Robert L. Johnson opens up bank for minority customers
Black Entertainment Television founder Robert L. Johnson opened his first bank in the Washington area yesterday, adopting the business plan of a community bank designed largely for minority customers.
The bank will focus on home buyers, small businesses and student-loan applicants who might be denied loans by larger institutions, he said.
“We’re going to know our customers better,” Mr. Johnson said after an opening ceremony in front of the bank at 1350 I St. NW in Washington’s central business district. “We see there’s a unique opportunity there.” (more…)
