NAACP ranks black-friendly banks

October 24, 2000
The NAACP urged consumers on Monday to avoid some of the nation's leading banks, saying they are not doing enough for black workers and businesses owned by blacks.
      NAACP President Kweisi Mfume said the organization's 1,700 branches and other groups should stop doing business with banks that earned poor or failing grades in the civil rights organization's first annual Banking Industry Report Card.
      The report grades banks in five categories: employment, community reinvestment, advertising and marketing, business development and charitable giving.
      The surveyed banks received an overall grade of C-minus.