NLBM and First Business Bank Announce Partnership to Help “Coin the Legacy” of the Negro Leagues

The partnership includes designation as the “Official Bank” of the first-ever United States Mint Negro Leagues Commemorative Coins and other community initiatives

The Negro Leagues Baseball Museum (NLBM) announced an exciting partnership with First Business Bank to become the “Official Bank” of the United States Mint Negro Leagues Commemorative Coins program. The alliance will see the NLBM and First Business Bank team on a comprehensive marketing strategy to encourage consumers to purchase the collectible coins that were released by the Mint for sale on January 6, 2022.

“The legacy and history maintained by the NLBM is very important to preserve and we are honored to help promote this program to benefit their efforts and ensure their financial wellness in the years to come.”

In 2020, U.S. Senator Roy Blunt (Mo.) along with Senator Tim Kaine (Va.) and Representatives Emanuel Cleaver, II (Mo.) and Steve Stivers (Oh.) introduced the Negro Leagues Baseball Centennial Commemorative Coin Act. The bipartisan bill directed the U.S. Treasury to produce a three-coin series to commemorate the Centennial of Negro Leagues Baseball. The coins are the first-ever Mint coins honoring the rich history of the Negro Leagues.

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“The Negro Leagues Baseball Museum is thrilled to welcome First Business Bank as a partner and the official bank of our U.S. Mint Negro Leagues Commemorative Coins program,” said Bob Kendrick, NLBM President. “The Negro Leagues Baseball Centennial Commemorative Coin Act is one of the most important initiatives in museum history. And, while we are ecstatic to have gained the issuance of the coins, the true success comes with our ability to realize as much of the revenue potential as possible. I’m extremely confident that our partnership with First Business Bank and their tremendous connections to the business community will help us accomplish that goal.”

Public Law 116-209 directs the Mint to produce $5 gold coins, $1 silver coins, and half dollar clad coins as part of the program. The Mint accepts orders at catalog.usmint.gov/ and 1-800-USA-MINT (872-6468). Hearing- and speech-impaired customers with TTY equipment may order at 1-888-321-MINT.

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The Commemorative Coin program is operated at no cost to taxpayers and the Treasury Department will be reimbursed for the costs of issuing the coins. After the U.S. Treasury has recouped expenses for designing and minting the coins, funds will be distributed to the NLBM. The program could yield as much as $6 million if all 850,000 coins (50,000 gold; 400,000 silver; and 400,000 clad) are sold. First Business Bank will manage any assets generated for the NLBM through the commemorative coin program.

“We are ecstatic about our partnership with the Negro Leagues Baseball Museum and being named the Official Bank of the U.S. Mint Negro Leagues Commemorative Coins,” said Rob Barker, First Business Bank’s President of its Kansas City Metro market. “The legacy and history maintained by the NLBM is very important to preserve and we are honored to help promote this program to benefit their efforts and ensure their financial wellness in the years to come.”