For the most current African American Owned Bank Directory visit the 2022 link by clicking here.
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.
(Founders of Merchants & Farmers Bank in Durham, North Carolina)
OTHER KEY FINDINGS:
- AAOBs are in 17 states. Key states absent are Florida, Mississippi, New York, and Ohio.
- Alabama leads the way with 3 AAOBs. Georgia and Illinois had 3 last year, but each saw a bank fail to begin 2015.
- 2014 Median AAOBs Aseets: $113 470 000 ($117 869 000)*
- 2014 Average AAOBs Assets: $233 583 000 ($206 932 000)*
- African American bank assets saw a 2.0 percent decrease or net loss of approximately $100 million in assets in 2014.
- AAOBs control 0.03 percent of America’s $15.2 trillion Bank Owned Assets.
- AAOBs control 2.6 percent of FDIC designated Minority-Owned Bank Assets
- In 2014, there were 25 AAOBs, this year there are 23 or a decrease of almost 8 percent.
- There has not been an AAOB started in 15 years.
- Only 10 of 2013’s 23 AAOBs saw increases in assets.
- For comparison, Asian American Owned Banks have approximately $42.1 billion in assets spread over 75 institutions. They control 5.9 percent of Asian America’s buying power.
*Previous year in parentheses
There are 23 African American owned banks (AAOBs) with assets totaling approximately $4.8 billion in assets or approximately 0.43 percent of African America’s $1.1 trillion in buying power.
Location: Birmingham, Alabama
Founded: January 28, 2000
FDIC Region: Atlanta
Assets: $40 946 000
Asset Change (2014): Up 11.5%
Location: Los Angeles, California
Founded: February 26, 1947
FDIC Region: San Francisco
Assets: $345 574 000
Asset Change (2014): Down 2.2%
Location: Savannah, Georgia
Founded: January 1, 1927
FDIC Region: Atlanta
Assets: $43 263 000
Asset Change (2014): Up 6.1%
Location: Nashville, Tennessee
Founded: January 4, 1904
FDIC Region: Dallas
Assets: $99 050 000
Asset Change (2014): Up 1.9%
Location: Atlanta, Georgia
Founded: June 18, 1921
FDIC Region: Atlanta
Assets: $400 759 000
Asset Change (2014): Up 2.3%
Location: Newark, New Jersey
Founded: June 11, 1973
FDIC Region: New York
Assets: $287 222 000
Asset Change (2014): Down 8.3%
COLUMBIA SAVINGS & LOAN ASSOCIATION
Location: Milwaukee, Wisconsin
Founded: January 1, 1924
FDIC Region: Chicago
Assets: $24 345 000
Asset Change (2014): Up 0.9%
Location: Mobile, Alabama
Founded: February 19, 1976
FDIC Region: Atlanta
Assets: $58 719 000
Asset Change (2014): Down 1.2%
Location: Detroit, Michigan
Founded: May 14, 1970
FDIC Region: Chicago
Assets: $247 106 000
Asset Change (2014): Up 6.7%
Location: Danville, Virginia
Founded: September 08, 1919
FDIC Region: Atlanta
Assets: $39 226 000
Asset Change (2014): Up 1.1%
Location: Tuskegee, Alabama
Founded: October 11, 1991
FDIC Region: Atlanta
Assets: $55 515 000
Asset Change (2014): Down 12.1%
Location: Baltimore, Maryland
Founded: September 13, 1982
FDIC Region: New York
Assets: $233 583 000
Asset Change (2014): Down 3.7%
ILLINOIS SERVICE FEDERAL SAVINGS & LOAN
Location: Chicago, Illinois
Founded: January 01, 1934
FDIC Region: Chicago
Assets: $113 470 000
Asset Change (2013): Down 3.7%
Location: Washington, DC
Founded: August 18, 1934
FDIC Region: New York
Assets: $365 179 000
Asset Change (2014): Up 6.6%
Location: New Orleans, Louisiana
Founded: November 16, 1972
FDIC Region: Dallas
Assets: $552 081 000
Asset Change (2014): Down 1.8%
Location: Durham, North Carolina
Founded: March 01, 1908
FDIC Region: Atlanta
Assets: $289 202 000
Asset Change (2014): Down 0.9%
Location: Milwaukee, Wisconsin
Founded: February 12, 1971
FDIC Region: Chicago
Assets: $77 115 000
Asset Change (2014): Down 11.2%
Location: Boston, Massachusetts
Founded: August 02, 1982
FDIC Region: New York
Assets: $619 908 000
Asset Change (2014): Up 1.2%
Location: Chicago, Illinois
Founded: January 02, 1965
FDIC Region: Chicago
Assets: $522 353 000
Asset Change (2014): Down 5.2%
Location: Columbia, South Carolina
Founded: March 26, 1999
FDIC Region: Atlanta
Assets: $61 783 000
Asset Change (2014): Down 11.2%
Location: Memphis, Tennessee
Founded: December 16, 1946
FDIC Region: Dallas
Assets: $126 661 000
Asset Change (2014): Down 15.7%
Location: Philadelphia, Pennsylvania
Founded: March 23, 1992
FDIC Region: New York
Assets: $60 531 000
Asset Change (2014): Down 3.1%
Location: Houston, Texas
Founded: August 01, 1985
FDIC Region: Dallas
Assets: $75 516 000
Asset Change (2013): Up 8.2%
HBCU Money 
I’m curious if anyone knows if the black-owned bank in Mobile has any connection to the historically black town of Africa, located not far from Mobile?
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Where’s Carver Federal Savings Bank, New York, New York on your list?
So as of February 2016, there remains only 23 African American Owned Banks?