List of Black owned banks in America #bankblack

all you hear of MLK is i have a dream
do you know he reminded African Americans in Memphis to boycott coca cola, big banks, insurance companies and support Black owned businesses?
the next day he was assassinated

Click on the name to visit the website

  1. Citizen Trust Bank – ALABAMA & GEORGIA
    75 Piedmont Ave
    Atlanta, GA 30303
    1-888.214.3099 | 678.406.4000
    Since our beginning in 1921, the world in which we conduct business has changed dramatically. We are proud to celebrate 95 strong years of service to our customers and our community. Ninety-five years ago, Citizens Trust Bank opened its doors as a pillar in its community and a catalyst for financial empowerment and well-being for all.
    Our mission was simple:
    ››To promote financial stability,
    ››To promote business growth and development,
    ››To stress the principles of thrift, and
    ››To expand access to home ownership.
  2. Alamerica Bank – Birmingham, Alabama
    2170 Highland Ave # 150
    Birmingham, AL 35205
    205-558-4600
    Alamerica Bank was organized by a group of well-known Birmingham area leaders who recognized the need for personalized banking services for business and professional customers. Alamerica Bank officially opened its’ doors for business on January 28, 2000. The bank achieved operational profitability in its sixth month of operation and continues to be one of Birmingham’s strongest capitalized institutions as of June 30, 2014.
  3. Commonwealth National Bank – Alabama
    2214 St. Stephens Road
    Mobile, AL 36617
    251-476-5938
    For nearly 40 years, Commonwealth National Bank has provided financial services to individuals and businesses that have an appreciation for the quality personal service during every encounter.
    Established on core values that include integrity, confidentiality and service, Commonwealth’s foundation is rock solid. As an FDIC insured institution, we provide the surety that gives you the confidence to know that your money is safe and sound. In addition to FDIC insurance, Commonwealth remains well-capitalized and balanced to weather tough economic cycles.
  4. First Tuskegee Bank – Alabama
    (New Orleans, LA) – Liberty Bank and Trust Company (“Liberty Bank”) announced today that it has acquired the assets and banking relationships of First Tuskegee Bank through a merger agreement that will greatly expand and enhance the services offered by the merged financial institution in Tuskegee and Montgomery, Alabama. The acquisition is a continuation of Liberty Bank’s rapid expansion over the past 10 years and marks its first venture into the state of Alabama. Liberty now has operating financial institutions in eight (8) states (Louisiana, Mississippi, Texas, Illinois, Michigan, Kansas, Missouri and now Alabama) and nine (9) major urban areas (New Orleans, Baton Rouge, LA — Jackson, MS — Houston, TX — Kansas City, MO/KS — Chicago, IL — Detroit, MI — Tuskegee, AL – Montgomery, AL).
  5. Carver State Bank –  Georgia
    701 Martin Luther King, Jr. Boulevard
    Savannah, Georgia 31415
    912-447-4200 (Phone)
    912-232-8666 (Fax)
    877-489-2434 (Toll Free)
    Carver State Bank – For the people, by the people Number One in Service Since 1927
    The mission of Carver State Bank is to maintain a sound, profitable, growing institution by providing high-quality products and services for the Bank’s customers, especially those in its targeted communities.
  6. Broadway Federal Bank – Los Angeles, California
    5055 Wilshire Boulevard, Suite 500
    Los Angeles, CA 90036
    (323) 634-1700
    The Bank traces its origin to Broadway Federal Savings and Loan Association, which was founded in 1946 by a group of civic minded men and women, including H.A. Howard, a real estate broker, Dr. H. Claude Hudson, a dentist and community leader, and Paul R. Williams, a noted architect. These leaders had identified the need for conventional loans to minority consumers, many of whom were returning veterans. They observed that minority consumers were being ignored by the then existing financial institutions, and loans, if available at all, carried high interest rates.
  7. One United Bank – CALIFORNIA, FLORIDA, MASSACHUSETTS, EVERYWHERE
    3683 Crenshaw Blvd.
    Los Angeles, CA 90016
    1-877-ONE-UNITED 1-877-663-8648
    Option available to open account online 🙂

    We are the first Black internet bank and the largest Black owned bank in the country, with offices in Los Angeles, Boston and Miami.
    We were awarded the highest Bank Enterprise Award by the U.S. Department of Treasury for our community development lending ten times! We are a designated Community Development Financial Institution (CDFI).

