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Why Brand New Orleans’s Ebony People Are Nevertheless Underwater After Katrina

One bank that is black-owned create the town’s African-American middle class — before the hurricane damaged far more than their houses.

‘B band a map of the latest Orleans.’’ That has been all that Alden J. McDonald Jr., president and executive that is chief of Bank and Trust team, said whenever I first asked to satisfy him. It absolutely was the summertime of 2005, significantly less than a couple of weeks following the city’s flood-protection system neglected to keep the storm surge out developed by Hurricane Katrina, and I also ended up being reporting in Louisiana with this paper.