There are currently about 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.
We have the power to generate over 1 trillion dollars annually but invest less than half a percent of that in our own financial institutions. It’s time to change these numbers!
Check out the list below:
One United Bank
One United is the first Black internet bank and the second largest Black owned bank in the country, with offices in Los Angeles, Boston and Miami.
They were awarded the highest Bank Enterprise Award by the U.S. Department of Treasury for our community development lending ten times!
Location(s): Los Angeles,California, Miami, Florida, Boston, Massachusetts
Website: One United Bank
Minimum Deposit: $50
Citizens Trust Bank
Citizens Trust Bank located in Atlanta, GA is a 95 year old Black Owned and operated bank. In February of 2016, rapper Killer Mike, got together with R&B singer Usher and Producer Jermain Dupri to push an initiative to increase new accounts at Citizens Trust. Setting and achieving a goal to raise $1 Million for the bank.
Location(s): Atlanta, GA, Columbus, GA, Lithonia, GA, Stone Mountain, GA, N Birmingham, AL
Website: Citizens Trust Bank
Minimum Deposit: $50
Minimum Balance: No minimum balance required
Seaway Bank and Trust
Seaway Bank and Trust Company is a full-service Black Owned commercial bank located in Chicago, Illinois. Established in 1965 as Seaway National Bank of Chicago, it was created to counter discriminatory lending practices on Chicago’s South Side. The founders, a group of local businessmen, sold shares door to door throughout the community to raise the $1,000,000 in capital needed to secure the Federal charter. By the end of its first year, Seaway’s assets had climbed to over $5,000,000, and the bank has grown steadily over the years.
Location(s): Chicago, IL
Website: Seaway Bank
Minimum Deposit: $25
Minimum Balance: No minimum balance required
Monthly Fees: None
Carver Federal Savings
Carver was founded in 1948 to serve African-American communities whose residents, businesses, and institutions had limited access to mainstream financial services. Today, Carver is the largest African-American operated bank in the United States. Since its inception, the Bank has continuously been headquartered in Harlem, and most of our ten branches and 24/7 ATM Centers are located in low- to moderate- income neighborhoods.
Location(s): New York, NY
Website: Carver Federal Savings
Liberty Bank
In 1972, Liberty Bank was chartered in New Orleans, Louisiana, with a focus on service, integrity and a sincere interest in community and business development. Nearly four decades later, Liberty Bank has expanded to 18 branch offices in six states.
Liberty Bank established its Baton Rouge presence in 1994 and opened a third branch in 2004. Liberty then moved into Mississippi in 2003, acquiring First American Bank in Jackson. This was followed by expansion into the Greater Kansas City market with the acquisition of Douglass bank in Kansas City, Kansas, and Kansas City, Missouri, in 2008.
Location(s): New Orleans, LA, Baton Rouge, LA, Jackson, MS, Kansas City, KS, Kansas City, MO, Detroit, MI, Chicago, IL, Tuskegee, AL, Montgomery, AL
Website: Liberty Bank
Minimum Deposit: No minimum opening deposit
Minimum Balance: No minimum balance required
Monthly Fees: $2 for electronic statements | $4 for paper statements
Industrial Bank
Industrial Bank was founded on August 20, 1934, and is the oldest and largest African American owned commercial bank in the metropolitan Washington, D.C. region.
Since 1934, the bank has delivered essential banking and financial services which have contributed greatly to the growth and development of the Washington, D.C. community. From that first day in 1934, when Industrial Bank had just six employees and $192,000 in assets, Industrial Bank has grown into an institution with over 115 employees and over $389 million in assets.
Location(s): Washington, D.C.,
Website: Industrial Bank
Minimum Deposit: $25
Minimum Balance: No minimum balance required
Monthly Fees: None
232 comments
Hello, I live in the Richmond Va Area . Are there any black owned Banks in this area. I don’t know of any.
Yes Consolidated Bank is black owned bank still in operation in Richmond, VA.
Consolidated Bank in Richmond, Virginia is no longer black-owned. http://m.richmond.com/business/article_3b794b82-c1bc-5862-982a-01fe7aaef43d.html?mode=jqm
any black on banks near Charlottesville,Va?
