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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!

  1. Omega Psi Phi Credit Union – Lawrenceville, Georgia
  2. Phi Beta Sigma Federal Credit Union – Washington, DC
  3. One United Bank – Los Angeles, California
  4. FAMU Federal Credit Union – Tallahassee, Florida
  5. Credit Union of Atlanta – Atlanta, Georgia
  6. North Milwaukee State Bank – Milwaukee, Wisconsin
  7. Seaway Bank – Chicago, Illinois
  8. The Harbor Bank- Baltimore, Maryland
  9. Liberty Bank – New Orleans, Louisiana
  10. United Bank of Philidelphia – Philidelphia, Penn
  11. Alamerica Bank – Birmingham, Alabama
  12. Broadway Federal Bank – Los Angeles, California
  13. Carver State Bank – Savannah, Georgia
  14. Capital City Bank – Atlanta, Georgia
  15. Citizens Trust Bank – Atlanta, Georgia
  16. City National Bank – Newark, New Jersey
  17. Commonwealth National Bank – Mobile, Alabama
  18. Industrial Bank – Washington D.C.
  19. First Tuskegee Bank – Tuskegee, Alabama
  20. Mechanics & Farmers Bank – Durham, North Carolina
  21. First Independence Bank – Detroit, Michigan
  22. First State Bank – Danville, Virginia
  23. Illinois Service Federal – Chicago, Illinois
  24. Unity National Bank – Houston, Texas
  25. Carver Federal Savings Bank – New York, New York
  26. OneUnited Bank – Miami, Florida
  27. OneUnited Bank – Boston, Massachusetts
  28. Tri-State Bank – Memphis, Tennesse
  29. Citizens Bank – Nashville, Tennessee
  30. South Carolina Community Bank – Columbia, South Carolina
  31. Columbia Savings and Loan – Milwaukee, Wisconsin
  32. Liberty Bank – Baton Rouge, Louisiana
  33. Liberty Bank – Kansas City, Missouri
  34. Citizen Trust Bank – Birmingham, Alabama
  35. Liberty Bank – Chicago, Illinois
  36. Liberty Bank – Jackson, Mississippi
  37. Toledo Urban Credit Union – Toledo, Ohio
  38. Hill District Credit Union – Pittsburgh, Pennsylvania

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