First Women's Bank has opened in Chicago aimed at fixing gender lending gap
Chicago has opened the doors of a First Women’s Bank on Wednesday. The Bank designed as the first and only women-led and women-focused bank in the country.
“Never before has there been a greater need and an opportunity to address what we believe is the fundamental problem facing women-owned and women-led businesses, and that’s access to capital,” said Melissa Widen, one of the bank’s founders.
This is more sexist than anything!
Mayor Lori Lightfoot took part in the ceremony of opening and cut blue ribbon and said the bank will “tell the world loud and clear” that Chicago is a place of “business and opportunity for everyone.”
“Opening up access to capital is critically important, and it’s got to be opened up to everyone,” Lightfoot said. “We cannot succeed and move forward as a city, as a nation, unless we are very intentional about making sure that no one is left behind.”
First Women's Bank opens in Chicago with goal of fixing gender lending gap— RAW - Resident Association of the Westside (@RAWneighbors) September 23, 2021
(Via Sun-Times) https://t.co/KPJ99WuZDt
The First Women’s Bank will help the women of color to open their businesses. The bank’s chief marketing and communication officer, Colleen Ryan, specified that the bank will provide support to women entrepreneurs through advice and networking resources.