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Bank of America Allocates $300 Million Towards Racial Equality Effort, Black Businesses and Black Banks

Black businesses and Black banks will get a hefty share of funds tied to Bank of America’s massive pledge to advance racial equality and economic opportunity. The nation’s second-largest bank just announced its initial progress by directing $300 million to four key areas: $200 million to minority entrepreneurs, businesses, and funds; $50 million to minority depository institutions; …

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