  8. FAMU Federal Credit Union – Tallahassee, Florida
    1610 South Monroe Street
    Tallahassee, FL 32301
    (850) 222-4541

    May 8, 1935, Dr. J.R.E. Lee persuaded six individuals to deposit $50.00 each of their personal funds to obtain a federal credit union charter.  The Florida A&M College Employees Federal Credit Union was born.  The purpose of the newly organized credit union was to encourage its members to save money and to provide loans to other members.
    From 1935-1981 the credit union was located on FAMU campus in Lee Hall.  In 1953, the credit union changed its name to the Florida A&M University Federal Credit Union.

    Omega Psi Phi Fraternity Federal Credit Union c/o CAMO – GEORGIA

  9. 1505 Lakes Parkway, Suite 100
    Lawrenceville, GA 30043
    1-800-42-OMEGA (800-426-6342)
    (Alt): (770) 580-6056
    Info@oppffcu.com
    The Omega Psi Phi Fraternity Federal Credit Union continues to provide financial avenues for the fraternity’s members, families and employees. With an excellent team of dedicated members of the Board, and Committees, we have a competitive, financially secure credit union.
  10. Credit Union of Atlanta – Atlanta, Georgia
    670 Metropolitan Parkway
    Atlanta, GA 30310
    404-658-6465
    Credit Union of Atlanta was founded in 1928, in the midst of the excessive Roaring Twenties and just before the Great Depression. Through times of great financial strength and also financial strife, Credit Union of Atlanta has maintained stability and security through our strong foundation and the holistic success of you, our members.
    From the heart of the jazz age to the present day, we’re still jazzing it up for our members. With unique offerings and always-reasonable rates, we strive to make a well-rounded financial life possible for all. Come be a part of something bigger than just a banking hub, become an integral part of a credit union—one that would be proud to call you a member.
  11. Seaway Bank & Trust Company – ILLINOIS
    645 E. 87th Street
    Chicago, IL 60619
    Seaway Bank and Trust Company is a Chicago-based community bank serving families, nonprofits and businesses in diverse neighborhoods. It was established in 1965 to counter discriminatory lending practices and is now recognized as one of the nation’s largest minority-owned banks, with more than $400 million in assets and 240 employees. Seaway is also a woman-owned bank.
  12. Illinois Service Federal – ILLINOIS
    4619 S. King Drive
    Chicago, IL 60653
    773-624-2000
    Thirteen African-American men, and their many supporters, had a dream to establish a savings and loan association sensitive to the needs of Black residents of Chicago.
    The story begins in the early 1930’s when it was all but impossible for people of color to obtain mortgage loans.
  13. The Harbour Bank of Maryland – Maryland
    25 W. Fayette Street
    Baltimore, Maryland 21201
    410-528-1801 or 1-888-833-7920
    Harbor Bank of Maryland opened its doors in September of 1982 with $2.1 million in assets.  As of December 31, 2015, Harbor Bank’s assets were $288 million.  The bank conducts general banking business in seven branch locations and primarily serves the Baltimore, Maryland Metropolitan area.  The Bank also has a branch in Riverdale, Prince George’s County, Maryland. 
  14. First Independence Bank – MICHIGAN
    44 Michigan Ave.
    Detroit, MI 48226
    (313) 256-8400
    First Independence Bank opened its doors on May 11, 1970. We have served the banking needs of the Detroit Metropolitan area for over 46 years.
  15. Carver Federal Savings  – NEW YORK CITY
    75 West 125th Street
    New York, NY 10027
    (718) 230-2900
    Accepting online application submissions from residents of New York and New Jersey“When you do common things in life in an uncommon way, you will command the attention of the world.” — George Washington Carver (1864–1943)
    Carver was founded in 1948 to serve African-American communities whose residents, businesses, and institutions had limited access to mainstream financial services. Today, Carver is the largest African-American operated bank in the United States. Since its inception, the Bank has continuously been headquartered in Harlem, and most of our ten branches and 24/7 ATM Centers are located in low- to moderate- income neighborhoods. To share in Carver’s history Click Here to Watch.
  16. Mechanics & Farmers Bank – North Carolina
    2634 Chapel Hill Blvd
    Durham, NC 27707
    (919) 687-7800
    info@mfbonline.com 
    Founded in 1907. M&F Bank is the 2nd oldest minority owned bank in the United States – 109 years old.
  17. Toledo Urban Federal Credit Union – OHIO
    1339 Dorr Street
    Toledo, Ohio 43607
    419.255.8876
    Fax: 419.255.4390
    Loan Information: dyourturn@aol.com
    General Information: info@toledourban.com
    Toledo’s first community development Credit union, The Toledo Urban Federal Credit Union opened its doors to serve the central city community on July 21, 1996. We envisioned the need for our community, like all others, to gain control of the economic dollars circulating within our community. Any thriving community turns their resource over at least five to ten times before it leaves the community.
  18. United Bank of Philadelphia – Pennsylvania
    30 S 15th Street
    Philadelphia PA, 1910
    1-800-472-3272
