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Killer Mike, Solange help fuel influx into black owned banks

Citizens Trust Bank reveals "more than 8,000 people have opened an account."

Jim Bennett // Jim Bennett/Corbis

In light of our nation's current social climate, Killer Mike, Solange, Jermaine Dupri and more have been instructing many to move toward supporting black-owned businesses and financial institutions. This push has actually been in place for some time now. In fact, it was just a year ago when Killer Mike sat on "The Tavis Smiley Show" and spoke on his desire to see the black community "self-segregate" its money by frequenting more black banks and credit unions. "I care that we have a one trillion dollar spending base and if you want to see change, you have to start to focus on, economically, how can we change our communities," he said. Fast forward to his interview with Atlanta's Hot 107.9 last week, Mike echoed those sentiments once again, encouraging listeners to transfer their money to Atlanta-based and African American-owned Citizens Trust Bank.

On Sunday (July 10), Solange announced on her personal Instagram page that it was "time to literally put my money where my mouth is" and posted a directory on the many black-owned businesses throughout New Orleans, along with a list of 21 black-owned banks in the United States on Saint Heron's website. Now, as Pitchfork points out, the push toward this direction has seen a big influx as Citizens Trust reveals the institution has seen a rise in new accounts.

A marketing director at the bank told the publication that in the last month, they've "definitely seen a huge influx of account openings."

Killer Mike responded to the news on IG, revealing a goal of $100 million for the bank.

In an interview back in February, Usher encouraged the move stating, "empowerment starts with ownership."

"We’re here supporting Citizens Trust Bank as a Black bank, but it also stands for the support of all the Black businesses that they support," he told RollingOut.com "Its all about supporting our own." With the latest update on Citizens Trust's influx, it appears that this call has since been made into action.

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