There are not any black owned banks in Charlottesville VA. However, I am the AVP and Managing Officer of a community bank located in Charlottesville VA. I am open to providing financial literacy training to minority groups, clubs, churches etc. I would be happy to share what I have learned over my twenty plus years in the field to help our people become financially stronger. Knowledge is power.
Karen, I’m an MBA at the Darden School. May you please let me know how I can get in touch with you to speak with an organization I run on Grounds? Left off my name for anonymity, but will disclose who I am in our personal communication. Thank you.
Hello is there any blacked owned banks in Asheville, NC
Is there a black owned bank in Huntsville Al
There is a Black-owned credit union in Suffolk, VA called Metropolitan Church Federal Credit Union. Unfortunately, they do not have a website yet. The owners are wonderful people, and the credit union has been around for over 40 years.
Richmond heritage credit union
Correction for Unity National Bank of Houston: http://unitybanktexas.com
We need one in Dallas or Fort Worth Texas???
in progress…
Liberty bank &Trust Company is in Dallas
No that is Liberty Bank and it doesn’t say who owns it and based on their LinkedIn profile alone..probably not black owned. This is different from Liberty Bank & Trust headquartered out of Louisiana. Not even the same website
Where is there Location, I’ve went to there website but they have no Branches listed in Dallas.?
http://mobcfcu.com/mobile/
This is a credit union in Arlington, TX
Mt. Olive Baptist Church.. Sanford & Cooper
This federal credit union is located in Arlington, TX on Sanford & Cooper. Mt. Olive Baptist Church
http://mobcfcu.com/mobile/
I thought it was exclusive for their church members. My mother lives across the street from their credit union and it is never open.
There are no Black owned banks in Texas. The last one was Unity Bank in Houston and that has been bought out by Amergy bank.
Yessssssssssssssss Dallas wants to hop on this train too!!!
Yes we do.
Yes indeed! Texas I’m sure would be harder but praying we get some Black owned banks! Especially around the DFW area!
Yes if there’s any operating in Dallas please list.
Love it!!!!!!
didn’t see Community Bank, Bridgeport, CT
I thought that bank was closed? http://www.ctpost.com/news/article/The-Community-s-Bank-Too-small-to-survive-4830670.php
any black owned banks in the Beaumont Port Arthur Orange Texas area
Unity National Bank in Houston and Missouri City, TX
http://www.unitybanktexas.com/
I’m with you on this but I have yet to find one in our area! Houston is to far away!
Any black owe banks in Orlando, Fl
The closest one is in Miami but you can open an account online I believe. One United Bank
http://www.oneunitedbank.com
I live in Orlando and I’m looking for one myself. There was one located in Washington Shores located on Goldwyn but it has been sold to Axiom now. One United may be the closest bank to us. Unless you can bank in Atlanta (Citizens Trust) and maybe get them to waive ATM fees.
Brookland Federal Credit Union in Columbia, SC
Thanks for the info Lucretia. Added it to the list
The correct link to Citizen’s Bank in Nashville, TN is http://www.bankcbn.com
Are there any in Texas…. I would love to support them if there are any.
@ Jewel; I’ve heard that there is a black owned Credit Union in The Pear Orchard area of Bmt.
Does anyone know….Is there one in Cincinnati Ohio?
Any black owned banks/credit unions closer to the Lafayette La area??
Nearest is Liberty in Opelousas!
One United Bank is online and has FREE ATMS all over the Lafayette area though!
Mechanics and Farmers has been rebranded to M&F Bank. Please change it as it could be important to getting people to join.
This bank is two miles from me. It still has Mechanics & Farmers name next to the M&F logo on the side of the building.
M&F re-branded and is focusing getting away from black customers… do your research before you invest if it is still for you here is the article from their site.
https://secure.mfbonline.com/wp-content/uploads/2015/07/jimsills-news.pdf
Thank You for the useful information. It is imperative we research before making such moves. Make sure they are for you!
That article said nothing about getting away from black customers. it said the need a younger customer base. So they are still a black bank wanting black customers older people just don’t borrow money like young people do.
There’s none here in Las Vegas, NV
I’m looking for a black owned bank as well.?
