Black-Owned Banking Institutions by State. History and background of Black-Owned Banking Institutions

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Black-Owned Banking Institutions by State. History and background of Black-Owned Banking Institutions

Black-Owned Banking Institutions by State. History and background of Black-Owned Banking Institutions

Alamerica Bank


Alamerica Bank had been initially arranged by a combined team of prominent Birmingham, Ala., community leaders. Alamerica obtained profitability that is operational 6 months of procedure. п»ї п»ї



  • Branches: The Alamerica Bank Building (Birmingham, Ala.) п»ї п»ї

  • ATMs: N/A

  • States: Alabama п»ї п»ї

  • Services: Deposit solutions (company and private records), loan solutions (professional and personal loans), Web banking, image statements, and MasterMoney debit cards п»ї п»ї п»ї п»ї п»ї п»ї

  • Assets: $18.912 million п»ї that is п»ї

  • Access: Online and п»ї п»ї


Broadway Federal Bank


The Broadway Federal Bank is just a subsidiary of Broadway Financial Corporation, a bank company that is holding in l . a ., Calif. Previously referred to as Broadway Federal Savings and Loan Association, created, the initial building ended up being damaged with a fire. The business ended up being transformed from a federally chartered mutual cost cost cost cost cost cost savings relationship to a federally chartered stock cost cost cost cost cost cost cost savings bank, thus the name that is new. п»ї п»ї



  • Branches: Mid-Wilshire Branch (l . a ., Calif.), Inglewood Branch (Inglewood, Calif.), and Exposition Park Branch (Los Angeles, Calif.) п»ї п»ї

  • ATMs: area of the MoneyPass system п»ї п»ї

  • States: California п»ї п»ї

  • Services: private and company records, bank cards, and loan products п»ї п»ї

  • Assets: $415 million п»ї п»ї

  • Access: Online and п»ї п»ї


Brookland Federal Credit Union


Created, the Brookland Federal Credit Union is a not-for-profit economic cooperative that provides economic solutions to users of Brookland Baptist Church and their instant household members. п»ї п»ї in the event that you join Brookland Federal, your family have actually an eternity account. п»ї п»ї



  • Branches: Brookland Federal Credit Union (Western Columbia, S.C.) п»ї п»ї

  • ATMs: N/A

  • States: Sc п»ї п»ї

  • Solutions: cost cost cost cost cost Savings, checking, loans, as well as other solutions (monetary literacy, guaranteed in full auto security, etc.) п»ї п»ї п»ї п»ї п»ї п»ї п»ї п»ї

  • Assets: $3.4 million п»ї п»ї

  • Supply: Online and п»ї п»ї


Carver Federal Savings Bank


The Carver Federal Savings Bank ended up being launched to serve African United states communities with restricted access to mainstream monetary solutions. Nearly all its branches and ATMs are found in low- to moderate-income areas. п»ї п»ї Carver Federal Savings Bank is amongst the three banking institutions which can be considered "Black operated," in the place of Ebony owned. п»ї п»ї



  • Branches: Atlantic Terminal Branch (Brooklyn, N.Y.), Bedford-Stuyvesant - Restoration Plaza Branch (Brooklyn, N.Y.), Crown Heights Branch (Brooklyn, N.Y.), Flatbush Branch (Brooklyn, N.Y.), and St Albans Branch (Jamaica, N.Y.), 125th Street Branch (nyc, N.Y.), and Malcolm X Boulevard Branch (new york, N.Y.)) п»ї п»ї

  • ATMs: Atlantic Terminal retail complex (2) (Brooklyn, N.Y.) and ATM Banking Center (Brooklyn, N.Y.) п»ї п»ї

  • States: Nyc п»ї п»ї

  • Services: private and company banking, loans, and community cash п»ї п»ї п»ї п»ї п»ї п»ї п»ї п»ї

  • Assets: $581.718 million п»ї that is п»ї

  • Supply: Online and п»ї п»ї


Carver State Bank


Founded, the Georgia Savings and Realty Corporation ended up being a little, personal bank in addition to a genuine property investment and administration business. The initial organization ended up being transformed into a situation bank and became referred to as Carver Savings Bank. Carver had turn into a full-service commercial bank, therefore its title ended up being changed yet again to your Carver State Bank. п»ї п»ї



  • Branches: principal workplace (Savannah, Ga.) and Skidaway Branch (Savannah, Ga.) п»ї п»ї

  • ATMs: Principal Workplace https://getbadcreditloan.com/payday-loans-nd/ (Savannah, Ga.), Skidaway Branch (Savannah, Ga.), and Hilton Head airport terminal (Savannah, Ga.) п»ї п»ї

  • States: Georgia п»ї п»ї

  • Services: individual records (checking and savings), company reports, loans, development programs, as well as other solutions (cashier's checks, cash purchases, etc.) п»ї п»ї п»ї п»ї п»ї п»ї п»ї п»ї п»ї п»ї п»ї п»ї

  • Assets: $46.124 million п»ї that is п»ї

  • Supply: Online and п»ї п»ї


People Bank


The only Cent Savings Bank became the initial minority-owned bank in Tennessee. The organization's title ended up being changed to your people Savings Bank & Trust Co. people Bank could be the earliest, constantly running bank that is black-owned the U.S. п»ї п»ї



  • Branches: Memphis Winchester path Branch (Memphis, Tenn.) and principal workplace (Nashville, Tenn.) п»ї п»ї

  • ATMs: Main Office (Nashville, Tenn.) п»ї п»ї

  • States: Tennessee п»ї п»ї

  • Services: private and company banking (checking and cost cost cost cost savings), bank cards, and loans (individual, company, etc.) п»ї п»ї

  • Assets: $100 million п»ї п»ї

  • Access: Online and п»ї п»ї

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