As recent surges in individuals moving their dollars into Black-owned banking institutions, the media has only really focused in on one, Citizens Trust Bank, in Atlanta. The bank, as of last week, had received over 8,000 new account holders largely through the diligent work of Atlanta rapper Killer Mike. With Killer Mike’s help, Citizens Trust Bank gained approximately $1 million in deposits. Yes, there’s Citizens Trust Bank but there are also twenty other banking institutions owned by African-Americans. In case you are not located in the Atlanta area and want to know where are these banks stationed in your area/city, here’s a list compiled by HBCUMoney.com that is a great resource: ALABAMA ALAMERICA BANK Location: Birmingham, Alabama Founded: January 28, 2000 FDIC Region: Atlanta COMMONWEALTH NATIONAL BANK Location: Mobile, Alabama Founded: February 19, 1976 FDIC Region: Atlanta CALIFORNIA BROADWAY FEDERAL BANK FSB Location: Los Angeles, California Founded: February 26, 1947 FDIC Region: San Francisco DISTRICT OF COLUMBIA INDUSTRIAL BANK Location: Washington, DC Founded: August 18, 1934 FDIC Region: New York GEORGIA CARVER STATE BANK Location: Savannah, Georgia Founded: January 1, 1927 FDIC Region: Atlanta CITIZENS TRUST BANK Location: Atlanta, Georgia Founded: June 18, 1921 FDIC Region: Atlanta ILLINOIS ILLINOIS SERVICE FEDERAL SAVINGS & LOAN Location: Chicago, Illinois Founded: January 01, 1934 FDIC Region: Chicago SEAWAY BANK & TRUST COMPANY Location: Chicago, Illinois Founded: January 02, 1965 FDIC Region: Chicago LOUISIANA LIBERTY BANK & TRUST COMPANY Location: New Orleans, Louisiana Founded: November 16, 1972 FDIC Region: Dallas MARYLAND HARBOR BANK OF MARYLAND Location: Baltimore, Maryland Founded: September 13, 1982 FDIC Region: New York MASSACHUSETTS ONEUNITED BANK Location: Boston, Massachusetts Founded: August 02, 1982 FDIC Region: New York MICHIGAN FIRST INDEPENDENCE BANK Location: Detroit, Michigan Founded: May 14, 1970 FDIC Region: Chicago NEW JERSEY CITY NB OF NEW JERSEY Location: Newark, New Jersey Founded: June 11, 1973 FDIC Region: New York NORTH CAROLINA MECHANICS & FARMERS BANK Location: Durham, North Carolina Founded: March 01, 1908 FDIC Region: Atlanta PENNSYLVANIA UNITED BANK OF PHILADELPHIA Location: Philadelphia, Pennsylvania Founded: March 23, 1992 FDIC Region: New York SOUTH CAROLINA SOUTH CAROLINA COMMUNITY BANK Location: Columbia, South Carolina Founded: March 26, 1999 FDIC Region: Atlanta TENNESSEE CITIZENS SAVINGS B&T COMPANY Location: Nashville, Tennessee Founded: January 4, 1904 FDIC Region: Dallas TRI-STATE BANK OF MEMPHIS Location: Memphis, Tennessee Founded: December 16, 1946 FDIC Region: Dallas TEXAS UNITY NB OF HOUSTON Location: Houston, Texas Founded: August 01, 1985 FDIC Region: Dallas VIRGINIA FIRST STATE BANK Location: Danville, Virginia Founded: September 08, 1919 FDIC Region: Atlanta WISCONSIN COLUMBIA SAVINGS & LOAN ASSOCIATION Location: Milwaukee, Wisconsin Founded: January 1, 1924 FDIC Region: Chicago NORTH MILWAUKEE STATE BANK Location: Milwaukee, Wisconsin Founded: February 12, 1971 FDIC Region: Chicago To access each bank’s website, visit HBCUMoney.com.
