News
CONVENTION PAYING DIVIDENDS
January 10, 2012
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| The Democratic National Convention Committee announced last week it had invested convention funds in two NC minority-controlled lenders. The committee deposited $2M each in non-interest bearing accounts with Mechanics & Farmers Bank, a Durham-based African American-owned bank, and the Latino Community Credit Union. The funds will help those institutions expand lending and promote economic development to communities across the state, says DNCC CEO Steve Kerrigan. |
