The Organization for a New Equality honored eight banks last week for their commitment to meeting the needs of low-income consumers.
Bank of America received the reward for "overall performance" in community reinvestment, while Fleet Financial Group, Greenwood Trust Co., and Uptown National Bank of Chicago were singled out for their "cutting edge" community development efforts.
Also honored were First Union Bank, J.P. Morgan & Co., Firstar Corp., and Bank of Elmwood, Racine, Wis.
"We honored these banks on Martin Luther King Jr.'s birthday because what they have done in giving greater access in credit and capital to low- income people really represents the next generation of strategies in the civil rights movement," said Rev. Charles E. Stith, ONE's national president.