Are there any in Arizona?
I live in AZ and have been looking for a black-owned bank or credit union if anyone has any information please leave it in the post. Thanks!
Virginia State University has a credit union on campus. Is it black owned?
A Black owned Bank is NEEDED in NE Miami , FL
One United Bank is in Miami.
http://www.oneunitedbank.com
Is the Citizens Bank & Trust in Enterprise Alabama black owned?
Are they FDIC insured or is it a use at your own risk situation?
They are FDIC insured. That info is on their websites.
Are these banks FDIC insured?
Black owned needed in Minnesota
WE NEED TO SUPPORT ONE ANOTHER! WE ALL NEED TO BE THE CHANGE WE WANT TO SEE.
TO ALL MY RIGHTEOUS ISRAELITE BROTHERS AND SISTERS, IT’S ABOUT TO BE A BRAND NEW DAY. DRY YOUR EYES BECAUSE OUR REDEMPTION DRAWETH NIGH…
your bank does not have to be local for you to access it. My current bank is in Illinois and I live in FL.
Thanks for saying that because I was wondering how that would work. Do you have trouble having access to your money?
That is a fact
What about Bay Area, Ca?
I’m interested in Bay Area banks also.
How many of these banks have online banking?
Please come to Minnesota and would love to but stock in the companies.
Buy not but
Anything in Nevada … I live in Las Vegas
We need one in Orland Fl. home of Walt Disney, its noting but money here.
We need a black Bank or credit union in the Tulsa Oklahoma and Oklahoma city Oklahoma area.
I AGREE!!
Hi Rev. It’s Sis Weatherd. I believe Morning Star Baptist Church has a credit union in Tulsa but you can verify that. I heard they go through Tulsa Teachers CU.
Any on Long Island, New York
What about Brothers Bank in Kansas City Ks? I’m looking to invest in myself n real estate soon. I want to be apart of MY heritage
Proud of your comments Ms. Jones
Any in Tennessee ?
Yes Tri State Bank in Memphis
Another credit union in Chicago is South Side Community Federal Credit Union
http://www.southsidecommunityfcu.org
Do the banks on the list have at least 51% or more ownership by AA?
We need a Black Owned Credit Union in Newark, NJ.
Lookin for any black owned banks in cincinnati, ohio
Is there any black owned banks in Pinellas County, Florida
Metro Bank – Louisville, Kentucky
I was just looking into them and on their website, not once did it outright mention “black owned” so I was curious as to if they actually were? Could have been an oversite, but I was hoping to get some clarity on that.
If you know who you are you don’t have to to post who you are, they need other races too gut support
Is there any in or near syracuse ny ? I will make the drive.
Great news!!!!…..just sad that there are no banks in Indiana but we will hit up Ohio or Illinois
Looking for Black owned banks in Canton, Akron, or Cleveland, Ohio. We have Citizens Bank but not sure if that’s the same as Citizens Trust.
Ready to make that move…
Are there any in tampa fl
Glad you asked. I am searching also.
Any one in Orange County Califonia?
If you’re in Orange County surely you can drive 20 mins up the freeway to LA
Are there any black owned banks in Hampton Roads area of Virginia
I am looking to find out this same question. Have you gotten any answers?
I live in Suffolk. The closest one is in Danville VA or Richmond VA. But the one in Danville has Free Atms all over Hampton Roads are. It’s called First State Bank in Danville the website is http://www.efirststatebank.com
Need some in the Virginia area!!
YES!..
Are there any in Madison, Wisconsin? If not how can I open one with another bank with the assurance that I’m only doing business with a black owned bank? I would like to close my account immediately and patronize a black owned bank.
The closest is in Milwaukee. Not sure if they offer online banking
Is there any black owned bank in Orlando? I need one that I can walk into that is why I am asking.
