Los Angeles, CA -- (SBWIRE) -- 08/26/2009 -- The national plan urges individuals from all across America to open an account with Black-owned banks, in their communities, on the same day (September 4th). Ballentine announced that the mission of the campaign is to galvanize consumers, businesses, community leaders and individuals to support black owned banks, who have traditionally been known to invest in the communities they serve.

He continues to be a leading voice on issues and challenges facing Black America. Ballentine continues to spotlight issues such as racial injustice, financial literacy & economic prosperity, criminal justice, and other topics that promote social change. Through active partnerships with his listeners, sponsors and supporters, Ballentine uses the power of media and communications to promote change and positively influence the lives of others.

Warren Ballentine will continue to push Americans to deposit in Black Owned and Minority owned banks after September 4th, in an ongoing initiative with www.blackownedbanks.com. "We must continue to invest in the businesses that help build our communities if we want to continue to prosper,” comments Warren Ballentine.

Blackownedbanks.com will bring together the nation's black owned banks to allow consumers access to products, financial education, community initiatives, news and job opportunities. Customers will be able to get to know their banks and have access to executives through email, blogs, forums and live chats. The goal of www.blackownedbanks.com is to help rebuild the relationship between the community and black owned banks.

"It is time to take serious action, considering the alarming statics that show the same banks that were given billions of dollars of TARP money, such as Bank of America and Wells Fargo, have modified less than 10 percent of mortgages eligible for President Obama's Mortgage Modification Plan. The only way banks will start to take serious action to help consumers save their homes is if they start seeing a decrease in deposits and accounts closing in their bank," comments Shirin. Shirin is Author of Save The American Dream, How to Modify Your Mortgage and Rebuild Your Credit, Talk Show Host, housing advocate and co-founder of http://www.blackownedbanks.com.

Warren Ballentine is a lawyer, a nationally syndicated radio host, author, and a regular on Sunday nights on the newsroom on CNN. He has been featured in the New York Times, The Wall Street Journal and is considered one of Urban Radio's rising stars. The Nationally Syndicated Warren Ballentine Show can be heard weekdays from 10AM-1PM. (check local market listings) or visit www.thetruthfighters.com to listen and watch the live broadcast. For a list of black owned banks, and to help spread the word log on to http://www.blackownedbanks.com.

Black Owned Banks Press Contact
Suzy Herbert
BOB@360digimedia.com
1-877-325-7411