The commitment will serve people of color, low- and moderate- income (LMI) families and communities, and small businesses

Movement Bank has confirmed it is expanding its footprint with the opening of a new branch in Randleman, North Carolina

The bank has dedicated $20 million to initiative which seeks to address systemic inequities in education and career outcomes

Funds support programs that promote financial inclusion and access to services

Baby bonds, allocations to workforce and services required for the sector, paper finds

Converted branch will include affordable housing, commercial and outdoor spaces, nonprofit services, and arts and cultural destinations

Graduation rates among HBCU students currently among the lowest for all students

Cities for Financial Empowerment Fund to scale empowerment centers in underserved communities

Subsidies will create or rehabilitate more than 2,100 housing units

Recommendations include Bank On-certified accounts, greater flexibility around identification and financial education