“This wealth gap is a curable injustice that requires collaboration,” he said.
The bank plans to offer checking and savings accounts this summer and to start lending money next year.
Other financial companies investing in Greenwood include JPMorgan Chase, Wells Fargo and Mastercard. New Orleans Saints running back Alvin Kamara was also part of the investment group.
Greenwood is named for the prosperous Tulsa, Oklahoma, neighborhood once known as the Black Wall Street before it was burned to the ground by a white mob in 1921.