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Two Black Owned Investment Banks Merging to form the Largest Woman and Minority Owned Firm

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Two Black owned investment banks are merging to form Wall Street’s largest woman- and minority-owned firm.

Siebert Cisneros Shank & Co. and the Williams Capital Group will combine to form Siebert Williams Shank & Co. The new firm will be led by Chief Executive Suzanne Shank. Terms of the deal, described as a merger of equals, were not disclosed.

black owned investment banks
Susan Shank

Siebert Cisneros Shank is one of the nation’s leading underwriters of municipal bonds and Williams Capital is a major dealer in corporate debt. The combined firm will have 140 employees and be headquartered in New York City and Oakland, Calif. No layoffs are expected because of the merger.

Source: Crains New York

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15 Comments

  1. We should talk to our Pro Athletes to help with investing in our own People an Financial Institution. This can help the Economic Base to move Forward an Expand to be ACCESSIBLE to Us.

  2. Onna phly Dozier the first black Indian woman of forty acres and a mule to rise as Queen of Hip Hop, She is the soul the soloist and a hand down is the mic, Queen of Hip Hip Soul Aretha Franklin

  3. This is GREAT I’m So Happy That More Black Owners Are Stepping Up Now Maybe We As People Will Start Believing Again🙏🙏🙏

    • I have a Idea and Vision on how we can empower the grassroot community. I would hope one of these millionaires would take a look at my Idea. I truly need an Philampithis that has empathy for the Black Community.

  4. I am so blessed to be a witness to the Epic historical mark being made. Sustainability is key and it sends a strong message to the creators of our future.

  5. I am so glad I gound this information. So many Black Owned Businesses are not given Capital to invest in their businesses.

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