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News » Black-owned bank gets nearly $1 million in deposits

Black-owned bank gets nearly $1 million in deposits

Citizens Trust Bank IG

Citizens Trust Bank Cynthia N. Day, President and CEO, and the Inaugural Next Generation Advisory Board (Photo courtesy of Citizens Trust Bank)

Citizens Trust Bank has something to boast about. The Black-owned bank has been a major beneficiary in a recent #BankBlack trend. At the start of Black History Month, rapper and activist Killer Mike teamed with Usher to encourage millennial professionals to reinvest in their community.

“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. Its all about supporting our own,” Usher explained when the joined Michael “Killer Mike” Render, the Influencer Coalition and Jermaine Dupri at Atlanta’s only Black-owned financial institution, Citizens Trust Bank on February, 1, 2016.

Bank Black Graphic

Killer Mike agreed with Usher. “Bank small, bank local, bank black,” he said. “Gone are the days of most banks knowing their account holders. I can walk in here and voice my concerns, my complaints — or my compliments — to a live person.  I know the staff here, they know me. I know my dollar counts. We are quick to say what we don’t have but here is a Black institution, 95 years strong and poised to grow, that is supporting the community. If we could get one million black people to come in and open one bank account with 100 dollars, in one weekend, that’s 100 million dollars. This is how we make Black history.”

Citizens Trust Bank with branches in Atlanta; Columbus, Georgia; Birmingham, Alabama; and Eutaw, Alabama has received about 8,000 new applications for depositors in recent days. Minimum deposits are $100.

Cynthia Day, president and CEO of Citizens Trust Bank, thanked Killer Mike on social media “for his call-to-action.” She commended him saying, “Together, we can change the conversation.”

Citizens Trust Bank IG 8000

Back in February, Killer Mike urged his social media followers:

“Me, Usher, Polo the Don & The influencer Coalition will be at 75 Piedmont Ave. 30303 downtown ATL. Noon today.  We are gonna be opening accounts there and we encourage all of u too do the same! U can keep ya big bank account and use this one as a Savings or you can bring the whole operation. What ever u decide make sure at least 1 account is with a black bank turning that dollar in our community!”

His goal of one million people to deposit $100 apiece in small Black-owned banks or credit unions has almost been reached. He concludes those financial institutions will be more likely than other banks to make loans to Blacks and people of color.

USA Today reports the U.S. had 23 black-owned banks, credit unions or savings and loan associations as of March 31, according to the Federal Reserve. The nation’s 156 minority-owned banks collectively hold $131 billion in assets.



  1. thesafesurfer on July 15, 2016 at 9:51 pm

    So I can choose the businesses I use based on race as well?
    I can choose an electrician based on race?

    • Shantel D on July 16, 2016 at 2:33 am

      Duh, they just can’t choose/deny you based on race.

      • thesafesurfer on July 16, 2016 at 11:53 am

        Do you not realize the double-standard of your statement?

        • Sol Rothstein on July 17, 2016 at 3:31 am

          Let’s just be CLEAR…

          There are NO BLACK COMMUNITIES in America…we/Blacks lost them.

          All other races have communities…Black folks we let BLACK WOMEN ruin our BLACK AMERICA…

          We now must RE-BUILD BLACK AMERICA, and that starts by, removing BLACK WOMEN from trying to lead. They can’t do it.

          Black men to have a community you MUST have OWNERSHIP.

          I will leave it at that.

          • thesafesurfer on July 17, 2016 at 2:40 pm

            Racist misogyny.
            What a disgusting combination.

          • Sol Rothstein on July 17, 2016 at 4:15 pm

            Just speaking the truth…

          • thesafesurfer on July 17, 2016 at 4:28 pm

            Fiction not truth.

          • Sol Rothstein on July 17, 2016 at 4:33 pm

            Name them…

            Name the BLACK COMMUNITIES in America. Please, because there are no Black Communities.

            To call something a community you MUST HAVE OWNERSHIP of the Business and Homes.

