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{{short description|American bank}}
{{short description|American bank}}
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'''Greenwood''' is a bank and financial services company based in Atlanta, Georgia.<ref>{{Cite web|title=Why an Atlanta Rap Mogul Is Starting a Bank - The Journal. - WSJ Podcasts|url=https://www.wsj.com/podcasts/the-journal/why-an-atlanta-rap-mogul-is-starting-a-bank/28045145-94f1-432d-986b-9305d1041313|access-date=2020-10-16|website=WSJ|language=en}}</ref><ref>{{Cite web |last1=Alcorn |first1=Chauncey |title=Killer Mike's new Black-owned bank receives 'tens of thousands' of account requests in less than 24 hours |work=[[CNN]] |date=2020-10-10 |url=https://www.cnn.com/2020/10/10/business/killer-mike-greenwood-bank/index.html |accessdate=2020-10-11 |df=mdy-all }}</ref> By January 26, 2021, the company had 500,000 prospective members.<ref name="CNN-GreenwoodDelays">{{cite news|last1=Alcorn|first1=Chauncey|title=Killer Mike’s bank has to postpone its launch again to catch up to high customer demand|work=CNN Business|date=2021-06-24|url=https://www.cnn.com/2021/06/24/business/greenwood-killer-mike-delayed/index.html|access-date=2021-08-11|df=mdy-all}}</ref>
'''Greenwood''' is a bank and financial services company based in Atlanta, Georgia.<ref>{{Cite web|title=Why an Atlanta Rap Mogul Is Starting a Bank - The Journal. - WSJ Podcasts|url=https://www.wsj.com/podcasts/the-journal/why-an-atlanta-rap-mogul-is-starting-a-bank/28045145-94f1-432d-986b-9305d1041313|access-date=2020-10-16|website=WSJ|language=en}}</ref><ref>{{Cite web |last1=Alcorn |first1=Chauncey |title=Killer Mike's new Black-owned bank receives 'tens of thousands' of account requests in less than 24 hours |work=[[CNN]] |date=2020-10-10 |url=https://www.cnn.com/2020/10/10/business/killer-mike-greenwood-bank/index.html |accessdate=2020-10-11 |df=mdy-all }}</ref> By January 26, 2021, the company had 500,000 prospective members.<ref name="CNN-GreenwoodDelays">{{cite news|last1=Alcorn|first1=Chauncey|title=Killer Mike’s bank has to postpone its launch again to catch up to high customer demand|work=CNN Business|date=2021-06-24|url=https://www.cnn.com/2021/06/24/business/greenwood-killer-mike-delayed/index.html|access-date=2021-08-11|df=mdy-all}}</ref>

The company's name refers to [[Greenwood District, Tulsa]], a prosperous neighborhood known as the Black Wall Street prior to the 1921 [[Tulsa race massacre]], when it was razed by a white mob.{{r|AJC plans}}


== History ==
== History ==

Revision as of 22:20, 17 April 2022

Greenwood
Company typePrivately Held Company
IndustryFinancial services
Founded2020; 5 years ago (2020)
FoundersAndrew Young
Michael Render
Ryan Glover
HeadquartersAtlanta, Georgia, United States
Area served
United States
Key people
ProductsDirect banking services
Websitebankgreenwood.com

Greenwood is a bank and financial services company based in Atlanta, Georgia.[1][2] By January 26, 2021, the company had 500,000 prospective members.[3]

History

It was founded by former Atlanta mayor Andrew Young, rapper–activist Michael Render, and media executive Ryan Glover with $3 million of private investors to address a lack of banking services for people of color and representation of them in traditional banks.[4][5] It hopes that its competition will encourage bigger banks to reach more communities of color.[4]

In April 2021, Greenwood announced that they developed a partnership with MasterCard and they will issue the platform’s first debit cards.[6]

On August 05, 2021, Greenwood announced the launch of Greenwood Studios. Greenwood Content Studios will produce essential personal finance content targeted at the Black and Latino community covering topics like savings, investing, credit building, entrepreneurship, and wealth management.[7]

See also

References

  1. ^ "Why an Atlanta Rap Mogul Is Starting a Bank - The Journal. - WSJ Podcasts". WSJ. Retrieved October 16, 2020.
  2. ^ Alcorn, Chauncey (October 10, 2020). "Killer Mike's new Black-owned bank receives 'tens of thousands' of account requests in less than 24 hours". CNN. Retrieved October 11, 2020.
  3. ^ Alcorn, Chauncey (June 24, 2021). "Killer Mike's bank has to postpone its launch again to catch up to high customer demand". CNN Business. Retrieved August 11, 2021.
  4. ^ a b Peters, Andy (October 8, 2020). "Killer Mike plans bank for Black, Latino consumers". The Atlanta Journal-Constitution. Retrieved October 11, 2020.
  5. ^ Okon, Wongo (October 10, 2020). "Killer Mike Launches Digital Banking Platform For Black, Latinx People". UPROXX. Retrieved October 11, 2020.
  6. ^ Holland, Frank. "Mastercard announces an investment and a partnership in Black-owned businesses". CNBC. CNBC. Retrieved April 22, 2021.
  7. ^ Ohara, Emily. "Greenwood Launches Greenwood Studio to Produce Finance and Business Shows and Podcasts for Black and Latino Audience". Business Wire. Business Wire. Retrieved August 22, 2021.
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