Meet 2 Black Bankers to Purchase a Bank for $200 Million

TWO BLACK ENTREPRENEURS ARE RAISING $200M TO PURCHASE A BANK FOR UNDERSERVED COMMUNITIES

Darnell Parker and Derek Taylor, two banking veterans and the owners of Ingenious Financial, have announced plans to raise $200 million Series A funding to purchase an existing bank.‬ ‬‬‬‬‬Parker, who is the company's founder, and Taylor, who is the company's COO, say they are setting out to own a bank to better serve underserved and underbanked communities.

“Minority banks play an important role in the economic empowerment of minority communities and these financial institutions have long been considered as innovators in banking,” says Mr. Parker. “But in recent years, they have not always managed to keep up with technological advances.”

Parker and Taylor are launching the capital campaign to purchase a bank already insured by the Federal Deposit Insurance Corporation (FDIC), bypassing the strict regulations and other challenges that come with starting a bank from scratch. Mr. Parker says. “When larger financial institutions absorbed some of the minority deposit institutions banks, they left a tremendous void for these banks, who previously served minority communities by providing small to medium-sized business loans."

Discover How An Informative New Course By Derrick Hill Helps Black Nonprofits Get Elusive Funding

DERRICK HILL CREATES NEW COURSE TO HELP NONPROFIT ORGANIZATIONS GET FUNDING

Many nonprofit organizations never reach their full potential due to the lack of funding. As a result, Derrick Hill, CEO of HillChase LLC, offers his newest course that enables nonprofits to rapidly increase their revenue, have maximum impact, and sustainable growth.

Derrick’s clients include but are not limited to Steve & Marjorie Harvey Foundation, Rickey Smiley Foundation, Chef G, Garvin Foundation, Boys & Girls Club, Colon Cancer Foundation, and many others. The same success strategies he delivers to these and other nonprofits are now available in the course: “Grow & Expand Your Nonprofit in 90 Days.”

“At HillChase, our mission is to help nonprofits be as successful as possible so that they can make the biggest difference possible,” explained Hill. “Our firm has over 15 years developing hundreds of nonprofits, including those focused on children and youth, community and economic development, housing, urban education, family engagement, and many other nonprofits structures. I understand the pressure that every nonprofit leader has to serve more beneficiaries, raise more money, and do more with less. That’s why I wanted to offer our firm’s education and expertise to any nonprofit in need.”