How banks are working to support Black communities after the impact of George Floyd's death

6 mins read

Sheree R. Curry

Wells Fargo announced in 2021 that it was investing in additional Black-owned banks

Bank branches were battered and burned across America in 2020 following George Floyd’s death. Whether it was the Wells Fargo location on Walnut Street in Philadelphia’s City Center, the Chase Bank on Spring Street in downtown La Mesa, Calif., or the U.S. Bank Branch on East Lake Street in Minneapolis, rioters sent a firm message against systemic racism when they violated these buildings. In response: Banks are sending a message of their own: They are committed to these neighborhoods.

“So often, when tragic events happen, companies abandon communities of color and deem them to be either unsafe or not profitable, but our commitment is to the community,” says Greg Cunningham, U.S. Bank’s senior executive vice president and chief diversity officer.

U.S. Bank remodeled and reopened the three locations in Minneapolis that were destroyed during the civil unrest. “It was never a second thought about whether we rebuild or not,” Cunningham says.

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