Community Reinvestment
Bank of America Donates Branch Building to South Baltimore Community Group
Economic Action Maryland is celebrating Bank of America’s donation of the historic bank branch (closed 2020) building to the Greater Baybrook Alliance. Read about this awesome collaboration here, here, here or here.
For Decades, African American Communities Have Been Without Enough Local Banking Options
While Northwood and Mondawmin get new banking opportunities, a general decline in the use of storefront banks has exacerbated the problem with most banking deserts. Hear from Economic Action Maryland’s Fair Housing Director, Robyn Dorsey, regarding the unbanked in Baltimore. Read the article here
The Reinvestment Movement Vs. The Bankers
The Community Reinvestment Act is a comprehensive federal law that directs banks to invest in low and moderate income communities from which they take deposits. Economic Action Maryland's Executive Director, Marceline White, is quoted discussing how community groups work to harness the power of the act. Read the article here