Categories: U.S. Treasury

Treasury Announces Freedman’s Bank Forum

The Forum will honor the Bank’s legacy, discuss economic opportunity for all Americans

The U.S. Department of the Treasury today announced plans to host the Freedman’s Bank Forum on Tuesday, March 3, 2020. The Forum commemorates the 155th anniversary of the Freedman’s Savings and Trust Company’s charter. Freedman’s Savings and Trust Company, commonly referred to as the Freedman’s Bank, was created to provide economic opportunity for newly emancipated Americans. The Department of the Treasury is hosting the Forum with the participation of the National Credit Union Administration, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve System.

“The story of the Freedman’s Bank illustrates the importance of financial opportunity to all Americans,” said Secretary Steven T. Mnuchin. “The Freedman’s Bank Forum will honor the Freedman’s Bank legacy, and highlight the important work to promote economic prosperity in communities across the United States.”

The Forum’s goals are:

  • To honor the historical significance of the Freedman’s Bank;
  • To engage in a dialogue that both informs and highlights the Federal government’s programs and policies related to Minority Depository Institutions; and
  • To promote opportunities that support economic development for all American communities.

Secretary Mnuchin and Robert L. Johnson (Founder and Chairman, The RLJ Companies; Founder and former Chairman, Black Entertainment Television) will participate in a fireside chat to discuss these goals.

The Forum will have multiple panels featuring prominent regulatory officials and private and non-profit sector leaders. The speakers will focus on honoring the legacy of the Freedman’s Bank and discuss the important role that Minority Depository Institutions play in broad-based economic growth, and public and private strategies to address the financial health and community and economic development. The panels include:

  • The Legacy of Freedman’s Bank in the Pursuit of Building Wealth;
  • Minority Depository Institution Preservation;
  • Expanding Banking Opportunities Through Innovation and Partnerships;
  • Investing in Entrepreneurs and Businesses; and
  • Financial Literacy and Building Wealth.

Full schedule of events and speakers.

More information about the Freedman’s Bank HERE.

The livestream.

Due to space constraints, press availability will be limited to the livestream for the duration of the Forum, with the exception of Secretary Mnuchin’s fireside chat. To RSVP for the fireside chat, please email press@treasury.gov.

####

IR Press

View Comments

  • To: The Department of Treasury,
    U.S. Treasury make me so many emotions... Thank You so much for all you made for me. I will never forget this event...
    and want to say Thank you for Federal Deposit Insurance,I know you have so many patience.. and the Board Governors of the Federal Reserve System, All your Support made me feel much Better. Thanks to you for All...

Share
Published by
IR Press

Recent Posts

Treasury Issues Final Rule Expanding CFIUS Coverage of Real Estate Transactions Around More Than 60 Military Installations

WASHINGTON – Today, the U.S. Department of the Treasury (Treasury), as Chair of the Committee…

2 days ago

U.S. Department of the Treasury’s CDFI Fund and Federal Housing Finance Agency Collaborate to Bolster CDFI Access to Capital

WASHINGTON—Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) and…

2 days ago

Report on U.S. Portfolio Holdings of Foreign Securities at Year-End 2023

Washington – The findings from the annual survey of U.S. portfolio holdings of foreign securities…

3 days ago

READOUT: U.S. Department of the Treasury Hosts Roundtable Discussion on the Financial Sector’s Response to Recent Hurricanes

WASHINGTON – The U.S. Department of the Treasury hosted a roundtable on October 30 with…

3 days ago

READOUT: Sixth Meeting of the Financial Working Group Between the United States and the People’s Republic of China

WASHINGTON – The United States and the People’s Republic of China held the sixth meeting…

3 days ago

Treasury Sanctions Key Members of La Linea, a Group Involved in Trafficking Fentanyl into the United States

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned…

3 days ago