Illinois Service Federal – 47th Street Branch Chatham Office
8700 S. King Drive
Chicago, IL 60619
P: 773-224-2160 F: 773-224-9042
Day Lobby Drive-Up
Monday 9:00am – 4:30pm 7:30am – 4:30pm
Tuesday 9:00am – 4:30pm 7:30am – 4:30pm
Wednesday 9:00am – 4:30pm 7:30am – 4:30pm
Thursday 9:00am – 4:30pm 7:30am – 4:30pm
Friday 9:00am – 6:00pm 7:30am – 6:00pm
Saturday 9:00am – 1:00pm 7:30am – 1:00pm
I live in Greenville, SC and we do not have any here that I know of, but I recently heard about C.O. Federal Credit Union in Charleston, SC.
There is a black owned bank in Columbia, SC and West Columbia, SC. They are in the list above.
Please be careful with One United, it has a few bad reviews on Yelp and also only a C rating: https://www.depositaccounts.com/banks
Any black owned banks in Kentucky?
Please some one answer this question
Any Black Owned banks n St Louis, MO?
Any black owned banks in Denver, Colorado?
I’m looking for black owned in Denver as well!
I think St. Louis Community Credit Union was black owned, at least it used to be black owned.
We need a black owned bank in Peru, South America, please help us with your experience.
Is there any black owned banks in Oklahoma??
Any of them in Philadelphia, PA area?
http://www.ubphila.com/
Any in Connecticut??
Even though someone says there’s one in Charleston, SC, I’d like to verify if its true?
We need one Columbus Ohio
Citizen’s Savings Bank & Trust Nashville
http://ww2.tnstate.edu/library/digital/CITIZEN.HTM
http://www.bankcbn.com
Is there a Black owned Bank in Phx,Az …I want so much to support my people.OMG!!! I am so happy!! We are on our way!!!
Their is not any in Tulsa oklahoma ?
St. Louis, Missouri city and county areas are in need of having a Black owned bank in which residents in the Black communities as well as all others outside the communities whom wish to partake, can support!!!
I heard Carver is only 2% black owned.
Should we still consider that bank?
Are there any banks or credit unions out here in NY we can use?
I don’t consider Carver Federal Savings to be black owned anymore. You can always choose City National Bank. http://www.citynatbank.com They have a branch in Harlem and in Brooklyn.
HERE ARE LINKS TO BLACK OWNED , BANKS, FARMERS, ETC, AND OTHER BLACK OWNED BUSINESSES…PEACE.
http://watchtheyard.com/life/black-owned-banks/
http://blackoutcoalition.org/black-u-s-banks/
http://egrassrootsbusiness.com/article/black-farmers-to-buy-from-instead-of-whole-foods.html
Any black owned banks in Denver, Co?
The Concord Federal Credit Union
833 Gardner C. Taylor Blvd.
Brooklyn, NY
Hope Credit Union was started by Anderson UMC (black church) in Jackson Mississippi (now has branches in 4 states) but I am not 100% if they are still black owned or not.
The 3-4 banks in Dallas I called them…if you are not a member of their church then you can’t bank there. Hopefully the ones in Houston will give me better luck. If there is anyone in Houston that can help out with info that would be great!! I have friends in Dallas who are ready to make the switch, we will even pile up in cars and make that 4hr ride to open accounts with a black bank! Or Louisiana please any info would be appreciated! Email me–>kaydriangrays@yahoo.com
The article was great, are there any Black owned Banks in the Daytona Beach Area.
Black owned bank in lafayette, la.
Are there any banks in Kansas besides the one (s) in Kansas City, Kansas
Any black owned banks near Louisville, KY?
Please some one answer this question
Metro Bank is supposedly black owned. I’ll be having an appointment with them to make sure.
http://www.metrobankky.com/
http://www.timeforanawakening.com/2016/09/here-is-a-list-of-23-black-owned-banks-credit-unions-and-financial-institutions-to-support/
SF Bay Area?
C O Federal Credit Union in Charleston SC
http://www.cofederalcreditunion.com/
Melbourne, Florida?
How does Oakland Ca not have one?
Are there any in Las Vegas, Nv?
