Acquisition By Black-Owned Liberty Bank Drives Assets To Nearly $1 Billion

Even in the worst of times, Black people find ways to not simply survive, but thrive. That is exactly what Alden McDonald Jr, CEO of Liberty Bank did when he led his institution’s recent acquisition of the Tri-State Bank of Memphis.This purchase bolstered Liberty’s total assets to $965 million, positioning it to become the first Black-owned bank to reach $1 billion value. Based in New Orleans, with offices in 12 cities and 10 states, Liberty expects to achieve that historic distinction by 2022.

Click here to learn more about the progress Liberty leaders are making to expand the reach of Black Banking.

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