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Until 1974 in the USA women were unable to open a bank account or acquire a line of credit without a man co-signing.The financial services industry was led by (usually white) men. So eight women came together to turn everything around by opening their own Women’s Bank.Carol Green, Judi Wagner, LaRae Orullian, Gail Schoettler, Wendy Davis, Joy Burns, Beverly Martinez, and Edna Mosely founded the bank’s board by each pitching in $1,000.On 14 July 1978 The Women’s Bank opened for business. People stood in line down the street in downtown Denver to deposit their money. The first day’s deposits exceeded $1 million
November 4, 2024