Acknowledges Energy of $1.2 Trillion in Black Annual SpendingLOS ANGELES, June 8, 2020 /PRNewswire/ — OneUnited Bank, the most important Black owned bank within the nation, is proud to help #BlackOutDay2020, a nationwide monetary motion occurring on Tuesday, July 7, 2020. The motion acknowledges the necessity for financial solidarity and requests that not one Black particular person in America spend a greenback outdoors of black owned companies on July seventh.OneUnited Bank brand. (PRNewsFoto/OneUnited Bank)MoreIn 2016, the #BankBlack and #BuyBlack Motion started with a easy textual content and name to motion from Killer Mike to Black America to maneuver its cash to Black owned banks. Since that point, whereas company America remained silent, OneUnited Bank actively supported social justice actions together with #BlackLivesMatter, #TakeAKnee and the #1619Undertaking. The Bank has constantly inspired the Black neighborhood to make use of its $1.2 trillion in annual spending extra purposefully to ship a message that’s half protest, half progress. At the moment with the backdrop of confirmed systemic racism, the Black neighborhood is dealing with one other pivotal second in time.Throughout the nation, America is mourning the deaths of George Floyd, killed by Minneapolis police, Ahmaud Arbery, killed whereas jogging in Brunswick, Georgia, and Breonna Taylor, killed by police whereas sleeping in her house in Louisville, Kentucky. Their murders are added to an extended listing of Black lives misplaced, together with Trayvon Martin, who ignited the #BlackLivesMatter motion, and current extra proof that Colin Kaepernick was proper for taking a knee. At the moment, peaceable protesters, together with numerous ethnicities and generations, are combating for justice for George Floyd and the numerous lives misplaced to police brutality and violence by the hands of vigilantes. But, most of company America continues to stay silent.”As the most important Black owned bank in America, we’re compelled to play a management function to impress our neighborhood and allies in help of #BlackOutDay2020 and to struggle for social justice,” says Kevin Cohee, Chairman & CEO of OneUnited Bank. “We have to use our energy – each our spending energy, our vote and our voice – to demand legal justice reform and to handle earnings inequality.”OneUnited Bank is selling #BlackOutDay2020 to its over 300,000 supporters, shining a light-weight on the motion via social media and offering help to the organizers.Media Inquiries: Suzan McDowell, Circle of One Advertising and marketing, [email protected], or by cellphone at 305-576-3790.ONEUNITED BANK:OneUnited Bank is the premier bank for city communities, the most important Black-owned bank, the primary Black web bank and a Group Growth Monetary Establishment (CDFI). Its mission is to offer reasonably priced monetary companies to help financial growth in city communities and preserve superior monetary efficiency to maximise shareholder value. OneUnited is an FDIC insured bank and an equal housing lender. View unique content material to obtain multimedia:http://www.prnewswire.com/news-releases/oneunited-bank-americas-largest-black-owned-bank-supports-blackout-day-2020-301071665.htmlSOURCE OneUnited Bank
