(Photo credit: Nancy Harty via blavity.com)
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Chicago Deposits $20 Million into Illinois Service Federal and Loan Association, the City’s Last Black-Owned Bank
The Illinois Service Federal and Loan Association (ISF) is the last black-owned bank in Chicago. According to CBS Chicago, Kurt Summers, the city’s treasurer, has decided to make a momentous investment in the bank. Summers announced Monday that the city will be depositing $20 million into the black-owned institution.
