Black-led financial institution looks to create access to capital

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One thought on “Black-led financial institution looks to create access to capital

  1. I am glad Equity 1821 is featured in this article, which is well written. I do think IBJ failed to recognize the founding and operation of Midwest National Bank, a Black-owned and controlled national bank, in the mid-1970’s. Led by Dr. Frank Lloyd, Midwest National Bank focused on providing capital to minority owned businesses and individuals. It was supported in many ways by Indiana National Bank and American Fletcher National Bank, both being large publicly held national banks in Indy committed to finding better ways to serve the Black community. I believe Midwest National Bank was the “first” Black-led financial institution in Indianapolis, and it was far more substantial in terms of assets and capitalization than Equity1821.

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