Largest Black Owned Bank In America...

[Bilal Mahmud المكافح المخلص]

Alden McDonald, Jr. is president and CEO of Liberty Bank and Trust Company, one of the top African American-owned

financial institutions in the United States. McDonald oversees an expanding network of financial institutions serving urban communities and provides leadership in community development to a diverse customer base throughout America. He is recognized as a passionate advocate and dynamic catalyst in providing avenues for economic growth, home ownership, wealth building and leadership development in the African American community. McDonald has gained a national reputation as a creative, insightful, yet practical problem solver who has developed mortgage and banking products that enhance the opportunities for the financially underserved, as well as the upwardly mobile populations of America's cities. A graduate of the Louisiana State University’s School of Banking and Columbia University's Commercial Banking Management Program, McDonald has celebrated more than 50 years in banking. Under his stewardship, Liberty has grown from an initial asset base of $2 million to more than $700 million in assets. Over the past 10 years, Liberty has closed over $1 billion in loans. Liberty now operates financial institutions in nine states and 11 major urban areas.

https://www.communitybanking.org/contacts/mcdonald-alden#:~:text=Al...

Bank Information:  https://www.libertybank.net/

[Bilal Mahmud المكافح المخلص]

Prominent African American businessman Alden Joseph McDonald, Jr. was born on September 16, 1943, in New

Orleans, Louisiana. McDonald attended Louisiana State University’s School of Banking and received his undergraduate degree. McDonald also joined Phi Beta Sigma Fraternity, Inc. and later attended Columbia University’s Commercial Banking Management Program.

McDonald began his banking career at International City Bank in New Orleans. In 1972, he became the President and CEO of Liberty Bank and Trust company, a position that he still holds today. Since 1972, McDonald has been an active force in the New Orleans business community. In 1987, he played a central role in the establishment of the Black Economic Development Council helping many minority businesses to secure public and private contracts for goods and services. Furthermore, he has served on almost all well known professional and social boards in the New Orleans region. As both a business leader and a community leader, he has devoted his life to community development through promoting entrepreneurship, supporting civic organizations and empowering businesses and individuals. Moreover, under his leadership, Liberty Bank and Trust’s successes helped black professionals and others settle east New Orleans and established a large African American homeownership class for the first time in the city’s history.

In 2001, McDonald received the prestigious Loving Cup from New Orleans’ major newspaper, The Times-Picayune. This award is considered the highest honor in the New Orleans Metropolitan Area. He then became the chairman of the New Orleans Chamber of Commerce. McDonald became the co-chair of the Greater New Orleans Education Foundation. In 2004, he became the first chairman for Greater New Orleans, Inc., established for the economic development of the New Orleans region.

In 2005, in the aftermath of Hurricane Katrina, McDonald led efforts toward the economic rehabilitation of New Orleans as well as his own, Liberty Bank and Trust. Katrina devastated Liberty’s headquarters, branches and spread the bank’s customers throughout the nation. Despite these obstacles, he moved back into his community to concentrate his efforts toward the economic rehabilitation of New Orleans. McDonald enacted creative policy decisions for his bank and opened new branches that helped overturn the economic downturn of the New Orleans economy, thus cutting his bank’s estimated losses dramatically.

McDonald’s Liberty Bank and Trust is one of the five largest African American owned financial institutions in the United States. The bank serves as the fiscal agent for the City of New Orleans, substantially improving the City’s cash flow and cash management practices. Furthermore, McDonald opened the Liberty Freedom Fund, the first and only mutual fund to be owned, managed and distributed by African Americans. Since its incorporation in 1972, McDonald has grown Liberty’s assets from $2 million to over $370 million.

In 2006, McDonald was named to Fortune Magazine’s highly regarded “Portraits of Power” list for 2006, extolling him for his powerful presence in the business community and his impact on the global market. He was also named to the Federal Deposit Insurance Corporation’s (FDIC) Advisory Committee on Economic Inclusion, concentrating on the expansion of access to banking services for underserved populations. In 2008, he became a Fleur-de-lis Ambassador for New Orleans, a group of New Orleans professionals that travel across America to seek additional Katrina recovery support from businesses and philanthropic organizations.

Full article:  https://www.thehistorymakers.org/biography/alden-j-mcdonald-jr

Bank Information:  https://www.libertybank.net/

https://www.facebook.com/LibertyBankAndTrust

[Bilal Mahmud المكافح المخلص]

Kofi Bilal Mahmud Eid AlFitr 1443 A.H.

http://oppressedpeoplesonlineword.ning.com/profiles/blogs/6273430:B...

Kofi Bilal Mahmud

Executive Director

Oppressed Peoples Online Word 

Your Voice Since 2010

The Voice Of The Voiceless...A People Without A Voice Can Not Be Heard!

Periodically we at OPOW have to make an evaluation on our being able to sustain this effort of bringing  you stories that many of you enjoy.  We do not take adds, nor do we charge a subscription.  Much or most of our operating expense is covered by a few individuals who have been very generous over the past 15 years.

Much of our content is supplied by volunteers and myself.   With that being said, we need your support to continue this effort.  No amount is too small or too large.  Please consider becoming a much needed supporter of OPOW today.  In advance, from all of us at OPOW,  we thank you for your continued support.  

Bilal Mahmud

Executive Director OPOW

Support OPOW:  OPOW Needs Your Support - Oppressed Peoples Online Word...The Voice...

The Voice Of The Voiceless... A People Without A Voice Can Not Be Heard...

Make Your Pledge To OPOW, The Voice Of The Voiceless

 

Paypal send to:[e-mail]1 

Shaban 1445 A.H.$1.00 per day can make a difference..

Or Cashapp: $bilal1370

Zelle: [e-mail]

Mail: Little Deep Creek LLC
P.O. Box 1241
Conley, Ga. 30288

Oppressed Peoples Online Word 

Your Voice Since 2010

Support OPOW Today...An Appeal From The Executive Director Bilal Ma...

Thank you from all of us here at OPOW

Chip In To Help OPOW Make A Difference

Visit Us On Facebook:  (2) Facebook

OPOW Above The Fold