21 Black Owned Banks You Should Know

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21 black owned banks

There are over 21 Black-owned banks in the United States and Solange did a wonderful thing last night when she posted 21 banks that are black owned on her website Saint Heron.

Not only did she do that but she is supporting them with her finances. Here are the banks:

Also….
While I realize this is a very personal decision and thing to share, I’m proud to say I made that step today. Time to literally put my money where my mouth is.

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

Solange also mentioned an App that allows you to locate black owned businesses near you:

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!

I do not know about you but I have my eyes set on That Houstion Texas bank!

2 COMMENTS

    • Hi Precious, thanks for sharing that with us. If you haven’t done so already please don’t forget to join the Cotton Patch Newsletter. We appreciate you.

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