Word: banke
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Dates: during 1960-1969
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...thieves also searched other offices in the building. According to Roderick, they tried to steal a piggy bank in an upstairs office, but, finding only 30 cents inside, left it up-turned...
...idea for a bank in Roxbury came from a Negro student at Harvard Business School, John Hayden, now 26. He wrote his master's thesis on black banking and then started buttonholing influential people, including Sneed. Businessman Sneed, who never went to college, did most of the groundwork. He advertised "the bank with a purpose" in the ghetto weekly and sold $10 shares in the venture to 3,358 small investors. Boston's National Shawmut Bank and the New England Merchants National Bank contributed advice...
Business at Unity is done in a deliberately casual atmosphere designed to put people at ease. Rock music plays softly from loudspeakers. Bank employees banter with people who just drop in to have a neighborly chat. "We're more than a bank," says Sneed. "If we have to say no to a customer, we say, 'No. Because...
Psychological Need. In Seattle, more and more Negroes who previously did not believe in depositing money in any bank are putting their trust in Liberty Bank, which opened last May. Within the first 70 days, deposits reached $1,000,000; they had more than doubled by Dec. 31. Liberty's vice president, James I. Burton, 46, an engineer by training, says: "The bank has given pride and impetus to the black community. I think it demonstrates that the Negro doesn't want everything handed...
...sentiments are echoed by La-Vannes C. Squires, 38, president of Kansas City's Swope Parkway National. The black-owned bank is "a major psychological need for the Negro, particularly the young," he says. Set up last July, Swope Parkway now has more than $3,000,000 in accounts...