Trending...
- 450 Million Revenue Run Rate, Global Telecom Reach and a New Digital Growth Opportunity Take Center Stage: IQSTEL, Inc. (N A S D A Q: IQST)
- Canada's First Data Lakehouse Goes Global in Banking: Nabil Bank Becomes Nepal's First Bank to Implement a True Agentic Lakehouse Platform, DataNature
- Nious Media Expands Independent Entertainment Network Through Gaming, Music and Digital Storytelling
ATLANTA, July 12, 2024 ~ On Friday, July 12, 2024, the Freedman's Bank Forum was held at Shaw University in Raleigh, North Carolina. Co-hosted by the U.S. Department of the Treasury, Operation HOPE, and Shaw University, the annual event aimed to honor the legacy of the Freedman's Savings and Trust Company and discuss new approaches to increase economic participation for all Americans.
The forum featured a lineup of esteemed speakers including U.S. Deputy Secretary of the Treasury Wally Adeyemo, Governor Roy Cooper, Operation HOPE CEO John Hope Bryant, and officials from the Biden-Harris Administration. Leaders from various sectors such as public, private, nonprofit, and philanthropic were also in attendance.
The Freedman's Savings and Trust Company was established in 1865 by President Abraham Lincoln to provide financial tools for newly emancipated Black Americans. Its mission was to help them safeguard their earnings, build financial security, and generate family wealth. The bank had 19 original branches across the country with one located in Raleigh.
More on ncarol.com
The idea for the Freedman's Bank Forum was first proposed by Operation HOPE Founder and CEO John Hope Bryant in 2015. This came after then-Treasury Secretary Jack Lew christened the Treasury Annex as the "Freedman's Bank Building" at Bryant's request.
The forum serves as an annual convening for diverse groups to come together and brainstorm new approaches to address economic inequity. It also provides a platform for building connections to execute these ideas.
The event kicked off with opening remarks from various speakers including pre-recorded messages from Secretary Janet L. Yellen and Congresswoman Valerie Foushee. Governor Roy Cooper and Dr. Paulette Dillard, President of Shaw University also gave remarks along with John Hope Bryant himself.
Following the opening remarks was a fireside chat between U.S. Deputy Secretary of the Treasury Wally Adeyemo and John Hope Bryant. The conversation delved into the Administration's efforts to deliver capital to underserved communities, Treasury's investments in Black financial institutions, and the legacy of Freedman's Bank.
More on ncarol.com
Prior to the forum, Deputy Secretary Adeyemo and Mr. Bryant met with local Operation HOPE financial coaches and their clients. This gave them a firsthand look at how Operation HOPE's "HOPE Inside" model helps individuals overcome financial challenges and become successful small business owners and creditworthy banking consumers.
The event also included a panel discussion on how local and regional organizations in Raleigh are utilizing funds from national initiatives to increase capital and tech assistance among Black entrepreneurs. Moderated by Armer Kenchen from the NC Rural Center, the panel featured Travis Rouse from M&F Bank, Crystal German from Self-Help Credit Union, and Roberta McCullough from the Institute Capital National Institute of Minority Economic Development.
The forum concluded with closing remarks from Mayor Stephen K. Benjamin, Assistant to the President, Senior Advisor to the President, and Director of the White House Office of Public Engagement. The event was livestreamed for those who were unable to attend in person.
The Freedman's Bank Forum served as a reminder of the importance of economic empowerment for all Americans. Through discussions on new approaches and success stories in Raleigh, it highlighted the legacy of Freedman's Bank and its continued relevance in today's society.
The forum featured a lineup of esteemed speakers including U.S. Deputy Secretary of the Treasury Wally Adeyemo, Governor Roy Cooper, Operation HOPE CEO John Hope Bryant, and officials from the Biden-Harris Administration. Leaders from various sectors such as public, private, nonprofit, and philanthropic were also in attendance.
The Freedman's Savings and Trust Company was established in 1865 by President Abraham Lincoln to provide financial tools for newly emancipated Black Americans. Its mission was to help them safeguard their earnings, build financial security, and generate family wealth. The bank had 19 original branches across the country with one located in Raleigh.
More on ncarol.com
- EMBER™ Unveils the Workplace Identity Score™ (WIS™), the First Standard for Measuring Workplace Impact on Workforce Performance & Business Growth
- With Oil Prices Surging…Sky Quarry's Nevada Refinery Is Back in Action — CEO Highlights a Powerful New Growth Chapter for (N A S D A Q: SKYQ)
- Preston Dermatology & Skin Surgery Center and Dr. Sheel Desai Solomon Win Gold in Raleigh's Best Awards for Second Consecutive Year
- We are Talker Study: 64% of AI Users Have Bought From a Brand AI Introduced, as The Invisible Shortlist Reshapes Brand Discovery
- One in three Americans may have lost track of retirement savings from a previous job
The idea for the Freedman's Bank Forum was first proposed by Operation HOPE Founder and CEO John Hope Bryant in 2015. This came after then-Treasury Secretary Jack Lew christened the Treasury Annex as the "Freedman's Bank Building" at Bryant's request.
