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2 minority-owned banks will receive $5 million deposit from Fulton Co government | News – Atlanta, Georgia

Atlanta, Georgia 2021-07-07 07:14:00 –

Fulton County (CBS46)-Fulton County Chairman Rob Pitts called for the county to be deposited in a minority-owned bank.

It seems that his wish has come true.

Chairman Pitts and others will be presenting a $ 10 million jumbo check to two minority-owned banks with branches in Metro Atlanta.

Pitts sponsored the resolution on June 2, passing it with the support of all Fulton County Commissioners. $ 10 million comes from federal funding received through the American Rescue Plan.

According to Pitts, some minority borrowers may have difficulty borrowing from traditional banks. The receiving minority-owned banks, Royal Trust Bank and Unity National Bank, are likely to provide loans to minority borrowers, Pitz said.

Unity National Bank is an African-American-owned financial institution and Loyal Trust Bank is an Asian-owned bank.

According to the website Unity National Bank It has branches on Peachtree Street in Atlanta and branches in Houston and Missouri City. Based in Texas.

Royal Trust Bank The head office is located at Johns Creek on Medlock Bridge Road.

Each bank receives $ 5 million.

Copyright 2021 WGCL-TV (Meredith Corporation). all rights reserved.



2 minority-owned banks will receive $5 million deposit from Fulton Co government | News Source link 2 minority-owned banks will receive $5 million deposit from Fulton Co government | News

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