21 Black-Owned Banks Around The US

- By Bossip Staff
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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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    Carver State Bank
    Founded: 1927
    Assets: Approx. $41 Million

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