21 Black-Owned Banks And Credit Unions In US

Considering Black Banking? Here Are 21 Black-Owned Banks Around The U.S.

Like most Black-Americans right now, you’ve probably been asking yourself what you can do to effect change in in lieu of the recent racial tragedies. Well, that’s what we’re here for! One way to rebuild and protect African American communities is to invest in Black-owned business. That doesn’t just mean curly hair custards or skincare, that also includes necessities like banking. Here we’ve compiled a list of 21 Black-owned banks and credit unions that will help you put your money where your mouth is. Flip the script to find a location near you.

Carver Federal Savings Bank

Founded: 1948

Serving: New York

Assets: Approx. $640 Million

City National Bank of New Jersey

Founded: 1973

Serving: New Jersey and New York

Assets: Approx. $340 Million

Industrial Bank

Founded: 1934

Serving: District of Columbia and Maryland

Assets: Approx. $342 Million

The Harbor Bank Of Maryland

Founded:1982

Serving:Baltimore, Maryland

Assets: Approx. $235 Million

One United Bank

Founded: 1968

Serving: Boston, MA, Los Angeles, CA and Miami, FL

Assets: Approx. $614 Million

United Bank of Philadelphia

Founded: 1992

Serving: Philadelphia, Pennsylvania

Assets: Approx. $68 Million

First Independence Bank

Founded: 1970

Serving:Detroit, Michigan

Assets: Approx. $216 Million

First State Bank

Founded: 1919

Serving: Danville Virginia and surrounding

Assets: Approx. $38 Million

Illinois Service Federal Savings & Loans

Founded: 1934

Serving: Chicago, Illinois Area

Assets: Approx. $140 Million

Seaway Bank & Trust Company

Founded: 1965

Serving: Chicago, Illinois and surrounding

Assets: Approx. $753 Million

Mechanics & Farmers Bank

Founded: 1998

Serving: Durham, North Carolina and surrounding

Assets: Approx. $298 Million

Columbia Savings & Loans

Founded:1924

Serving: Milwaukee, Wisconsin

Assets: Approx. $24 Million

Alamerica Bank

Founded: 2000

Serving: Birmingham, Alabama

Assets: Approx. $41 Million

Commonwealth National Bank

Founded: 1976

Serving: Mobile, Alabama

Assets: Approx. $59 Million

Tri-State Bank of Memphis

Founded: 1946

Serving: Memphis, Tennessee and surrounding

Assets: Approx. $125 Million

Citizens Savings Bank & Trust

Founded: 1904

Serving: Nashville, Tennessee

Assets: Approx. $108 Million

Liberty Bank & Trust Company

Founded: 1972

Serving: New Orleans, Louisiana

Assets: Approx. $545 Million

Broadway Federal Bank

Founded: 1947

Serving: Los Angeles, California

Assets: Approx. $385 Million

Citizens Trust Bank

Founded: 1927

Serving: Atlanta, Georgia

Assets: Approx. $392 Million

Carver State Bank

Founded: 1927

Assets: Approx. $41 Million