Black Owned Banks In America
With the current state of the world (coronavirus pandemic) and the constant killing of our black people by officers who are supposed to protect and serve (RIP #GeorgeFloyd), I thought everyone could benefit from this list of black owned banks in AmeriKKKa.
African Americans (Blacks) as an entire group are underserved by the financial institutions around the world. Almost half the black population are unbanked (they supplement their bank account with costly alternatives like payday loans, cashier’s checks, prepaid debit cards & more).
Black-owned banks have an important role in improving these statistics. Back in 2016, banking black was “trending,” but now many of the black-owned banks balance sheets are trending in the wrong direction. The operating/regulatory costs associated with community banks makes it very difficult to operate.
Below are a list of black-owned banks, and I would implore you all to check them out and see which bank would fit your needs most. I know people like the convenience of banking with a large institution (due to the multiple ATM locations), but we have to start small and help these businesses develop into larger corporations, and it will take the entire village to do so!
- Omega Psi Phi Credit Union – Lawrenceville, Georgia
- Phi Beta Sigma Federal Credit Union – Washington, DC
- One United Bank – Los Angeles, California
- FAMU Federal Credit Union – Tallahassee, Florida
- Credit Union of Atlanta – Atlanta, Georgia
- North Milwaukee State Bank – Milwaukee, Wisconsin
- Seaway Bank – Chicago, Illinois
- The Harbor Bank- Baltimore, Maryland
- Liberty Bank – New Orleans, Louisiana
- United Bank of Philidelphia – Philidelphia, Penn
- Alamerica Bank – Birmingham, Alabama
- Broadway Federal Bank – Los Angeles, California
- Carver State Bank – Savannah, Georgia
- Capital City Bank – Atlanta, Georgia
- Citizens Trust Bank – Atlanta, Georgia
- City National Bank – Newark, New Jersey
- Commonwealth National Bank – Mobile, Alabama
- Industrial Bank – Washington D.C.
- First Tuskegee Bank – Tuskegee, Alabama
- Mechanics & Farmers Bank – Durham, North Carolina
- First Independence Bank – Detroit, Michigan
- First State Bank – Danville, Virginia
- Illinois Service Federal – Chicago, Illinois
- Unity National Bank – Houston, Texas
- Carver Federal Savings Bank – New York, New York
- OneUnited Bank – Miami, Florida
- OneUnited Bank – Boston, Massachusetts
- Tri-State Bank – Memphis, Tennesse
- Citizens Bank – Nashville, Tennessee
- South Carolina Community Bank – Columbia, South Carolina
- Columbia Savings and Loan – Milwaukee, Wisconsin
- Liberty Bank – Baton Rouge, Louisiana
- Liberty Bank – Kansas City, Missouri
- Citizen Trust Bank – Birmingham, Alabama
- Liberty Bank – Chicago, Illinois
- Liberty Bank – Jackson, Mississippi
- Toledo Urban Credit Union – Toledo, Ohio
- Hill District Credit Union – Pittsburgh, Pennsylvania