Revolutionizing sustainable growth: Black-led financial institutions unleash potential with capital access and financial resources
Citizens Trust Bank (CTB), is an impact-driven financial institution that was established in 1921 and is headquartered in Atlanta, GA. Led by a Black, woman CEO and as a designated CDFI and MDI, CTB is committed to closing the racial wealth gap and uplifting Black and Brown communities through financial education and inclusion. CTB has focused on bringing financial
services and products to people of color since its inception, with a deepened focus on providing access to unbanked and underbanked individuals. A critical component of this is both assisting community members in establishing a banking relationship and providing access to lending products. One additional area of focus for CTB that has a resounding impact through BIPOC communities is homeownership assistance.
Homeownership has been the most effective way that Americans build wealth, which can be passed down from generation to generation. CTB-hosted homeownership workshops reach
over 4,000 people annually. With over 90% of its assisted home mortgages located in the communities the Bank serves, and more specifically to people of color, this has broad implications for creating sustainable wealth in BIPOC households and communities beyond.