The forum serves as an annual convening for diverse groups to come together and brainstorm new approaches to address economic inequity. It also provides a platform for building connections to execute these ideas.
The event kicked off with opening remarks from various speakers including pre-recorded messages from Secretary Janet L. Yellen and Congresswoman Valerie Foushee. Governor Roy Cooper and Dr. Paulette Dillard, President of Shaw University also gave remarks along with John Hope Bryant himself.
Following the opening remarks was a fireside chat between U.S. Deputy Secretary of the Treasury Wally Adeyemo and John Hope Bryant. The conversation delved into the Administration's efforts to deliver capital to underserved communities, Treasury's investments in Black financial institutions, and the legacy of Freedman's Bank.
More on ncarol.com
- Political Concerns Drive US Investors to Golden Visas
- Nious Media Expands Independent Entertainment Network Through Gaming, Music and Digital Storytelling
- Drake Turns 40 With Backstreet Boys; KayeDinero Drops "The Bounce (Elmo Mix)"
- Triangle Home Safety Offers Aging in Place Services Across Raleigh, Cary and Apex
- 2027 Health Insurance Open Enrollment
Prior to the forum, Deputy Secretary Adeyemo and Mr. Bryant met with local Operation HOPE financial coaches and their clients. This gave them a firsthand look at how Operation HOPE's "HOPE Inside" model helps individuals overcome financial challenges and become successful small business owners and creditworthy banking consumers.
The event also included a panel discussion on how local and regional organizations in Raleigh are utilizing funds from national initiatives to increase capital and tech assistance among Black entrepreneurs. Moderated by Armer Kenchen from the NC Rural Center, the panel featured Travis Rouse from M&F Bank, Crystal German from Self-Help Credit Union, and Roberta McCullough from the Institute Capital National Institute of Minority Economic Development.
The forum concluded with closing remarks from Mayor Stephen K. Benjamin, Assistant to the President, Senior Advisor to the President, and Director of the White House Office of Public Engagement. The event was livestreamed for those who were unable to attend in person.
The Freedman's Bank Forum served as a reminder of the importance of economic empowerment for all Americans. Through discussions on new approaches and success stories in Raleigh, it highlighted the legacy of Freedman's Bank and its continued relevance in today's society.
Filed Under: Business
0 Comments
Latest on ncarol.com
- Latin GRAMMY-Winning Cuban-American Conductor Dr Yalil Guerra to Lead Pepperdine's Oklahoma!
- Highsfield Showcases Earth Zoom Generator for Cinematic AI Videos
- Patton AI Launches Patton Hive 4.5: Wartime Breakthroughs for Drones and Robots When GPS Goes Dark
- Wisdom trumps wrinkles: 66% of Aussie women wouldn't turn back the clock
- Attorney Jason M. Sullivan Quoted in The Telegraph on Trump's $10 Billion BBC Lawsuit
- Sycamore Dove Releases "Loving Every Moment"
- Hospital Direct Medical Equipment Company Seeing Growth in Used Refurbished Medical Equipment Sales
- Scoop Social Co. Brings Its Signature Mobile Dessert Experience to Nashville
- Soft & Sweet Unveils New Studio Location and Website for All-Natural Sugaring in Las Vegas
- Beyond Popularity Rankings, The World's No.1 Superstar® Wins Best Pop Music Video for "Under Your Spell"
- Simpalm Staffing Launches Tax Preparer Staffing for U.S. CPA Firms
- ASSIST Software Wins Volkswagen Challenge for Automated Quality Inspection
- National Literacy and Workforce Readiness Crisis Sparks New Program Launching in Birmingham
- New England Consulting Partners Celebrates 25 Years of Turnaround Management Solutions
- RAS AP Consulting Releases Educational Resource to Help Organizations Prepare for IRS FIRE-to-IRIS Transition
- Roots, Rhythm & Joy Invites Neighbors to Find Community Through Music
- Former Goddard Enterprises Managing Director Anthony Ali Joins STS Capital Partners as Managing Director and Partner
- Disney Streamer Network Establishes Creator Code of Conduct
- Heritage at Manalapan Announces Limited-Time Mortgage Rate Buydown on Select Quick Move-In Homes
- Good Organics Now at Pop Up Grocer NYC With October 30 Sampling Event