HBCU Money’s 2013 African American Owned Bank Directory

All banks are listed in alphabetical order. In order to be listed in our directory the bank must have at least 51 percent African American ownership. You can click on the bank name to go directly to their website.

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There are 21 African American owned banks with assets totaling approximately $4.7 billion in assets 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.

ALAMERICA BANK

Location: Birmingham, Alabama

Founded: January 28, 2000

FDIC Region: Atlanta

Assets: $35 404 000

BROADWAY FEDERAL BANK FSB

Location: Los Angeles, California

Founded: February 26, 1947

FDIC Region: San Francisco

Assets: $385 055 000

CAPITAL CITY BANK & TRUST COMPANY

Location: Atlanta, Georgia

Founded: October 3, 1994

FDIC Region: Atlanta

Assets: $294 572 000

CARVER STATE BANK

Location: Savannah, Georgia

Founded: January 1, 1927

FDIC Region: Atlanta

Assets: $41 573 000

CITIZENS TRUST BANK

Location: Atlanta, Georgia

Founded: June 18, 1921

FDIC Region: Atlanta

Assets: $392 286 000

CITY NB OF NEW JERSEY

Location: Newark, New Jersey

Founded: June 11, 1973

FDIC Region: New York

Assets: $340 301 000

COMMONWEALTH NATIONAL BANK

Location: Mobile, Alabama

Founded: February 19, 1976

FDIC Region: Atlanta

Assets: $63 244 000

COVENANT BANK

Location: Chicago, Illinois

Founded: June 20, 1977

FDIC Region: Chicago

Assets: $59 842 000

FIRST INDEPENDENCE BANK

Location: Detroit, Michigan

Founded: May 14, 1970

FDIC Region: Chicago

Assets: $215 924 000

FIRST STATE BANK

Location: Danville, Virginia

Founded: September 08, 1919

FDIC Region: Atlanta

Assets: $38 882 000

FIRST TUSKEGEE BANK

Location:Tuskegee, Alabama

Founded: October 11, 1991

FDIC Region: Atlanta

Assets: $63 127 000

HIGHLAND COMMUNITY BANK

Location: Chicago, Illinois

Founded: November 09, 1970

FDIC Region: Chicago

Assets: $84 948 000

ILLINOIS SERVICE FEDERAL SAVINGS & LOAN

Location: Chicago, Illinois

Founded: January 01, 1934

FDIC Region: Chicago

Assets: $140 148 000

INDUSTRIAL BANK

Location: Washington, DC

Founded: August 18, 1934

FDIC Region: New York

Assets: $342 524 000

LIBERTY BANK & TRUST COMPANY

Location: New Orleans, Louisiana

Founded: November 16, 1972

FDIC Region: Dallas

Assets: $545 019 000

MECHANICS & FARMERS BANK

Location: Durham, North Carolina

Founded: March 01, 1908

FDIC Region: Atlanta

Assets: $304 809 000

NORTH MILWAUKEE STATE BANK

Location: Milwaukee, Wisconsin

Founded: February 12, 1971

FDIC Region: Chicago

Assets: $91 490 000

ONEUNITED BANK

Location: Boston, Massachusetts

Founded: August 02, 1982

FDIC Region: New York

Assets: $590 624 000

SEAWAY BANK & TRUST COMPANY

Location: Chicago, Illinois

Founded: January 02, 1965

FDIC Region: Chicago

Assets: $573 168 000

UNITED BANK OF PHILADELPHIA

Location: Philadelphia, Pennsylvania

Founded: March 23, 1992

FDIC Region: New York

Assets: $67 930 000

UNITY NB OF HOUSTON

Location: Houston, Texas

Founded: August 01, 1985

FDIC Region: Dallas

Assets: $68 125 000

Source: FDIC

39 responses to “HBCU Money’s 2013 African American Owned Bank Directory

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  3. United Bank of Philadelphia is no longer totally “African” owned. Founder of the bank Emma Chappelle (pardon spelling), joined league with white investors, so officially the bank is like BET …black founded…white owned now.

    • At the moment United Bank of Philadelphia is still listed as an African American majority owned bank. In order to meet the list a bank’s ownership must be 51 percent African American owned not 100 percent. Thank you for your support!

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  6. Reblogged this on Forever Black Effusion.

  7. Thank you for taking your valuable time to research and document this updated list of Black owned banks in America. This site/blog is the only source that completely documents with good accurancy as of March 2013 active and majority owned black banks which are seriously a endangered species fro 54 to 20 (Covenant Bank closed and assets were acquired by by Liberty Bank which is also on your list) in less than 20 years. This is something we all should be very deeply concerned about. Thank you HBCU

  8. This is great that we have afican own bank today.We also had banks in 1922 in Tulsa Ok.They were burn to the ground by ill thinking white people.

  9. Thank you. I will getting information about two banks that are near me for deposit of funds therein!

  10. Do you I any banks here the Dallas Fort Worth area?

  11. Tri-state Bank of Memphis is a black owned bank. This bank saved the Civil Rights museum when it had financial trouble. Their very boardroom held sit-ins with Dr. King!!

    http://www.tristatebank.com/

  12. I was unaware there was a black owned bank in Michigan. Awesome.

  13. Pingback: Did You Know There Were 21 African American Owned Banks In The Country? | Urban IntellectualsUrban Intellectuals

  14. Are there any banks 100% black owned?

  15. Thanks for this post of Black Businesses…

  16. Can you also inform us about Black Owned Credit Unions?

  17. Do any of these banks have a DRIP investment program

  18. Phillip Thompson

    Are there any black owned banks in richmond, va.?

  19. Sean Strickkand

    Looking for a black owned bank so I can use them to help me finance fleets of cars from car lot sestrickland@sbcglobal.net for black owened car dealerships and I’m not a small dealership

  20. thank you for the information is there any black own bank in the Pittsburgh pa area?

  21. Thank you for this. This takes away some of the “they won’t help you. Get help from your own.” I got help from my own. and it feels great.

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  24. Pingback: 21 African-American Owned Banks with 4.7 Billion in Assets | BLACK CENTRAL™

  25. I take it that Carver Federal is not listed because it’s holdings are under 51% African American owned

    • That would be correct. Carver back in 2011 received a $55 million investment from the investment group of Goldman Sachs, Morgan Stanley, American Express, and others to keep the bank solvent it was reported.

  26. What about Tri-State Bank here in Memphis,TN? Is it less than 51% black owned?

  27. I think that it is suicidal for American Americans not to support Black banks. In Mobile, AL, there are one Black bank and two White banks within two blocks of each other, and Black clients will walk into the White banks with pride on their faces. They don’t understand that the growth of Black banks will enhance the Black community because Black banks will invest in the Black community while the White banks will not. I am the Editor of the Mobile Beacon, and I wrote an article concerning supporting Black businesses. i wrote, “I understand if Black people can get a greater return on their funds in a White bank, they can deposit some funds in a Black bank and some in a White bank.”.

  28. Do you have a list of ONLINE banks? :-)

  29. TriState bank here in Memphis should be on this list. Why isn’t it?

  30. I’m looking for a Black Owned Bank in Maryland so I can open an account for a small business. Recommendations?

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