Saturday, March 18, 2006

Urban Trust will . . . bring more access to capital to individuals and families who need it, especially those that need help managing their assets and their wealth in a better way," Johnson said. "There's no doubt in my mind that a well-capitalized, well-managed black-owned financial institution will be welcomed."

While average household net worth of blacks is far lower than the national average -- $15,500 vs. $71,700 in 1998, according to the latest figures compiled by the Federal Reserve -- it is growing far more rapidly than the national average

From Afronetizen.

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