MEDIA ADVISORY FOR
November 18, 12:00 Noon
Norfolk “Day of Divestment” Calls on Residents to
Move Their Money from the Big Banks and into Small Banks and Credit Unions
Residents to Close Wells Fargo and Bank of America Accounts as a Group in Protest of Bailouts, Illegal Foreclosures and Corporate Money in Politics
NORFOLK– On Friday November, 18 at noon, dozens of local residents will gather at Bank of America and Wells Fargo to close their accounts in protest of the big banksforeclosing on millions of families, cutting back on small business loans that create jobs, funding predatory lenders, and avoiding their fair share of taxes through offshore accounts and loopholes.
The event is organized by Virginia Organizing and is part of The New Bottom Line’s “Move Our Money” campaign, which seeks to move $1 billion from Wall Street banks to community banks and credit unions. Inspired by nationwide Occupy Wall Street protests, thousands of Americans will come together through the New Bottom Line, a coalition of organizations, to take $1 billion of our money out of the big banks– Bank of America, JP Morgan Chase, and Wells Fargo.
Residents will gather in front of Wells Fargo on Monticello Avenue at noon and close their accounts one by one, following by a march to Bank of America where more residents will close their accounts. After the action, local residents will speak out (and sing out) about why they have chosen to take their money back and put it into institutions like small banks and credit unions that invest in small businesses and build our community. The group will also join Occupy Norfolk at their 1:00pm march and will ask other participants and encourage them to divest. The divestment action is the one of many Move Our Money actions that have already taken place in Virginia.
What:“Move Our Money” Day of Divestment from the Big Banks
When: Friday, November 18 at 12:00 Noon
Where:(Noon) Wells Fargo, 440 Monticello Ave, Norfolk, 23510 (at Monticello light rail station)
(at 12:30) The group will march to Bank of America, One Commercial Place, Norfolk, 23510
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