WEST PALM BEACH, Fla. -- First Union National Bank of Florida said it has invested $105,000 in two black business investment corporations, state-funded entities that lend to new and expanding black-owned businesses.

The Florida unit of First Union Corp. of North Carolina made the investments in the Palm Beach and Treasure Coast black business investment corporations.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.