Sir,For years I’ve been interested in supporting Black Owned Busineses since I Retired from the US Army,I live in Little Rock Ar,are there any Black owned Banks in Ar??&What are the Benifits over other banks,I’m interested in opening an account,with one in my area,thank you .Sincerley Charles Wspoon
Hello my name is Harold Jones and wanted to if there are any black owned banks in the South Jersey Region of of New Jersey near Philadelphia?
citynatbank.com is in New Jersey
http://www.ubphila.com/
Faith Community United Credit union -Cleveland , oh
Please before you invest in a bank do your research on the bank to ensure they are still black owned and not funded by a larger bank…
M&F has re-branded to not focus on black clientele in order to sustain their bank’s assets and business.
https://secure.mfbonline.com/wp-content/uploads/2015/07/jimsills-news.pdf
But are they still owned by Black?
We need a black owned bank in Rochester, NY
Any black owned banks near Denver, Colorado? I can do online banking.
Why post this on social media. If it’s a boycott, why tell the world? How you think other “organizations” become successful; because they kept it as a secret.
Is the any black owned band in Indiana? Or any other options for those who don’t have a local black owned bank or credit union?
I live in Covington, Louisiana. Where would a black owned bank be located
Are there any in Denver, Colorado?
Any near Delaware?
Does anyone know of any black owned banks in Minnesota?
St Louis Missouri surely needs a Black own bank
Davenport Florida, Kissimmee FLorida, or even Orlando FLorida.. Please, open one here.
Oakland, California? I see no banks or credit unions? Any in the Bay Area at all? And are we talking savings accounts? What the best tool to show support and empower? Don’t have huge money but want to do right/ better.
Are there any others in MI besides Detroit, MI
Could you inform me as to where in Minnesota if there are any Black owned banks or credit unions.
Thank you
I did not see any listing for black owned banks in California mat be one or two of the ones above should think about expanding here, at lease one in LA , Orange County, and San Diego.
There’s two listed above in LA
South Carolina Community Bank, Columbia SC
[…] https://blackmainstreet.net/26-black-owned-banks-and-credit-unions/ […]
It is my understand that the M&F Bank in North Carolina is an (African American Bank) yet, when I clicked to sign up, all I saw in the back ground of the page representing families were white families. As a bank and institution, why are their not any African American families that is also in the back ground representing the people whom the bank represent?
Are there any credit unions or banks in Canton Ohio area?
If you are in the ORLANDO area – the black owned bank is in Maitland called Axiom Bank. They also have locations in TAMPA and JACKSONVILLE. Branches and ATMS are in Wal-Mart stores too. Owned by Robert L. Johnson (yes, from BET). Disclaimer: The only part that bothers me is that the bank doesn’t have any black executives in leadership.
Is there one in San Diego, California?
are there any black owned banks in Maryland
How is even possible that the Nation of Islam does not have a bank? The 3 Year Economic Plan fundraiser lasted for 15 year! The last black owned bank I joined had more Hispanic employees than blacks! I never seen any blacks working in Hispanic businesses.
Are there any black owned banks and credit unions in Cleveland Ohio? Thank you.
We need one in the bay area
4
Hello. Are there any black owned banks in The columbus ohio area?
we need one in Salisbury Md or lower Delaware
Any in Tampa Florida that anyone know of?
I see banks in southern California but nothing in or near Sacramento, I would love to support.
First Legacy Community Credit Union in Charlotte, NC.
http://www.firstlegacyccu.org
Is there any in san diego ca? Banks or credit unions
The Harbor Bank of Maryland
I live in Orlando, Florida are there any black owned banks or credit unions near me?
I live in Orlando too and I don’t think so. Someone posted that Axiom (Orlando) is black owned but I honestly doubt that after further research.
Are there any Black Owned Banks in Jacksonville, FL?
Is there any black owned banks in Kentucky?
Are there any in Arkansas? Little Rock to be exact
Are there any black owned bank or credit unions in St. Louis, Mo
Wow, nothing in Colorado? Ok investors come together
I live in Cincinnati Ohio does anybody know of any black owned banks here or close
Do we have any in Charlotte NC
I would love to put my money in a black owned back, but can’t find any in Cleveland, Ohio, and I don’t want to trust banking over the internet with a bank out of town.
Are there any black owned banks in the Tampa/Brandon/Riverview, Florida area?
Any of these banks in Rhode Island?
are there any Black owned banks in Texas?
Are there any in Las Vegas?