    United Bancshares, Inc. is an African American controlled and managed bank holding company for United Bank of Philadelphia (the “Bank”), a commercial bank chartered in 1992 by the Commonwealth of Pennsylvania, Department of Banking. The deposits held by the Bank are insured by the Federal Deposit Insurance Corporation (“FDIC”). The Bank conducts a broad range of banking activities through its three branch offices located as follows: Center City Branch 30 South 15th Street; (iii) Mount Airy Branch 1620 Wadsworth Avenue; and (iv) Progress Plaza Branch 1015 North Broad Street. The Bank also operates thirteen ATM locations in low to moderate areas of the city.
  19. Liberty Bank & Trust – MULTIPLE STATES
    P.O. Box 60131
    New Orleans, LA 70160-0131
    (504) 240-5288 or 1 (800) 883-3943
    NEW ORLEANS, LA
    BATON ROUGE, LA
    JACKSON, MS
    KANSAS CITY, KS
    KANSAS CITY, MO
    DETROIT, MI
    CHICAGO, IL
    TUSKEGEE, AL
    MONTGOMERY, AL
    Click here for location details
    In 1972, Liberty Bank was chartered in New Orleans, Louisiana, with a focus on service, integrity and a sincere interest in community and business development. Nearly four decades later, Liberty Bank has expanded to 18 branch offices in six states.
  20. City National Bank – New Jersey
    City National Bank started in 1971 when a group of African-American community leaders recognized a tremendous economic void in Newark, the largest urban center in New Jersey. They believed Newark needed a financial institution that would be sensitive to the financial needs of minority residents whose access to credit and banking services was historically limited. Charles L. Whigham, a prominent local businessman, spearheaded a grassroots effort to raise capital.
  21. City National Bank – New Jersey & New York
    900 Broad Street
    Newark, NJ 07102
    973-624-0865
    Harlem Branch
    382 West 125th Street
    Harlem, NY 10027
    212-865-4763
    City National Bank started in 1971 when a group of African-American community leaders recognized a tremendous economic void in Newark, the largest urban center in New Jersey. They believed Newark needed a financial institution that would be sensitive to the financial needs of minority residents whose access to credit and banking services was historically limited. Charles L. Whigham, a prominent local businessman, spearheaded a grassroots effort to raise capital.
    Walking door-to-door, the founders met with church groups, individuals and various organizations to sell stock in the bank. In less than two years, $1.2 million was raised when nearly 1,800 shareholders purchased 60,000 shares. In 1973, City National Bank of New Jersey was established as a full-service commercial bank.
  22. Hill District Federal Credit Union – PENNSYLVANIA
    2021 Centre Avenue
    Pittsburgh, PA 15219
    Richard Witherspoon at rspoon@hilldistrictfcu.org
    Mary Hester at mhester@hilldistrictfcu.org
    Taylor Chappell at tc@hilldistrictfcu.org
    Danielle Green at dgreen@hilldistrictfcu.org
    (412) 281-0822, (412) 281-0823
    On October 15,1970 the HILL DISTRICT FEDERAL CREDIT UNION, (HDFCU) was chartered by the federal government under the National Credit Union Administration. The credit union’s first location was 1919 Centre Avenue. In 1976 the credit union was moved into the Hill District Citizens Development Corporation’s building, a second floor rear office, at 1915-17 Centre Avenue. In 1981, we moved into our present location, 2021 Centre Avenue.
  23. South Carolina Community Bank – SOUTH CAROLINA
    1545 Sumter Street
    Columbia, SC 29201
    (803) 733- 8100
    1-866-696-557
    We want to be the Bank of choice in the communities we serve.  The Bank who makes banking work for our customers in ways it never has before.
  24. Tri-State Bank – TENNESSEE
    180 South Main Street
    Memphis, TN  38103
    Phone: (901) 525-0384
    Tri-State Bank of Memphis was founded in 1946 by the late Dr. J. E. Walker, and his son, the late A. Maceo Walker. They dreamed of a bank, which would constructively change community conditions. Led by the late Jesse H. Turner, the bank developed innovative financial and community service.Tri-State Bank pioneered signature loans, real estate loans and church loans to blacks – without a special endorsement. Perhaps the most far-reaching impact was that of home ownership. Prior to Tri-State’s existence it was difficult for blacks to make loans on their homes or toward the purchase of homes. In its first ten years, in excess of $10 million of first mortgage loans on homes were made. This $10 million figure represented home ownership for over 2,000 black families.
  25. Citizens Bank – TENNESSEE
    1917 Heiman Street, Nashville, TN 37208
    Phone: (615) 327-9787 or (855) 788-4465
    Fax: (615) 329-4843
    Email: ibanking@bankcbn.com
    Citizens Savings Bank and Trust Company holds a premier place in history due to its heritage and the fact that it is the country’s oldest continuously operating minority-owned and operated bank. We are committed to handling the needs of our customers; therefore, we constantly strive to become better at operations and providing a variety of quality services and products through a friendly and competent staff.
  26. Unity National Bank – TEXAS
    2602 Blodgett St.
    Houston, Texas 77004
    713-387-7400

