March 3rd, 2020, marked the 155th anniversary of the Freedman’s Bank. The Freedman’s Savings and Trust Company, commonly referred to as the Freedman’s Bank, was created to provide economic opportunity for newly emancipated African Americans. To mark its anniversary, the U.S. Department of the Treasury hosted a forum to honor the historical significance of the Freedman’s Bank; to engage in a dialogue that informs and highlights the federal government’s programs and policies related to minority depository institutions; and to promote opportunities that support economic development for all American communities.
Peachtree Providence Partners founding member, Walter Davis, had the opportunity to participate in the 155th anniversary celebration of the Freedmen’s Bank at the U.S. Department of the Treasury. Davis joined Ja’Ron Smith, Deputy Assistant to the President for Domestic Policy, in a panel discussion on the importance of investing in entrepreneurs.
The Forum featured multiple panels with prominent regulatory officials and private and non-profit sector leaders. The speakers focused on honoring the legacy of the Freedman’s Bank and discussed the important role that Minority Depository Institutions play in broad-based economic growth, and public and private strategies to address financial health, community, and economic development.