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DIRECTORY OF BLACK OWNED BANKS


July 31, 2016 Facebook Twitter LinkedIn Google+ August News



There are 21 African American owned banks with assets totaling approximately $4.7 billion or approximately 0.43 percent of African America’s $1.1 trillion in buying power. In 1994, there were 54 African American owned banks according to the FDIC.

Now, there are 21. Wake up Black people.

DIRECTORY OF BLACK OWNED BANKS &

CREDIT UNIONS IN THE USA

To make this list the bank must have at least 51 percent African American ownership. You can click on the bank name to go directly to their website.

 

ALAMERICA BANK

http://www.alamericabank.com/

Location: Birmingham, Alabama

Founded: January 28, 2000

FDIC Region: Atlanta

Assets: $35 404 000

 

BROADWAY FEDERAL BANK FSB

http://www.broadwayfederalbank.com/

Location: Los Angeles, California | Inglewood, CA

Founded: February 26, 1947

FDIC Region: San Francisco

Assets: $385 055 000

 

CARVER STATE BANK

www.carverstatebank.com

Location: Savannah, Georgia

Founded: January 1, 1927

FDIC Region: Atlanta

Assets: $41 573 000

 

CITIZENS TRUST BANK

https://ctbconnect.com/

Location: Atlanta, Georgia

Founded: June 18, 1921

FDIC Region: Atlanta

Assets: $392 286 000

 

CITY NB OF NEW JERSEY

https://www.citynatbank.com/

Location: Newark, New Jersey

Founded: June 11, 1973

FDIC Region: New York

Assets: $340 301 000

 

CREDIT UNION OF ATLANTA

https://www.cuatlanta.org/

Toll free number: 1.866.318.4980

[Credit Union of Atlanta was founded in 1928, just before the Great Depression. Through times of great financial strength and also financial strife, Credit Union of Atlanta has maintained stability and security by providing unmatched service to you, our members.]  

 

COMMONWEALTH NATIONAL BANK

http://www.ecommonwealthbank.com/

Location: Mobile, Alabama

Founded: February 19, 1976

FDIC Region: Atlanta

Assets: $63 244 000

 

COVENANT BANK

http://covenant-bank.com/

Location: Chicago, Illinois

Founded: June 20, 1977

FDIC Region: Chicago

Assets: $59,842,000

 

URBAN UPBOUND

http://urbanupbound.org/what_we_do/federal-credit-union/

13-03B 40th Avenue

Long Island City, NY.

 

The Urban Upbound Federal Credit Union: An Economic Anchor

In 2010, Urban Upbound, then known as ERDA, mobilized residents to bring a credit union to public housing neighborhoods in Long Island City. At the time it was the first credit union to open in Queens in 30 years.

Today the Urban Upbound Federal Credit Union provides capital, credit-building loans and other asset-building services. Its members, comprised largely of public housing residents, enjoy an ownership stake. A source of community pride, the Urban Upbound Credit Union’s rallying cry is “I Own It!”

What’s more, by keeping assets locally owned and controlled, the Credit Union is an economic anchor. It is helping to ensure that as Long Island City continues to change, that growth benefits all residents.]

 

(718-784-5050

 

FIRST INDEPENDENCE BANK

http://www.firstindependence.com/

Location: Detroit, Michigan

Founded: May 14, 1970

FDIC Region: Chicago

Assets: $215 924 000

 

FIRST STATE BANK

http://www.efirststatebank.com/

Location: Danville, Virginia

Founded: September 08, 1919

FDIC Region: Atlanta

Assets: $38 882 000

 

FIRST TUSKEGEE BANK

https://www.firsttuskegeebank.com/

Location:Tuskegee, Alabama

Founded: October 11, 1991

FDIC Region: Atlanta

Assets: $63 127 000

 

ST. LOUIS COMMUNITY CREDIT UNION (Formerly, GATEWAY BANK – St. Louis)

https://www.stlouiscommunity.com/

http://news.stlpublicradio.org/post/ten-percent-households-st-louis-area-dont-use-banks-heres-why-and-whats-being-done

http://www.stlamerican.com/business/local_business/article_11a0e98a-02a3-11e2-b53c-0019bb2963f4.html

http://www.stltoday.com/business/local/sba-loans-to-black-entrepreneurs-drop-dramatically/article_afd4254d-31d5-5abd-91f4-b6b810e14563.html

 

HIGHLAND COMMUNITY BANK

http://highlandcommunitybankchicago.com/index.php

Location: Chicago, Illinois

Founded: November 09, 1970

FDIC Region: Chicago

Assets: $84 948 000

 

ILLINOIS SERVICE FEDERAL SAVINGS & LOAN

http://www.isfbank.com/

Location: Chicago, Illinois

Founded: January 01, 1934

FDIC Region: Chicago

Assets: $140 148 000

 

INDUSTRIAL BANK

http://www.industrial-bank.com/

Location: Washington, DC

Founded: August 18, 1934

FDIC Region: New York

Assets: $342 524 000

 

LIBERTY BANK & TRUST COMPANY

http://www.libertybank.net/

Liberty, one of the nation’s largest African-American-owned banks, has 20 branches in four states, including locations in Kansas, Mississippi, Louisiana and Texas. The Douglass National deal raises Liberty’s asset base to $545 million. 

Locations: New Orleans, Louisiana | Baton Rouge-Louisiana | Kansas City, Missouri | Dallas, Texas

Founded: November 16, 1972

FDIC Region: Dallas

Assets: $545,019,000

 

MECHANICS & FARMERS BANK

https://www.mfbonline.com/main/index2.html

Location: Durham, North Carolina

Founded: March 01, 1908

FDIC Region: Atlanta

Assets: $304,809,000

 

NORTH MILWAUKEE STATE BANK

https://nmsbank.com/

Location: Milwaukee, Wisconsin

Founded: February 12, 1971

FDIC Region: Chicago

Assets: $91 490 000

 

ONE UNITED BANK

https://www.oneunited.com/

In the past two years, we have financed over $100 million in loans – most in low to moderate income communities such as South Central, Compton, Liberty City and Roxbury. However, we never participated in subprime lending. We have always experienced low loan losses.

 

Our growth has been through acquiring community banks across the country that are equally dedicated to our mission including – Founders National Bank of Los Angeles, Family Savings Bank in Los Angeles, California, Boston Bank of Commerce in Boston,Massachusetts and People’s National Bank of Commerce in Miami, Florida.

 

Founded: August 02, 1982

FDIC Region: New York

Assets: $590 624 000

 

SEAWAY BANK & TRUST COMPANY

http://www.seawaybank.us/

Location: Chicago, Illinois

Founded: January 02, 1965

FDIC Region: Chicago

Assets: $573,168, 000

 

UNITED BANK OF PHILADELPHIA

http://www.ubphila.com/

Location: Philadelphia, Pennsylvania

Founded: March 23, 1992

FDIC Region: New York

Assets: $67 930 000

 

UNITY NB OF HOUSTON

http://www.unitybanktexas.com/

Location: Houston, Texas

Founded: August 01, 1985

FDIC Region: Dallas

Assets: $68 125 000

Source: FDIC

 

TriState Bank of Memphis Tenessee

http://www.tristatebank.com/

 

African American Owned Credit Unions by State:

Alabama

Arkansas

California

Connecticut

District of Columbia

Delaware

Florida

Georgia

Illinois

Indiana

Kentucky

Louisiana

Maryland

Massachusetts

Michigan

Mississippi

New Jersey

New York

North Carolina

Ohio

Pennsylvania

South Carolina

Tennessee

Texas

Virginia

Virgin Islands

Washington

West Virginia

Wisconsin