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24 Black Banks That Are Still Operating In 2019

in All Posts/Black Money by

The number Black banks operating in the U.S. fell 54 percent between 2001 and 2016. Many have either been acquired or have simply gone out of business.

We’ve compiled the most recent and up to date list of the banks that are still Black owned and managed and are still operating in 2019.

Black Banks

Alamerica Bank (Birmingham, AL)

Broadway Federal Bank  (Los Angeles, CA)

Carver Federal Savings Bank (New York, NY)

Carver State Bank (Savannah, GA)

Citizens Trust Bank (Atlanta, GA)

black banks
Citizens Trust Bank

Citizen Trust Bank (Birmingham, AL)

Citizens Bank (Nashville, TN)

Columbia Savings and Loan (Milwaukee, WI)

City National Bank (Newark, NJ)

Commonwealth National Bank (Mobile, AL)

First Independence Bank (Detroit, MI)

The Harbor Bank (Baltimore, MD)

GN Bank (Chicago, IL)

Industrial Bank (Washington D.C.)

black banks
Industrial Bank

Liberty Bank (New Orleans, LA)

Liberty Bank (Baton Rouge, LA)

Liberty Bank (Kansas City, MO)

Liberty Bank (Chicago, IL)

Liberty Bank (Jackson, MS)

Mechanics & Farmers Bank (Durham, NC)

OneUnited Bank (Miami, FL)

OneUnited Bank (Boston, MA)

United Bank of Philadelphia (Philadelphia, PA)

Unity National Bank (Houston, TX)



Tony O. Lawson 

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  1. My name is Jacqueline Anderson-Smith and I’m an African American female and a director at Alamerica Bank in Birmingham, Alabama. There are two African American owned banks in Alabama. I can be reached at 205-558-4600 should you care to learn more about the bank.

  2. Tri-State Bank of Memphis (Memphis, TN) is still a Black owned Bank! It was only acquired for about 3 months where it did not have a Black CEO.

  3. Why are Black owned banks still following the guidelines of white owned banks?? They will give African Americans loans easier to do unnecessary spending in personal loans but decline on business loans to expand or build up their businesses… where is the real help in this situation??

  4. There is black empowerment but also self segregation which ultimately does more harm in the long run. A black bank simply will not survive in a world where only 16% of the population may conduct its business.

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