Darrell Muhammad

Historic Black-owned bank saved from closure

Bank’s new owners bring international business skills

CHICAGO—The old adage of “Buy Black’ is taking on a cousin slogan according to the new owners of the Illinois Service Federal Savings and Loan (ISF Bank). The saying, Kweku Nduom said, “it’s time to Bank Black.”

Nduom is one of two brothers, who along with their parents make up Groupe Nduom, a business conglomerate based in Ghana, West Africa. The group, founded by Dr. Paa Kwesi Nduom, owns 41 companies. ISF is the first venture outside of Africa.

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