Business

Ministers urge customers to withdraw their funds from OneUnited Bank

A group of ministers held a press conference Thursday outside the OneUnited Bank branch in Grove Hall to urge customers to withdraw their funds because the bank is planning to foreclose on the Charles Street AME Church in Roxbury.

Reverend Eugene Rivers, who is among the leaders of the boycott, urged black customers and others to “withdraw every dime” from the bank.

US Representantive Michael Capuano, who also spoke at the event, said he was among those who voted to give a $12 million federal bailout to OneUnited in 2008.

Advertisement

“I think it’s good for them, it should be good for the community, and I think it’s good for the country,” Capuano said.

Get Talking Points in your inbox:
An afternoon recap of the day’s most important business news, delivered weekdays.
Thank you for signing up! Sign up for more newsletters here

Like many others have, he urged the heads of OneUnited to negotiate with the church.

So far, the bank has declined such entreaties and is planning to auction off the church property over a $1.1 million loan that came due in December. Bank officials who were at the bank’s branch this afternoon declined to comment.

Beth Healy can be reached at bhealy@globe.com.