Industry News – June 17, 2021

Fifth Third Bank Becomes Largest Investor in Detroit Minority Depository Institution With an additional investment of $2.5 million, Fifth Third Bank has become the largest investor in First Independence Bank, the seventh-largest Black-owned bank. The investment is a...

Industry News – June 10, 2021

Philadelphia CDFI Network Is Seeking an Executive Director The Pennsylvania CDFI Network (PA CDFI Network), a membership organization of 17 Pennsylvania-based federally certified community development financial institutions, is seeking its first full-time Executive...

Industry News – June 2, 2021

The White House Announces New Housing and Small Business Programs  The White House announced new housing and small business programs designed to help narrow the wealth gap between Black and white Americans, as President Joe Biden marked the 100-year anniversary of the...

Industry News – May 20, 2021

Bullish Baby Boomers Help Fuel Red Hot Small Business M&A Market Prices have risen dramatically as a result of the bullish business buying. According to the NFIB Small Business Optimism Index, the net percent of owners raising average selling prices increased 10...

Industry News – May 13, 2021

60% of Small Business Owners Expect their Revenue to Increase This Year According to the Bank of America 2021 Small Business Owner Report, U.S. small business owners have started to regain their footing after an unprecedented year of challenges brought on by the...