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Black-owned bank paved way for future institutions

...history. For evidence, look at Augusta's Broad Street branch of Atlanta-based Capitol City Bank & Trust Co. The black-owned bank serves the community just as Penny Savings did nearly a century ago. "If it were not for the Penny Savings banks...

http://chronicle.augusta.com/stories/2006/02/26/bus_59591.shtml
Business
New CEO hopes to revive century-old black bank

...mission: reviving a century-old black-owned bank hobbled by bad loans and dogged...oldest continually operating black-owned bank in the country. The privately...through a merger with another black-owned bank. Daniel R. Perkins Jr...

http://chronicle.augusta.com/stories/2004/02/02/bus_403088.shtml
Business
Augusta Commission board votes to buy former Penny Savings Bank

...Russell.Founded in 1910 by 15 black entrepreneurs, the Penny Savings Loan & Investment Co. was Augusta's first black-owned bank. The bank declared bankruptcy after a merger with an Atlanta bank and closed its doors in 1928. The city is buying...

http://chronicle.augusta.com/news/government/2011-07-25/augusta-commission-board
Redevelopment agency approves budget

...Wheeler also told URA board members of a proposal to purchase the former Penny Savings Bank, the city's only black-owned bank, and convert it into the headquarters of Housing and Community Development, which will save HCD some $200,000...

http://chronicle.augusta.com/latest-news/2011-02-16/redevelopment-agency-approve
Latest News | Urban Renewal | Government
Market share rises to No. 2

...15, with $16.6 million in deposits. - The Augusta branch of Atlanta-based Capitol City Bank & Trust, a black-owned bank that targets black consumers, saw the biggest gain in deposits, from $1.3 million to $4.5 million, a 246...

http://chronicle.augusta.com/stories/2006/10/17/bus_100789.shtml
Business
Across the area

...feature a commencement speech by Ray Robinson, the chairman of the board of Citizens Trust Bank, the sixth-largest black-owned bank in the nation. The baccalaureate program will be at 4 p.m. Saturday at Gilbert Lambuth Memorial Chapel. Manager...

http://chronicle.augusta.com/stories/2007/04/30/met_126654.shtml
Metro | Aiken County Crime | Augusta State University
Across the area

...feature a commencement speech by Ray Robinson, the chairman of the board of Citizens Trust Bank, the sixth-largest black-owned bank in the nation. The college will hold its baccalaureate program at 4 p.m. May 5 at Gilbert Lambuth Memorial Chapel...

http://chronicle.augusta.com/stories/2007/04/27/met_126270.shtml
Metro | Aiken County Crime | Augusta State University | Butler High School
Rejuvenation program seeks money from black communities

...go to Armed's," said Ruthie Bennett, a senior vice president at Founders National Bank of Los Angeles. The black-owned bank is proud of its record of lending to black business owners, Ms. Bennett said. "We want to give back to the community...

http://chronicle.augusta.com/stories/1997/01/12/biz_202441.shtml
XXX Bizarre
Faith digest

FAITH DIGEST Economic session Capital City Bank, the first black-owned bank in the Augusta area, will hold an economic empowerment workshop at 9 a.m. today at Thankful Baptist Church, 302 Walker St...

http://chronicle.augusta.com/stories/2005/05/14/rel_453180.shtml
Your Faith
Victory Bank struggles with financial woes

COLUMBIA -- South Carolina's only black-owned bank, Victory State Bank, is struggling under losses of nearly $1.3 million the past two years. The bank, whose building is for...

http://chronicle.augusta.com/stories/1999/03/01/met_254816.shtml
Metro
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