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Why America needs black-owned banks: Justin Garrett Moore was among those who heeded the call after receiving multiple texts from friends about #BankBlack in July.
Feeling he had to act, the New York urban planner opened savings accounts at two banks, Liberty and OneUnited, that are majority-owned by African-Americans. He first withdrew $1,000 from his account at a national bank and deposited half in each account. Over a few months, he gradually transferred a total of about $12,000 to the black banks. He later closed his account at the national bank and started spending time urging others to join the #BankBlack campaign.
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