Citizens Bancshares Corporation (CZBS)
In addition to “banking Black” with Black-owned banks and credit unions, investors may also seek to add publicly traded financial institutions like Citizens Bancshares Corporation to their portfolio. The holding company for Citizens Trust Bank, the oldest and largest Black-owned bank, Citizens has been operating for nearly a century and ended 2019 up 18 percent from its previous year’s total assets.
Along with many Black-owned companies trading on NASDAQ, CZBS hit its height for the year so far on Juneteenth. However, given the upward trend of annual dividend payments to shareholders, it may be a wise investment.