            Atlanta, is no longer a Black Community. Hispanics own more of Atlanta than BLACKS…

            *** Go review the Atlanta Chamber of Commerce !!!

          • thesafesurfer on July 18, 2016 at 4:17 am

            You racist filth.
            What is “black?” What if I’m only chocolate to you. Don’t I belong? You call skin color a community. Your racist ignorance is just disgusting.
            Don’t you have a wife. Don’t you have kids. Don’t you have a career. Don’t you have a mother, father, sister or brothers? Do you have anything that gives meaning to your life ? Haven’t you done anything meaningful with your miserable life besides sitting around thinking of stereotypes to fill your pea brain so you can judge people you’ve never met by the color of their skin.

          • Sol Rothstein on July 18, 2016 at 10:10 am

            Sir or Madame:

            Please stop insulting my intelligence and BLACKNESS. I refuse to accept your low standards of BLACK America.

            We don’t have Black Communities, get that straight and start RE-Building Black America or sit DOWN.

            We cannot afford to be lied to, and side swiped by ROSY PAINTED pictures of Black America.

            NOW again….

            Name the BLACK COMMUNITIES in The United States of America !!!

            YOU CANNOT

          • thesafesurfer on July 18, 2016 at 11:40 am

            There is no “black America.”
            There are racists like you with the mental capacity of a KKK Grand Wizard, NONE, who think because their skin is darker that they are different than a Ku Klux Klan bigot when in reality they are the flip side of the same coin.

            You are pure racist filth hiding behind genocidal rhetoric.

          • Delvin Edwards on August 23, 2016 at 2:55 pm

            Why are you even commenting on this page. You can’t stop the movement.

          • thesafesurfer on August 23, 2016 at 11:43 pm

            There isn’t a movement. There is only racist rhetoric.

          • Delvin Edwards on August 23, 2016 at 2:55 pm

            Thanks for the truth….. Since the 60’s and 70’s Thanks for black feminist and welfare which required that black men not be in the house. At that time 86% of black families had both parents at home. You are correct and thanks for being so candid.

        • eldwdubu on July 20, 2016 at 9:28 am

          There is no double standard, you so dumb! No one is being denied fool! You just another stupid cracka!

          • thesafesurfer on July 20, 2016 at 10:57 am

            No, you don’t realize the double-standard of your statement.
            You have my pity.

          • eldwdubu on July 20, 2016 at 11:20 am

            You stupid cracka it’s you damn vampires that practice double standards and there is none here, you ignorant mongrel.

    • TruGalt on July 16, 2016 at 1:54 pm

      You whites already have. Don’t worry about us just stay out of our way.

      • thesafesurfer on July 16, 2016 at 2:57 pm

        When say “whites” what shade of skin color are you referring to? How tan or pale is the range.

        What ignorant racism you post.

        • Carla Denise on July 16, 2016 at 7:52 pm

          Funny, I never heard a white person question the “range” of “Blackness.” All I ever heard was: “a nigger, is a nigger, is a nigger…..”

          • thesafesurfer on July 17, 2016 at 11:50 am

            At what age did you begin writing fiction?

    • Jason on July 16, 2016 at 2:35 pm

      Placing an emphasis on circulating your money within your community is necessary for economic survival. White / Asians / Hispanics do it ALL the time, but it seems to be a problem when Blacks wake up and decide to DO THE RIGHT thing by building owning and supporting their businesses. Kudos to Black people everywhere.

      BTW – How often do you go out of your way to spend money with a Black business? Something tells me not very often, but I could be wrong.

      • thesafesurfer on July 16, 2016 at 2:53 pm

        You posted pure fiction. Jews don’t have to circulate their money within their own community. Muslims don’t circulate their money within their community.

        You statements have no basis in fact and completely lack logical, rational support.

        You also stereotype people into groups that do not exist. I’m a human being, not a black/purple/or gold.
        Every single human being on this planet is 99.98% genetically identical.

        You post is ignorant, irrational, and racist.
        The real tragedy is that it is obvious you are oblivious to that reality.

        • chiefal35 on July 16, 2016 at 3:17 pm

          I sense fear in your comments.

          • Sol Rothstein on July 17, 2016 at 3:34 am

            If BLACK FOLKS feared more and stopped trying to play BILLY BAD ASS we would be running things in America.

            Fear is a vital survival emotion. Learn to use it !!!

            Listening to RAP Music and watching too much television has dumbed down the BLACK RACE, you included.

          • Jason on July 18, 2016 at 4:42 pm

            Fear ain’t the word. The fool knows that the end is near for preying off of Black failure.

