A Chief Lieutenant of the Tuskegee Machine: Charles Banks of Mississippi

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As a founder of the Bank of Mound Bayou, Banks ensured his town residents could invest in their own community by borrowing in a neighborhood bank. When the bank failed, white banks raised interest rates and required black farmers in the community to bring their cotton to gins owned by whites...
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When the bank failed, white banks raised interest rates and required black farmers in the community to bring their cotton to gins owned by whites. This was costly to the community. One year after the bank failed, Banks helped to create a new Mound Bayou State Bank that met with state requirements and struggled to pay off investors from its earlier debts...
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Mr As far as the present scenario is concerned the banking industry is in a transition phase. The Public Sector Banks (PSBs), which are the foundation of the Indian Banking system account for more than 78 per cent of total banking industry assets...	1 / 217
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