Resolution supports deposits to Wisconsin's first and only Black-owned bank

-
2:04
Metcalfe Park residents, concerned neighbors march, rally against...
-
1:51
Man charged in homicide of MPD Officer Corder appears in court,...
-
1:26
Falls Lavender Fest is back for a 5th year with lavender scents,...
-
2:04
Meet CBS 58’s Pet of the Week: Clyde
-
4:16
CBS 58’s Feel Good Fridays: Dog Days, Gallery Night, Christmas...
-
2:25
Milwaukee’s Bastille Days officially underway, bringing in...
-
3:17
As Democrats make push to flip state Senate, here are the races...
-
1:26
A big man, with a big heart: Gilbert Brown provides free football...
-
1:20
Students from more than a dozen schools get a glimpse at construction...
-
1:59
Inclusion and advocacy: ’Wicked’ actress visits Milwaukee...
-
2:36
City leaders announce 3rd annual Gun Violence Summit will be...
-
1:32
Local golf program Next 18’s next step 🏌️
MILWAUKEE (CBS 58) -- Milwaukee is home to Wisconsin's first and only Black-owned bank, and now Milwaukee County may help invest in its vision.
The county's committee on finance voted unanimously to recommend a resolution that encourages the county treasurer to find chances to deposit public funds into Columbia Savings and Loan.
The bank, as it celebrates its 100th year, is on a mission to get 100 families into homeownership by the end of 2024.
Columbia mostly serves low and moderate-income families who may not have other access to capital.
"Your vision is not only a testament to your commitment to promoting economic diversity and inclusion without community, but also highlights your dedication to supporting local institutions that play a crucial role in the economic empowerment of underrepresented communities," said Ernest Jones, Columbia Savings and Loan.
The bank hopes to raise $10 million this year to hit their '100 by 100th' goal.