        • Jason on July 16, 2016 at 3:26 pm

          You comeback with nothing but lies, and I don’t have any facts. Oh well, like I said, it is a good thing. Hopefully more Blacks will build, own and support more of their businesses. Since Black businesses can’t depend on non-Black banks for loans – ABANDON them and put your money in with your own people.

          One thing we know about Jews is they believe that if you take care your people – they will take care of you. Blacks moving their money out of non-Black Banks into Black owned banks is a good move.

          • Sol Rothstein on July 17, 2016 at 3:38 am

            IF you want to make BLACK AMERICA better, tell them BLACK WOMEN to stop buying WHITE WOMEN HAIR Weave.

            That put the BIGGEST DRAIN on Black Income…

            FYI –

            – Koreans are now BILLIONAIRES because of BLACK WOMEN and their lust for WHITE WOMEN HAIR Weave.

            – The Human Hair Industry in 2015 was $10.8+ Billion Dollars, (98%) of that was sucked out of BLACK WOMEN’S pockets !!!

            That is where we are losing.

    • guest on July 18, 2016 at 9:10 am

      Every other race/ ethnic group already does chose to business within their own communities. Why do you think the Chinatowns, Little Italys, etc. exist in every major city. I never hear this question asked about these groups, only when blacks decide they want their own because they are tired of being excluded and begging for handouts. You would think conservatives would embrace this kind of self responsibility and reliance since they’re always preaching that those are the things wrong with our communities, but the truth is they really don’t care. It’s similar to a cop killing a black person and they all scream about black on black crime.

      • thesafesurfer on July 18, 2016 at 11:45 am

        What total repulsive racist fiction.
        How a human being with a brain to be so ignorant is just startling.

        You categorize people by their skin color like a butch categorizes meat. You have no idea how unique each of the 7 billion human beings on this planet are. Skin color means nothing. The content of character means everything.

        You have no character, but you have my pity.

        • guest on July 18, 2016 at 2:07 pm

          I suppose you believe blacks created this narrative. “Like meat”, is exactly how those in power look at the rest of us. Especially those at the bottom with very little political and economic power.

          • thesafesurfer on July 18, 2016 at 5:07 pm

            I don’t know what “blacks” are.
            I know what human beings are.
            You certainly don’t.
            Get some professional help.

          • eldwdubu on July 19, 2016 at 2:11 am

            You live in a dream world of naivety.

          • thesafesurfer on July 19, 2016 at 2:26 am

            I live in the real world. My next door neighbor is black married to a white women with mixed race child.
            They are a wonderful family.
            You have my pity.

          • eldwdubu on July 19, 2016 at 2:59 am

            Is that what you rest your assumptions on, hell my family have multiple mixed marriages, multiple mixed kids, like I said you live in a world of naivety, your pity is irrelevant. We adopted siblings of a different race as babies that had no where else to go they are 13 and 14 now and doing very well with my 2 blood kids. I speak from a world steeped in multi racial relations. There is a reason the Republican Party is 99.9% white and have a racist hate filled fascist as its nominee with white supremacist support. I think you are projecting.

          • thesafesurfer on July 19, 2016 at 9:34 am

            I feel sorry for your children. They deserve better than being raised by an ignorant, racist like yourself.
            Too bad they won’t know what it’s like to be a human being instead of someone defined by their race by the man who raised them.

          • thesafesurfer on July 18, 2016 at 9:22 pm

            Racist created the narrative. Racist like you perpetuate it.

      • thesafesurfer on July 18, 2016 at 5:11 pm

        Chinatown began because of segregation not choice.
        Have you ever been to either Chinatown in San Francisco or Los Angeles. They are tourist traps not ethnic neighborhoods.

        You ignorance is just revolting.
        Human beings are unique individuals not defined by stereotypes based on skin color.

        Get some professional help.

    • Rain Man on July 18, 2016 at 9:48 am

      Black dollars don’t circulate for a very long time within the community because we don’t support our own businesses. Whites, Asians, and other groups don’t patron black businesses. The only way a minority can protect itself financially is to do just that.

      White people have said for a long time that without them we’d just be some bone in the nose niggers in the Jungle, so why not just leave us to our own devices?

      • thesafesurfer on July 18, 2016 at 11:43 am

        How disgusting to talk about flesh and blood human beings with categories like those of cuts of meat in a butcher shop as if human beings we so uniform and identical- white=New York Strip, Black=Filet Mignon.

