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Considering Black Banking? Here Are 21 Black-Owned Banks Around The U.S.

Like most Black-Americans right now, you’ve probably been asking yourself what you can do to effect change in in lieu of the recent racial tragedies. Well, that’s what we’re here for! One way to rebuild and protect African American communities is to invest in Black-owned business. That doesn’t just mean curly hair custards or skincare, that also includes necessities like banking. Here we’ve compiled a list of 21 Black-owned banks and credit unions that will help you put your money where your mouth is. Flip the script to find a location near you.

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Carver Federal Savings Bank

Founded: 1948

Serving: New York

Assets: Approx. $640 Million

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City National Bank of New Jersey

Founded: 1973

Serving: New Jersey and New York

Assets: Approx. $340 Million

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Industrial Bank

Founded: 1934

Serving: District of Columbia and Maryland

Assets: Approx. $342 Million

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The Harbor Bank Of Maryland

Founded:1982

Serving:Baltimore, Maryland

Assets: Approx. $235 Million

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One United Bank

Founded: 1968

Serving: Boston, MA, Los Angeles, CA and Miami, FL

Assets: Approx. $614 Million

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United Bank of Philadelphia

Founded: 1992

Serving: Philadelphia, Pennsylvania

Assets: Approx. $68 Million

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First Independence Bank

Founded: 1970

Serving:Detroit, Michigan

Assets: Approx. $216 Million

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First State Bank

Founded: 1919

Serving: Danville Virginia and surrounding

Assets: Approx. $38 Million

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Illinois Service Federal Savings & Loans

Founded: 1934

Serving: Chicago, Illinois Area

Assets: Approx. $140 Million

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Seaway Bank & Trust Company

Founded: 1965

Serving: Chicago, Illinois and surrounding

Assets: Approx. $753 Million

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Mechanics & Farmers Bank

Founded: 1998

Serving: Durham, North Carolina and surrounding

Assets: Approx. $298 Million

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Columbia Savings & Loans

Founded:1924

Serving: Milwaukee, Wisconsin

Assets: Approx. $24 Million

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Alamerica Bank

Founded: 2000

Serving: Birmingham, Alabama

Assets: Approx. $41 Million

 

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Commonwealth National Bank

Founded: 1976

Serving: Mobile, Alabama

Assets: Approx. $59 Million

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Tri-State Bank of Memphis

Founded: 1946

Serving: Memphis, Tennessee and surrounding

Assets: Approx. $125 Million

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Citizens Savings Bank & Trust

Founded: 1904

Serving: Nashville, Tennessee

Assets: Approx. $108 Million

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Unity National Bank of Houston

Founded: 1985

Serving: Houston, Texas

Assets: Approx. $68 Million

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Liberty Bank & Trust Company

Founded: 1972

Serving: New Orleans, Louisiana

Assets: Approx. $545 Million

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Broadway Federal Bank

Founded: 1947

Serving: Los Angeles, California

Assets: Approx. $385 Million

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Citizens Trust Bank

Founded: 1927

Serving: Atlanta, Georgia

Assets: Approx. $392 Million

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