a list of black owned banks

Still Standing: A List of Black Owned Banks in the U.S.

Our COO was recently tagged in a post on The Kemetic RBG Facebook page of a list of black owned banks in the U.S.

1. One United Bank – Los Angeles. California
2. Seaway Bank – Chicago, Illinois
3. North Milwaukee State Bank – Milwaukee Wisconsin
4. The Harbor Bank, Baltimore, Maryland
5. Liberty Bank – New Orleans, Louisiana
6. United Bank of Philidelphia – Philidelphia, Pennsylvania
7. Industrial Bank – Washington D.C.
8. First Tuskegee Bank – Tuskegee, Alabama
9. Mechanics & Farmers Bank – Durham, North Carolina
10. First Independence Bank – Detroit, Michigan
11. Alamerica Bank – Birmingham, Alabama
12. Broadway Federal Bank – Los Angeles, California
13. Carver State Bank – Savannah, Georgia
14. Capital City Bank – Atlanta, Georgia
15. Citizens Trust Bank – Atlanta, Georgia
16. City National Bank – Newark, New Jersey
17. Commonwealth National Bank – Mobile, Alabama
18. First State Bank – Danville, Virginia
19. Highland Community Bank – Chicago, Illinois
20. Illinois Service Federal – Chicago, Illinois
21. Unity National Bank – Houston, Texas
22. Carver Federal Savings Bank – New York, New York
23. OneUnited Bank – Miami, Florida
24. OneUnited Bank – Boston, Massachusetts
25. Tri-State Bank – Memphis, Tennesse
26. Citizens Bank – Nashville, Tennessee
27. South Carolina Community Bank – Columbia, South Carolina
28. Columbia Savings and Loan – Milwaukee, Wisconsin
29. Liberty Bank – Baton Rouge, Louisiana
30. Liberty Bank – Kansas City, Missouri
31. Liberty Bank – Detroit, Michigan
32. Liberty Bank – Chicago, Illinois
33. Liberty Bank – Jackson, Mississippi
34. Toledo Urban Credit Union – Toledo, Ohio
35. Hill District Credit Union – Pittsburgh, Pennsylvannia
36. FAMU Federal Credit Union – Tallahassee, Florida
37. Credit Union of Atlanta – Atlanta, Georgia
38. Omega Psi Phi Credit Union – Lawrenceville, George

We found another list saying there are only 19 Black owned banks still remaining in the United States:

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

 

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

 

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

We will do some digging and follow up with a full report on the exact number of Black owned banks and credit unions, but in the mean time, we felt this list still needed to be shared. Stay tuned!

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  1. Jasmine Grant
    Jul 10, 2016 - 04:40 PM

    North Milwaukee was closed in March. Please remove from the list.

  2. Jessi Powell
    Jul 27, 2016 - 07:34 AM

    Is axiom banking black owned

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