OUR APPROACH

In 2020, NBBF supported a historic transaction with the Atlanta Hawks that leveraged 11 Black-owned banks for a $35MM term financing of their practice facility. This was the first time a major sports franchise has secured financing from Black banks which impacted 25 communities across the country. The case study with the Atlanta Hawks has spurred conversations across the professional sports world – from the MLS who recently supported NBBF to the NBA to the MLB to specific clubs now actively engaged in conversations about banking Black over the next year. In 2022, we estimate Black banks will have participated in over $300 million in credit transactions due to our advocacy work. 

In 2021, NBBF participated in a $45,000,000 transaction to develop The Trade, a new Autograph Collection® hotel by Marriott at the steps of the Fiserv Forum in Milwaukee’s Deer District.

A primary goal at NBBF is to build case studies in all industry sectors – especially those that capitalize and leverage Black talent – to show that Black banks can and will compete when given the opportunity to do so. Transacting meaningful deals with Black banks is one of those rare opportunities in which good business is perfectly aligned with social welfare, because a robustly capitalized Black banking sector will relentlessly chip away at America’s racial wealth and housing gaps by providing housing and small business loans to marginalized populations.