        Are you so far gone that you can’t see the chasms of your own world view.
        Human beings are unique individuals capable of unimaginable good and evil that their skin color has nothing whatsoever to do with.

        You have my pity.

        • ConcernedCitizen on July 18, 2016 at 11:28 pm

          It’s easy to hate. And it’s LAZY to hate. That’s why we do it. Because we are weak. We’re overweight, “educated”, lazy people who choose to live off of our grandparents hardships. It’s disgusting. Black used to mean strength and our generation has turned it into “food stamps” and Bs protests as an excuse to stay home from work. It’s fine, all you “non-uncle toms” can stay angry while I raise my family and break bread with my “white” co-workers. Unbelievable…

          • thesafesurfer on July 18, 2016 at 11:33 pm

            Black. white, brown, and yellow mean nothing.
            People are unique, individual human beings.
            Stereotyping them by skin color is simply racist.

      • ConcernedCitizen on July 18, 2016 at 11:22 pm

        How many white people you know who have said this to you or someone you know? We can listen to racebaiting Bs like that or we can stop pretending that we’re not the ones who are destroying ourselves. Black males kill more black males than any other race/creed/color/religion/law enforcement. And another thing, we insist on acting like “our” generation are the ones who suffered. MLK’s teachings are what got us out of slavery because we chose love over hate. He would be disgusted with how most of us act now. And, our grandparents weren’t weak. MLK wasn’t weak. WE’RE OUR OWN PROBLEM. All we have to do is stop shooting each other and take care of our seeds. This shit ain’t difficult. And instead of wasting our money on colleges, how about GETTING A JOB

    • MarlboroStan on July 18, 2016 at 7:58 pm

      Y’all already doing that though. Black folks are just now catching up to the game. No way would someone like you hire a black contractor, business, or professional black individual to perform a service for you.

      • thesafesurfer on July 18, 2016 at 9:01 pm

        My own assistant is black. You are simply an ignorant racist.
        You have my pity.

        • MarlboroStan on July 20, 2016 at 4:08 pm

          Sure, sure you do.

          • thesafesurfer on July 21, 2016 at 12:12 am

            My next door neighbor too. He is married to a white women and they have a mixed race child.

            You are racist filth.

      • ConcernedCitizen on July 18, 2016 at 11:34 pm

        You’re making excuses. If a brother being elected into the seat of the US Presidency doesn’t show you that the majority of this Country has moved past race then it’s obvious that you’re choosing to see the minority racists that still exist. I guess the question is why. And the only answer I come up with is that we’re lazy. It’s easy to hate and assume no one will do business with us. And God forbid they do – then we’re Uncle Tom Nxxxxx”. We’re our own worst enemy

        • MarlboroStan on July 20, 2016 at 4:08 pm

          And you’re still in denial.

  2. TruGalt on July 16, 2016 at 1:54 pm

    Well done!

  3. monalisa15 on July 16, 2016 at 4:07 pm

    White people this is not your business. This is a movement for black people. Stop making ignorant comments. Whites already have their system set up to benefit them.

    • ConcernedCitizen on July 18, 2016 at 11:39 pm

      There’s no system. You’re welcome to join us “Uncle Toms” anytime. But you choose to ignore who’s hurting us most. ITS US. We hate each other the most. I can feel the resentment from black brothers because I choose to not carry on this stigma and “talk black” or watch “black comedy”. That’s fine, but good luck being a business owner seeking only black business. Can you imagine if only black bought our records? Exactly..

      • monalisa15 on July 19, 2016 at 12:04 am

        Blacks had more successful businesses during segregation than today. We don’t need white people to be successful.

  4. Gracie on July 16, 2016 at 6:12 pm


  5. eldwdubu on July 17, 2016 at 3:30 pm

    It’s strange that there are Asian banks, Latino banks but white people get all upset that Blacks are moving their money to Black banks. So many hate filled white people.