Yes I’m with you why is it nobody here in Las Vegas opening up a black-owned bank it’s too much money in this town in the banks around here black folks got all their money in it and they won’t even give us a business loan somebody need to open up a black-owned bank
[…] Citizens Trust Bank in Georgia and Alabama is feeling the results of this movement already. The bank posted the following on its Instagram account yesterday: “Let’s keep this movement going! Find a Black Owned Bank in your area and open an account. If you can’t find a physical bank close to you, there are many Black Owned Banks that offer online services. Here is a list of Black Owned Banks in the US”: 26 Black Owned Banks And Credit Unions […]
Are there any black owned banks on Cleveland, Ohio?
Are there any black owned businesses in the Little Rock, AR area? Or close to it ?
We need one in Las Vegas NV and fast please
Are there any black owned banks in Orlando, FL ?
Are there any black-owned banks or credit unions in CT?
Antioch Baptist Church in Cleveland OH, has a credit union.
Hello are there any Black Owned Banks in Colorado, if mot how do we open one or get one here ASAP?
[…] 26 Black Owned Banks And Credit Unions […]
I live in Orlando, Florida and I have been trying to find out if Axiom Bank, formoraly known as Urban Trust Bank is still black owned? I’ve seen some articles that former BET president Robert Johnson owns them, is this still true, and if so why is t this bank listed as a “black owned bank” on this current list?
Carver is no longer Black-owned.
Carver in NY? That was one of my options i was about to open an account at…
Im ready to pull the trigger on putting what i have “under the mattress” in a black owned bank here in NY. I have one in Newark NJ and one in Harlem. Lets say i put the money in the NJ bank will that only benefit the interests and improvement of Black neighborhoods in Jersey? I want to invest my money in these places but it will not benefit where i currently live or spend and i am not in a position to relocate at the moment. Im all for helping build the black community by putting my money in either of these banks but would like some benefit myself.
Are there any black owned banks near Tulsa Oklahoma at least?
Berkeley Community Federal Credit Union
Hello I have a basketball mentor program in San Antonio in an high crime area and would like to add financial literacy to our program any banks in sa texas
Hello All, I’m looking for a Bank/Credit Union, in the Wash., DC area. Also, can anyone please tell me, why I’d chose one over another? Thank you, in advance.
Any Black owned banks in New Jersey?
You can email me at Treasuree815@gmail.com.
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Axiom Bank in Florida is no longer black owned.
Does anyone know of any other black owned banks in Central Florida?
Carver is NO LONGER Black-owned.
“The federal government agreed to rescue the bank, and Goldman Sachs, Morgan Stanley, Prudential Financial, Citigroup and others injected $55 million in cash. But existing Carver shareholders, many of them Harlem residents who for decades had turned to the bank for mortgages or savings accounts, were left with just a 2% stake. The nation’s largest African-American-run bank was no longer African-American-owned.”
https://goo.gl/gVDeot
Friendship West Baptist Church in Dallas, TX has a Credit Union: Faith Cooperative Federal Credit Union http://www.faithcfcu.com/about-fcfcu.html. However you do have to be a member of FWBC.
Hello, My name is carin.
I live in charleston, SC are there any black owned banks here in Summerville, SC and Charleston, SC
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I live inBridgeport Connecticut and there’s not one black bank or credit union here?
Are there any black own banks in Orlando florida
ARE THERE ANY BLACK OWNED BANKS AND CREDIT UNIONS IN HAMPTON ROADS
I lived in Columbus OH are there any black owned banks near me?
Hello I’m a former restaurant owner in kcmo. I have the vision to open a skating rink in the heart of the city for the families who can’t get to the rinks that are far away inthe suburbs. I’m looking for a financial Institute that would help me with funding. Please help with your suggestions.
Sincerely,
La’Donya Wells
[…] The resurgence of black-owned banks is partly credited to the #BankBlack movement that went viral on social media after hip-hop artist and activist Killer Mike called for 1 million people to deposit at least $100 into one of the more than 25 black-owned banks and credit unions across the country. […]
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It is so important and necessary for us to support our own communites. But I am also concerned about if great customer service is offered…the African-American operated bank in OKC is terrible at it. I believe I will look outside my city brcause of that.
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