Black Owned Bank Directory

Did you know we have over 21 Black-owned banks in the U.S? In 2013, HBCU Money published a list of Black-owned banks and credit unions. In light of our country’s recent tragedies, here’s what they found and what you should learn. Let’s wake up and realize where we should really be putting our hard working dollars.

ALAMERICA BANK

Location: Birmingham, Alabama
Founded: January 28, 2000
FDIC Region: Atlanta
Assets: $35 404 000

BROADWAY FEDERAL BANK FSB

Location: Los Angeles, California
Founded: February 26, 1947
FDIC Region: San Francisco
Assets: $385 055 000

CAPITAL CITY BANK & TRUST COMPANY
Location: Atlanta, Georgia
Founded: October 3, 1994
FDIC Region: Atlanta
Assets: $294 572 000

CARVER STATE BANK

Location: Savannah, Georgia
Founded: January 1, 1927
FDIC Region: Atlanta
Assets: $41 573 000

CITIZENS TRUST BANK

Location: Atlanta, Georgia
Founded: June 18, 1921
FDIC Region: Atlanta
Assets: $392 286 000

CITY NB OF NEW JERSEY

Location: Newark, New Jersey
Founded: June 11, 1973
FDIC Region: New York
Assets: $340 301 000

COMMONWEALTH NATIONAL BANK

Location: Mobile, Alabama
Founded: February 19, 1976
FDIC Region: Atlanta
Assets: $63 244 000

COVENANT BANK

Location: Chicago, Illinois
Founded: June 20, 1977
FDIC Region: Chicago
Assets: $59 842 000

FIRST INDEPENDENCE BANK

Location: Detroit, Michigan
Founded: May 14, 1970
FDIC Region: Chicago
Assets: $215 924 000

FIRST STATE BANK

Location: Danville, Virginia

Founded: September 08, 1919
FDIC Region: Atlanta
Assets: $38 882 000

FIRST TUSKEGEE BANK

Location:Tuskegee, Alabama
Founded: October 11, 1991
FDIC Region: Atlanta
Assets: $63 127 000

HIGHLAND COMMUNITY BANK

Location: Chicago, Illinois
Founded: November 09, 1970
FDIC Region: Chicago
Assets: $84 948 000

ILLINOIS SERVICE FEDERAL SAVINGS & LOAN

Location: Chicago, Illinois
Founded: January 01, 1934
FDIC Region: Chicago
Assets: $140 148 000

INDUSTRIAL BANK

Location: Washington, DC
Founded: August 18, 1934
FDIC Region: New York
Assets: $342 524 000

LIBERTY BANK & TRUST COMPANY

Location: New Orleans, Louisiana
Founded: November 16, 1972
FDIC Region: Dallas
Assets: $545 019 000

MECHANICS & FARMERS BANK

Location: Durham, North Carolina
Founded: March 01, 1908
FDIC Region: Atlanta
Assets: $304 809 000

NORTH MILWAUKEE STATE BANK

Location: Milwaukee, Wisconsin
Founded: February 12, 1971
FDIC Region: Chicago
Assets: $91 490 000

ONEUNITED BANK

Location: Boston, Massachusetts
Founded: August 02, 1982
FDIC Region: New York
Assets: $590 624 000

SEAWAY BANK & TRUST COMPANY

Location: Chicago, Illinois
Founded: January 02, 1965
FDIC Region: Chicago
Assets: $573 168 000

UNITED BANK OF PHILADELPHIA

Location: Philadelphia, Pennsylvania
Founded: March 23, 1992
FDIC Region: New York
Assets: $67 930 000

UNITY NB OF HOUSTON

Location: Houston, Texas
Founded: August 01, 1985
FDIC Region: Dallas
Assets: $68 125 000

Source: FDIC

If there aren’t any Black-owned banks near you, you can support Black-owned businesses both online and in person. Black Exchange (formerly Afro-Arts) has hipped me to so many Black-owned businesses. It was through them that I found Philadelphia Printworks which makes a dope James Baldwin sweatshirt that I practically live in. I also found Belle Buttersthrough them and it has my natural hair flourishing.

If you’re on the go and want to see what Black-owned businesses are near you, download WhereU. The app is a directory of local Black-Owned Businesses and has information for the United States, the UK, France, and Canada! It’s user-based so you can add any Black-owned businesses you haven’t seen on the app!

Written BY SHANICE BRIM

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s