With the goal of increasing access to capital and banking resources in communities traditionally underserved by financial services, The Claro Group today announced it has shifted a significant portion of the Firm’s deposits to Liberty Bank and Trust, a New Orleans-based black-owned bank operating in the Chicago area. The action demonstrates the Firm’s commitment to what’s becoming known as the #BankBlack or #JusticeDeposits movement.
Notes Managing Director and head of Claro’s Diversity, Equity & Inclusion (DEI) initiatives, Katie McNally: “Claro is committed to supporting equity in all forms, both inside the Firm and in society at large. We’re honored to have the opportunity to support Liberty and their mission as advocates for homeownership, economic development, education, and health care for communities of color.”
Read full Press Release here: https://www.businesswire.com/news/home/20220518005831/en/The-Claro-Group-Shifts-Working-Capital-to-Black-Owned-Bank-Liberty-Bank-and-Trust-to-Help-Fuel-Growth-and-Build-Wealth-in-Under-Resourced-Communities?utm_campaign=shareaholic&utm_medium=copy_link&utm_source=bookmark