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.