    Unity National Bank grew up in Houston’s Third Ward. As we’ve grown, we’ve grown to respect people who have built their lives through determination and perseverance. They’ve turned dreams into accomplishments. We understand the sacrifice that takes, perhaps better than any other bank.
  27. First State Bank – VIRGINIA
    P.O. Box 6400
    201 N. Union Street
    Danville, VA 24541
    434.792.0198
    Since 1919, First State Bank has been providing banking services in Southside Virginia and and North Carolina. First State Bank, chartered in 1919 in Danville, VA, is locally-owned and operated. We provide the personal touch to banking services. From checking and savings products to loans and other financial investments, we offer a variety of options to fit your needs. We have Great People and provide Great Service! Call one of our Customer Service Professionals at 434.792.0198, or click here. We will be glad to assist you.

  28. Phi Beta Sigma Federal Credit Union – Washington, DC
    145 Kennedy Street
    Washington, DC 20011
    (202) 726-2285

    PBSFCU (Phi Beta Sigma Federal Credit Union) is a full-service financial services provider, serving Sigmas, Zetas and their families internationally. While it is similar to a bank in terms of the services it provides, it is philosophically different in operation. Each dollar invested by members goes toward giving another member a reasonable loan rate. And in turn, investing members receive better rates and lower fees than they would otherwise get at typical banks and financial institutions. We call our customers ‘members’ because, in actuality, they all own a part of the credit union.

  29. Industrial Bank – Washington D.C.
    812 Georgia Avenue, N.W.
    Washington, D.C. 20011
    (202) 722-2000 or (800) 461-5056
    info@industrial-bank.com
    Since 1934, Industrial Bank has been a strong partner for small and large businesses, home owners, and personal banking account customers in the Washington, DC community. Jesse H. Mitchell. Opening Day at Indsustrial Bank 11th and U Street BranchOn Aug. 20, 1934, Founder Jesse H. Mitchell opened the doors of Industrial Bank for the first time. Today, it is one of the largest African-American owned and operated commercial banks in the United States.
  30. Columbia Savings & Loan Association – WISCONSIN (website not showing but bank still there 🙂
    2020 W Fond Du Lac Ave.
    Milwaukee, WI 53205
    414-374-0486
    Columbia Savings & Loan Association, since its founding in 1924, has been dedicated to the task of ensuring a better quality of life for the citizens of Milwaukee’s inner city, particularly the growing minority population. Purpose Columbia Savings & Loan Association stands as a guiding light for progress in the community, providing a viable opportunity for minorities to apprentice in banking and business, as well as the establishment of homes for every family that wishes to obtain their dream home.

The following banks are closed or merged

Capital City Bank – Atlanta, Georgia

On Friday, February 13, 2015, Capitol City Bank & Trust Company, Atlanta, GA was closed by the Georgia Department of Banking & Finance, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.

The FDIC has assembled useful information regarding your relationship with this institution. Besides a checking account, you may have Certificates of Deposit, a car loan, a business checking account, a commercial loan, a Social Security direct deposit, and other relationships with the institution. The FDIC has compiled the following information, which should answer many of your questions.

North Milwaukee State Bank – Milwaukee, Wisconsin

On Friday, March 11, 2016, North Milwaukee State Bank, Milwaukee, WI was closed by the Wisconsin Department of Financial Institutions. Subsequently, the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.

All deposit accounts have been transferred to First-Citizens Bank & Trust Company, Raleigh, NC. For more information on First-Citizens Bank & Trust Company, visit us at www.firstcitizens.com.

The FDIC has assembled useful information regarding your relationship with North Milwaukee State Bank. Besides a checking account, you may have Certificates of Deposit, a business checking account, a Social Security direct deposit, and other relationships with the institution.

Please select the link below to read more about this event:

FDIC Bank Closing Information for North Milwaukee State Bank

 

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