February 26 2013
FDIC Chairman Gruenberg Visits the HOPE Center Atlanta at Ebenezer
Guests get an up close and personal perspective from the nation’s chief bank regulator
Operation HOPE followed the success of its Global Financial Dignity Summit in November with an up-close and personal visit with U.S. Federal Deposit Insurance Corporation (FDIC) Chairman Martin J. Gruenberg. The Chairman spent the afternoon at the HOPE Financial Dignity Center at Ebenezer located in the Martin Luther King, Sr. Community Resource Center to discuss “Post Economic Crisis” conditions and solutions.
"50% of Hispanic households and 55% of Black households are unbanked or underbanked in the US", Gruenberg shared with the crowd, also telling them that, "small community banks account for 14% of banking assets but 40% of small business loans." His thoughts put into perspective the importance of banking in a community, as well as having an institution like the FDIC to ensure people’s money in this post economic crisis climate.
The conversation comes as part of Operation HOPE’s “silver rights” campaign to bring access and financial empowerment to the underserved. Guests had an opportunity to ask questions and be a part of a discussion that Mary Beth Walker, Dean Andrew Young School of Policy Studies at Georgia State University, had with the chairman.
Operation HOPE leaders John Hope Bryant, founder, chairman and chief executive officer, and James “Jay” Bailey, CEO Atlanta Market, also featured into the dialogue.
Gruenberg, who is the 20th Chairperson of the U.S. Federal Deposit Insurance Corporation (FDIC), was appointed to the post for a five-year term by Barack Obama and confirmed by the United States Senate on November 15, 2012. Gruenberg has served on the FDIC Board of Directors since August 22, 2005.
The February 21st Forum is a good example of how the center works to connect mainstream, private-sector economic resources and make them available through collaborations and long-term partnerships with leading government, private sector, and community interests.
Established in the greater-Atlanta community since 2004, the HOPE Financial Dignity Center, Atlanta at Ebenezer is proud to be supported by committed partners like SunTrust Bank, State Farm, NestWise and the Financial Services Roundtable (FSR).
It is committed to empowering the local community through financial literacy. For more about Atlanta services visit: http://www.operationhope.org/atlanta#sthash.JsW4K65P.dpuf