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3/19/2020

Treasury Announces Freedman's Bank Forum | U.S. Department of the Treasury

Treasury Announces Freedman's Bank Forum
February 28, 2020

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 O ice 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 o icials 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
https://home.treasury.gov/news/press-releases/sm922

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3/19/2020

Treasury Announces Freedman's Bank Forum | U.S. Department of the Treasury

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

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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.

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https://home.treasury.gov/news/press-releases/sm922

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