Chicago Deposits $20,000,000 in City’s Only Black-Owned Bank

In a move to strengthen Chicago’s local economy, city Treasurer Kurt Summers deposited … hold on while I convert $20 million using the Negrometric exchange rate (let’s see; you carry the 1 … OK, I think I got it).

The city of Chicago “made it rain” on the city’s last remaining black-owned bank when it announced plans to deposit exactly 20,000 “stacks” at Illinois-Service Federal Savings and Loan Association, the Chicago Tribune reports. Read More…