21 Black-Owned Banks And Credit Unions In US

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.

Carver Federal Savings Bank
Founded: 1948
Serving: New York
Assets: Approx. $640 Million

City National Bank of New Jersey
Founded: 1973
Serving: New Jersey and New York
Assets: Approx. $340 Million

Industrial Bank
Founded: 1934
Serving: District of Columbia and Maryland
Assets: Approx. $342 Million

One United Bank
Founded: 1968
Serving: Boston, MA, Los Angeles, CA and Miami, FL
Assets: Approx. $614 Million

United Bank of Philadelphia
Founded: 1992
Serving: Philadelphia, Pennsylvania
Assets: Approx. $68 Million

First Independence Bank
Founded: 1970
Serving:Detroit, Michigan
Assets: Approx. $216 Million

First State Bank
Founded: 1919
Serving: Danville Virginia and surrounding
Assets: Approx. $38 Million

Illinois Service Federal Savings & Loans
Founded: 1934
Serving: Chicago, Illinois Area
Assets: Approx. $140 Million

Seaway Bank & Trust Company
Founded: 1965
Serving: Chicago, Illinois and surrounding
Assets: Approx. $753 Million

Mechanics & Farmers Bank
Founded: 1998
Serving: Durham, North Carolina and surrounding
Assets: Approx. $298 Million

Columbia Savings & Loans
Founded:1924
Serving: Milwaukee, Wisconsin
Assets: Approx. $24 Million

Alamerica Bank
Founded: 2000
Serving: Birmingham, Alabama
Assets: Approx. $41 Million

Commonwealth National Bank
Founded: 1976
Serving: Mobile, Alabama
Assets: Approx. $59 Million

Tri-State Bank of Memphis
Founded: 1946
Serving: Memphis, Tennessee and surrounding
Assets: Approx. $125 Million

Citizens Savings Bank & Trust
Founded: 1904
Serving: Nashville, Tennessee
Assets: Approx. $108 Million

Unity National Bank of Houston
Founded: 1985
Serving: Houston, Texas
Assets: Approx. $68 Million

Liberty Bank & Trust Company
Founded: 1972
Serving: New Orleans, Louisiana
Assets: Approx. $545 Million

Broadway Federal Bank
Founded: 1947
Serving: Los Angeles, California
Assets: Approx. $385 Million

Citizens Trust Bank
Founded: 1927
Serving: Atlanta, Georgia
Assets: Approx. $392 Million

Carver State Bank
Founded: 1927
Assets: Approx. $41 Million