    • ConcernedCitizen on July 17, 2016 at 10:24 pm

      Banking Black is a personal choice and there’s nothing wrong with it. Plus, people are less likely to default on a loan if they have to face a “friend” at their local bank. But honestly, the reason why Black communities and black institutions haven’t survived/thrived is because they don’t have the respect for each other like other race groups do. Maybe we can learn to love other races when we can finally learn to love ourselves. That’s what keeps us enslaved. We’re our worst enemy. We shoot each other every day by the dozens and we expect society to care when the police do it to us. Maybe if we stopped killing each other people would take our movement more seriously. Of course our self hate is rooted in our past oppression but how far removed from slavery will we have to be to begin to finally love each other again?

      • Rain Man on July 18, 2016 at 9:42 am

        Far removed from slavery? I’m sorry but listen to yourself. As if there hasn’t been a 150 year history of sabotage since then…

        • ConcernedCitizen on July 18, 2016 at 9:52 am

          Yes you’re right. And it’s been at the hands of each other. Maybe when we stop acting like victims we’ll stop being treated like victims. Once we start joining other black families that work hard and act like we’re not different without being called Uncle Toms. It’s ridiculous. Why can’t we just join American culture?

          • Dunit on July 18, 2016 at 10:38 pm

            There would be no American culture without blacks. Most American inventions, and orginal creations are from the minds of blacks. There’s no America without blacks. We don’t have to “join” anything. We are America.

          • ConcernedCitizen on July 19, 2016 at 12:00 am

            I agree. That’s true. But we still only make up 17% of the Country. The Hispanics will run this this show shortly and we’ll still be trying to further alienate ourselves through black support. Is that not an obvious losing strategy that has been unsuccessful for a 100yrs?

      • eldwdubu on July 18, 2016 at 10:53 pm

        Yet you make no comment about the anger and hate of white people anytime Black people try to economically empower themselves, organize for their own benefit. It’s like we need their permission. But you came straight out and criticized and condemn Blacks when they are doing something positive for the community. I think you need to examine yourself, you have a good dose of self hate too.

        • ConcernedCitizen on July 18, 2016 at 11:48 pm

          You’re focusing on the anger of whites when that ignorant group is not the majority. Who cares. We don’t need to be “black” or different. Do you know any “black people” who were raised in England? Do they talk black, act black, support black business? No. Now, that is of course because we were enslaved here in America. But why keep perpetuating that past. Our goal is to be EQUAL. This is stupid. You all can keep protesting and I’ll walk by you holding hands with my Turkish wife and ill be the successful black man/women you know you can and should be. President Obama’s election means something. Don’t let hate set us back 100 years. Let’s move on

          • eldwdubu on July 19, 2016 at 1:34 am

            You can move on all you want we don’t need your attitude. Scat!

        • ConcernedCitizen on July 18, 2016 at 11:56 pm

          Yes it is positive. But we can’t thrive with just Us. We make up only 17% of this Country. Do you really want to alienate us from the rest of that potential commerce? Encouraging more black support is reasonable but we MUST be careful not to alienate ourselves from the white people who really do see no color lines.

          • eldwdubu on July 19, 2016 at 1:30 am

            Hmm, Indians, Asians and Africans segregate business wise seem to be doing fine with their own business culture yet it’s African Americans that need to be careful? Blacks doing the same is a sign of self love and determination. White people see no color line? Wow, that is almost insulting because you are inferring that white people are on a higher moral plane than Blacks. I work for myself I am a capitalist all of my income is capital gains. I got fed up working with white people because of their blatant bias in the investment business. I know for a fact white people see broad color lines. I don’t know what bubble you live in but your perception is off. Black economic empowerment is not only reasonable but essential in gaining respect in this society and most importantly for ourselves. I happen to live in an Asian area of the city and Asians go out of their way to do business exclusively with Asians even if they have to drive across town. Within a 5 mile radius there are at least 8 Asian banks, 2 Latino banks but only 1 African American owned bank in the city that is a quarter African American, Asians are only 5% of the city. An Asian owned bank was built by 100% Asians, no other ethnic group was involved yet they are not worried what white people think. I was so intrigue by what I saw I would drive by that bank often while it was being built and saw only Asians and felt a bit of jealousy. I was so proud to see a line out the door of that little Black owned bank of Blacks opening accounts and moving some or all of their money to that bank. I think there is a group consciousness to do for ourselves that is long overdue and that it is very important that we see each other as assets and create our own Black business culture Blacks thriving through Blacks is essential. We had a Black Wall Street that hate filled white people burned down, looted and massacred 100’s of Blacks, that attitude is still present today.

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