NEW ORLEANS — The Affiliation for Company Development (Louisiana Chapter) introduced its Lifetime Achievement Award to Alden J. McDonald Jr. on the thirteenth Annual ACG Louisiana Awards on Thursday, Might 12 on the Roosevelt Resort.
McDonald is the founding president of Liberty Financial institution and Belief Firm, which has greater than $1 billion in belongings.
From McDonald’s bio:
“Nationally acknowledged as a passionate advocate and dynamic catalyst in constructing wealth for generations of underneath served city communities, Alden J. McDonald, Jr. is celebrating the golden anniversary of the financial institution he leads. Liberty Financial institution, at 50 years, is the No. 1 African American-owned monetary establishment in the US.
“McDonald has devoted his 50-year management of Liberty to addressing systemic points which have hampered the event of city communities. Liberty has pioneered revolutionary inexpensive housing financing with the popularity that house possession is step one in constructing generational wealth. Liberty additionally nurtured Black financial growth in New Orleans funding many start-up companies and offering management in advocacy for financial inclusion regionally and nationally.”