation (FDIC) data, ICBA takes into account pre-tax return-on-assets (ROA) figures from the past three years, with the most recent year weighted at three times, second most recent year at two times and third most recent year at one time. ICBA compiles the rankings by recognizing community banks who are high performers over several years.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |