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Could You Spend $30 Million In 30 Days on Us? How Monty Brewster Could Have Spent $30 Million with African American Businesses

“And we’re in the business of being in business, and we’re doin’ business.” – “Monty” Brewster

The 1985 film Brewster’s Millions, starring Richard Pryor as Montgomery “Monty” Brewster, tells the story of a man who must spend $30 million in 30 days without accumulating assets or informing anyone of his goal in order to inherit $300 million. Adjusted for inflation, Brewster’s $30 million would be approximately $85 million in today’s dollars, while the $300 million inheritance would be worth over $850 million. While Monty’s spending spree involved extravagant parties, failed investments, and creative tactics to burn through cash, the film missed an opportunity to showcase meaningful economic empowerment strategies. By directing his wealth toward African American businesses, Monty could have positively impacted communities while still meeting the conditions of the challenge. This article outlines how Brewster could have spent his fortune effectively within the African American business ecosystem.

  1. Investing in Education, Arts, and Wellness for African American Communities ($1.5 million or $4.25 million in today’s dollars)

Monty Brewster could have channeled a portion of his funds toward HBCUs, African American arts organizations, and health initiatives. These institutions play a vital role in developing African American leadership, entrepreneurship, and cultural advancement. Brewster could have funded scholarships, financed infrastructure improvements, or supported specialized academic programs such as business incubation centers. Additionally, Brewster could have become a major patron of African American artists, musicians, and cultural organizations. Funding live performances, commissioning murals and sculptures, or sponsoring large-scale cultural events would have allowed him to inject cash into the creative sector while meeting the requirement to spend without accumulating lasting assets.

Health disparities have historically affected African American communities. Brewster could have supported Black-owned health clinics, funded wellness programs, or launched temporary mental health outreach initiatives. Sponsoring community health fairs and free medical check-up events could have aligned with his spending goals. To adhere to his challenge’s constraints, Brewster is limited charitable giving to $1.5 million. Within that budget, he could have made substantial contributions to civil rights organizations such as the National Center for Black Family Life, Black Teacher Project, and African American Credit Union Coalition. Funding advocacy campaigns, legal defense funds, and educational outreach programs would have ensured his spending aligned with causes that strengthen social equity. By underwriting public awareness campaigns or supporting temporary voter registration drives, he could have spent large sums while advancing civil rights initiatives.

  1. Supporting African American Media Companies ($4 million or $11.3 million in today’s dollars)

The media landscape has historically marginalized African American voices. Brewster could have spend money in Black-owned newspapers, radio stations, and production companies. By purchasing advertising space, sponsoring TV segments, or funding film productions that amplify African American stories, he could have spent millions while strengthening the narrative control of the community. This would have been especially true when he ran for mayor of New York City with his “None Of The Above” campaign which allows him to burn through millions.

  1. Empowering African American-Owned Interior Designers ($3 million or $8.5 million in today’s dollars)

Instead of investing in real estate projects with limited long-term impact, Brewster could have hired African American-owned interior design firms to revamp commercial spaces, restaurants, and event venues. Funding redesigns for offices, galleries, or retail spaces would have allowed him to spend significant amounts quickly while showcasing Black creative talent. Partnering with these designers to create temporary installations, pop-up exhibits, or themed public events would further align with Brewster’s spending objectives.

  1. Supporting Black-Owned Restaurants and Hospitality ($5 million or $14.2 million in today’s dollars)

Instead of squandering money on excessive parties with little social value, Brewster could have organized lavish gatherings catered exclusively by Black-owned restaurants, breweries, and event-planning companies. Hosting galas, networking events, or concerts powered by African American businesses would have rapidly spent millions while empowering these enterprises. Additionally, Brewster could have pre-paid months of reservations at Black-owned hotels for conferences, weddings, and events that celebrate Black culture.

  1. Promoting and Empowering African American Entrepreneurs in Technology ($4 million or $11.3 million in today’s dollars)

During the 1980s, technology was emerging as a transformative industry. Brewster could have directed funds to African American inventors, tech startups, and computer training programs. Sponsoring computer literacy drives in underserved neighborhoods, purchasing computers for community centers, or funding coding boot camps would have injected significant capital into this sector without violating the “no assets” condition. Additionally, Brewster could have launched a series of pitch competitions or startup grant programs to fund Black entrepreneurs. By awarding no-strings-attached grants to aspiring business owners, Brewster could have circulated his funds directly into the hands of innovative minds in the community. Creating a “Brewster’s Millionaire Fund” for new ventures would have established a lasting narrative of empowerment.

  1. Financing Black-Owned Transportation Companies ($4 million or $11.3 million in today’s dollars)

Brewster’s challenge required rapid cash outflows. He could have achieved this by chartering fleets of Black-owned transportation services, including buses, limousines, and taxis. Organizing free ride programs, senior citizen transport services, or back-to-school bus initiatives would have ensured meaningful community impact while fulfilling the spending requirements.

  1. Sponsoring Sports Teams in the African American Community ($4.5 million or $12.7 million in today’s dollars)

In the film, Brewster splurged on funding a struggling baseball team. He could have expanded this vision by sponsoring youth sports leagues, purchasing uniforms from Black-owned apparel companies, and financing travel expenses for underserved teams. By supporting athletics in underserved communities, he would have combined financial impact with social good.

  1. Creating Pop-Up Markets and Retail Experiences ($4 million or $11.3 million in today’s dollars)

To rapidly circulate cash, Brewster could have sponsored temporary markets that featured Black-owned businesses. By covering booth fees, marketing costs, and other overhead expenses, he could have injected cash into dozens of retail entrepreneurs. Such events would celebrate local artisans, designers, and vendors while creating a meaningful economic impact.

Monty Brewster’s dilemma of spending $30 million in 30 days presented a unique opportunity to create lasting change. By investing heavily in African American businesses, nonprofits, and community initiatives, Brewster could have met his goal while strengthening economic power in marginalized communities. Such a storyline would not only have showcased Brewster’s ingenuity but also highlighted the immense potential of targeted investment to uplift communities. If Hollywood ever revisits Brewster’s Millions, perhaps they will reimagine his spending spree as a transformative journey of economic empowerment.

Highest Paying Dividend Index ETFs by Sector (2025 Update)

Investing Together: How Families Can Benefit from a Sector-Based Dividend ETF Portfolio

In an age where financial literacy is just as important as traditional education, building a culture of investing within the family unit can be transformative. A sector-based dividend ETF (Exchange-Traded Fund) portfolio, such as the one recently highlighted in the “Highest Paying Dividend Index ETFs by Sector (2025 Update),” provides not only a reliable source of income through dividends but also a foundational tool for families to grow generational wealth, teach financial principles, and maintain economic resilience across economic cycles.

Why Dividend ETFs?

Dividend ETFs are a type of fund that holds a collection of dividend-paying stocks. Instead of owning individual companies and worrying about the performance of one or two stocks, ETFs give you diversified exposure to many companies within a sector. For example, the Vanguard Real Estate ETF (VNQ) gives investors exposure to real estate investment trusts (REITs), which typically pay higher-than-average dividends. Similarly, Utilities Select Sector SPDR Fund (XLU) provides exposure to utility companies, a sector known for steady performance and consistent dividend payments.

What makes these ETFs especially attractive is their passive income potential. By subtracting expense ratios (i.e., the fees to manage the ETF) from the dividend yield, we calculate the real annual dividend yield—the true income an investor earns. As families build portfolios with these tools, they are effectively laying the groundwork for consistent cash flow, which can be reinvested, used for expenses, or saved for long-term goals.


Benefits to Families

1. Creating a Passive Income Stream

Each ETF in the portfolio provides a small “paycheck” in the form of dividends, typically distributed quarterly. A well-diversified ETF portfolio can yield between 1.10% to nearly 4.00% annually, even after accounting for fees. For families, this means having a source of income that doesn’t rely on active work. Over time, reinvesting those dividends can lead to exponential growth—a concept known as compounding.

Let’s say a family invests $10,000 evenly across the top-performing ETFs like VNQ (3.88%), XLU (3.40%), and XLP (2.40%). Even at a modest return, that’s hundreds of dollars per year generated simply for holding onto investments—funds that could be used for savings, college funds, vacations, or even to reinvest further.

2. Sector Diversification Reduces Risk

This approach spreads investment risk across multiple parts of the economy: healthcare, real estate, technology, consumer goods, industrials, and more. By investing in ETFs that represent different sectors, families protect themselves from being overly exposed to one industry’s downturn. For example, if the technology sector underperforms, the utilities or real estate sectors—known for stability—can balance the portfolio.

This type of diversification is often compared to the phrase: “Don’t put all your eggs in one basket.” It’s especially vital for families who may not have the resources to weather major financial downturns without support.

3. Education and Involvement

Perhaps one of the most overlooked benefits of a family investment strategy is the educational component. Children who grow up in households where investments are discussed openly tend to have a better understanding of money management, risk, and long-term planning. Sitting together to review ETFs, tracking dividends, and discussing financial goals as a family can become a hands-on, real-world economics lesson.

Imagine a young child asking why a utility company pays more in dividends than a tech company. That conversation could spark curiosity that leads to lifelong financial competence.

4. Building Generational Wealth

Families often think of wealth in terms of property or inheritances. However, stock portfolios—especially those that grow with dividends—can quietly become powerful financial legacies. With dividend reinvestment plans (DRIPs), families can automatically reinvest earnings, buying more shares without lifting a finger.

Over 10–20 years, such compounding can result in significant growth—even for modest contributions. A $5,000 investment today in an ETF yielding 3.5% reinvested annually could be worth well over $10,000 within two decades, assuming modest appreciation. Multiply that across several ETFs and contributions over time, and you’re not just saving—you’re building a legacy.


Getting Started

For families interested in building this type of portfolio, consider the following steps:

  1. Start Small: You don’t need thousands of dollars. Most brokers now offer fractional shares. You can start investing with as little as $5 or $10.
  2. Pick Core Sectors: Start with 3-5 sectors that align with long-term stability (e.g., healthcare, utilities, consumer goods).
  3. Set Up a DRIP: Automatically reinvest dividends to maximize compounding over time.
  4. Have Monthly Check-ins: Discuss how the investments are performing, what dividends were earned, and what sectors are thriving. Involve your children if appropriate.
  5. Use Tax-Advantaged Accounts: Consider using Roth IRAs, 529 college savings plans, or custodial accounts to maximize tax efficiency.

Basic Materials

  • ETF: Materials Select Sector SPDR Fund (XLB)
  • Issuer: State Street
  • Dividend Yield: 2.10%
  • Expense Ratio: 0.10%
  • Real Annual Dividend Yield: 2.00%​

Consumer Goods

  • ETF: Consumer Staples Select Sector SPDR Fund (XLP)
  • Issuer: State Street
  • Dividend Yield: 2.50%
  • Expense Ratio: 0.10%
  • Real Annual Dividend Yield: 2.40%​

Financials

  • ETF: Financial Select Sector SPDR Fund (XLF)
  • Issuer: State Street
  • Dividend Yield: 2.30%
  • Expense Ratio: 0.10%
  • Real Annual Dividend Yield: 2.20%​

Healthcare

  • ETF: Health Care Select Sector SPDR Fund (XLV)
  • Issuer: State Street
  • Dividend Yield: 1.60%
  • Expense Ratio: 0.10%
  • Real Annual Dividend Yield: 1.50%​

Industrial Goods

  • ETF: Industrial Select Sector SPDR Fund (XLI)
  • Issuer: State Street
  • Dividend Yield: 1.90%
  • Expense Ratio: 0.10%
  • Real Annual Dividend Yield: 1.80%​

Services (Consumer Discretionary)

  • ETF: Consumer Discretionary Select Sector SPDR Fund (XLY)
  • Issuer: State Street
  • Dividend Yield: 1.20%
  • Expense Ratio: 0.10%
  • Real Annual Dividend Yield: 1.10%​

Technology

  • ETF: Technology Select Sector SPDR Fund (XLK)
  • Issuer: State Street
  • Dividend Yield: 1.30%
  • Expense Ratio: 0.10%
  • Real Annual Dividend Yield: 1.20%​

Utilities

  • ETF: Utilities Select Sector SPDR Fund (XLU)
  • Issuer: State Street
  • Dividend Yield: 3.50%
  • Expense Ratio: 0.10%
  • Real Annual Dividend Yield: 3.40%​

Real Estate

  • ETF: Vanguard Real Estate ETF (VNQ)
  • Issuer: Vanguard
  • Dividend Yield: 4.00%
  • Expense Ratio: 0.12%
  • Real Annual Dividend Yield: 3.88%​

Final Thoughts

Wealth isn’t just about having money—it’s about having the knowledge and structure in place to build and preserve it. A sector-based dividend ETF portfolio provides families a chance to learn together, earn together, and plan together. It turns investing from something abstract into a shared experience with real-life value.

The image of a family gathered around a laptop, reviewing charts and dividend yields, is more than a snapshot—it’s a vision of the future. A future where African American families, and all families, are empowered to take control of their financial destinies one dividend at a time.

The Price of Power: Are Tariffs America’s Modern Military Blunder?

“Never interrupt your enemy when he is making a mistake.” – Napoleon Bonaparte

Throughout history, pivotal moments have reshaped the global balance of power—not only through military conflict but also through strategic missteps in policy, diplomacy, and economics. A recent History Hit article highlights some of the greatest military mistakes in history, such as Crassus’ catastrophic defeat at Carrhae, where overconfidence, misjudgment of the enemy, and environmental ignorance led to one of Rome’s most humiliating losses. These cautionary tales echo eerily in today’s geopolitical landscape, especially in the realm of economic warfare.

As the United States doubles down on protectionist policies and tariffs—particularly under the current administration—there’s a growing concern that this approach may not just harm short-term trade balances but fundamentally alter the global power hierarchy.

The Tariff Trap: Echoes of Strategic Overreach

Crassus believed a swift strike against the Parthians would cement his legacy and expand Roman power. But what followed was a lesson in hubris: his troops, ill-prepared for desert warfare and blindsided by superior Parthian tactics, were decimated. The battle didn’t just cost Rome a legion; it shifted the balance of power in the East and emboldened one of its greatest rivals.

Fast-forward to today’s economic theater, and we see the U.S. taking a similarly aggressive stance—this time not with legions, but with tariffs. Aimed largely at China, but also impacting allies and neutral states, these tariffs are designed to correct trade imbalances and protect domestic industries. Yet, critics argue they may have the opposite effect: damaging global supply chains, triggering retaliatory measures, and accelerating the rise of alternative trade blocs that exclude the U.S.

A Self-Inflicted Isolation?

Just as Crassus underestimated the adaptability and strength of the Parthians, the U.S. may be underestimating how quickly other nations can pivot. Countries like China, India, Brazil, and members of the European Union are increasingly forging their own trade alliances, investing in regional self-sufficiency, and moving away from reliance on U.S.-dominated systems like the dollar-based financial architecture.

The unintended result? The U.S. risks isolating itself in a multipolar world. Much like the Roman Empire found itself checked by Parthian resistance, the U.S. could face a world where its economic leverage is no longer unquestioned. Tariffs might win temporary concessions but lose the longer war of global influence.

When Economic Warfare Backfires

Military historians often point to a failure to adapt as the root cause of strategic disasters. In economic terms, adaptation means recognizing the limits of unilateral action in a globalized world. While the administration’s tariffs may play well to domestic audiences—just as Crassus’ ambition did among the Roman elite—the global repercussions could be severe.

Already, we’re seeing fractures: foreign investment pulling away, key allies distancing themselves, and strategic rivals forming new coalitions. As with the Roman-Parthian conflict, a misstep now may not seem fatal—but it could catalyze a power shift that becomes irreversible.

The Rise of Alternative Power Centers

Historically, economic pressure campaigns have often led to innovation and resistance rather than submission. When the British Empire imposed tariffs and restrictive trade policies on the American colonies, the result was not compliance, but revolution. Likewise, today’s U.S. tariffs may incentivize the very independence and resilience among rival economies that they seek to suppress.

China, for example, has responded to tariffs not just with reciprocal measures but with strategic investments in Africa, Southeast Asia, and Latin America. Its Belt and Road Initiative is quietly redrawing global trade routes, offering infrastructure and financing in exchange for long-term influence. By contrast, the U.S.’s transactional and punitive approach to trade may be reducing its appeal as a partner.

Moreover, countries targeted by U.S. tariffs are increasingly engaging in “de-dollarization,” shifting reserves to euros, yuan, or gold, and conducting trade in non-dollar currencies. This weakens the U.S. dollar’s global hegemony, long a cornerstone of American power. If that pillar falls, the repercussions could be enormous—raising borrowing costs, undermining fiscal flexibility, and eroding confidence in U.S. leadership.

Lessons from Napoleon and the Continental System

The perils of economic overreach are not unique to the U.S. or Rome. Napoleon Bonaparte’s Continental System, aimed at crippling Britain by banning European trade with it, is another stark example. Rather than bringing Britain to its knees, it backfired spectacularly, harming France and its allies while boosting British trade with other global partners. It also provoked resistance from within Napoleon’s empire, contributing to its eventual unraveling.

The U.S. may now be embarking on its own version of a Continental System. Efforts to economically isolate China—through sanctions, tech bans, and tariff walls—risk creating a bifurcated global economy. But in doing so, the U.S. could be sealing itself off from markets, innovations, and influence that are shifting eastward.

Domestic Politics and Short-Term Thinking

One key reason economic strategies go awry is the short-termism driven by domestic politics. Leaders prioritize popular moves that yield immediate gains, even if they incur long-term costs. Crassus sought glory; Napoleon pursued dominance; today, leaders may be seeking electoral wins or media headlines.

Tariffs appeal to a certain political base, often associated with nationalist or populist movements. They create the image of a strong, assertive leader defending national interests against foreign exploitation. But while they may boost approval ratings temporarily, they often mask deeper economic vulnerabilities. Industries protected by tariffs may become less competitive, consumers face higher prices, and the innovation that comes from global competition may stall.

The Ripple Effects: Allies, Rivals, and the Global Commons

Perhaps the most underappreciated aspect of the current tariff strategy is how it affects U.S. allies. The assumption that friendly nations will remain loyal regardless of economic strain may be dangerously optimistic. Tariffs have been levied not just against rivals but also against longstanding partners like Canada, the EU, and South Korea. These actions chip away at diplomatic goodwill and create space for competitors like China to step in with more cooperative offers.

Furthermore, the weaponization of trade sets a precedent. If the U.S. can impose tariffs and sanctions for strategic reasons, so can others. This leads to a world where economic interdependence—once a force for peace and prosperity—becomes a source of suspicion and volatility. The global commons of trade, finance, and communication, painstakingly built over decades, could fracture into warring economic blocs.

The implications extend beyond commerce. Shared challenges like climate change, pandemics, and cybersecurity require collective action. An increasingly divided economic world undermines the possibility of unified responses. If each country retreats into its own economic fortress, the global community may find itself ill-equipped to face the transnational threats of the 21st century.

Strategic Patience vs. Tactical Aggression

The choice facing the United States is not between tariffs or surrender. It is between tactical aggression and strategic patience. Tactical aggression offers immediate gratification: the image of toughness, the appearance of winning. Strategic patience demands investment in long-term capability, trust-building with allies, and tolerance for short-term discomfort in exchange for future security.

Countries that have succeeded in shaping global systems have historically chosen the latter path. The post-World War II U.S. helped build institutions like the IMF, World Bank, and WTO not just out of altruism but to ensure a stable environment for its own prosperity. That model worked—arguably too well, as it enabled the rise of competitors. But tearing down the system that sustained U.S. leadership may be more self-defeating than adjusting it to new realities.

Strategic patience also means crafting trade policies that align with national values—protecting labor rights, environmental standards, and technological sovereignty—without resorting to blunt instruments. Tariffs can be part of that toolkit, but they must be wielded with precision, transparency, and foresight.

Innovation, Not Isolation

In a knowledge-based global economy, innovation is the ultimate currency of power. Tariffs may protect legacy industries, but they do little to foster the next generation of breakthroughs. In fact, they often hinder innovation by increasing input costs, disrupting supply chains, and discouraging collaboration.

To maintain global leadership, the U.S. must invest in education, research, and infrastructure. It must attract talent from around the world and create ecosystems where ideas can flourish. Isolationist policies undercut these goals. The more the U.S. turns inward, the less attractive it becomes as a destination for investment, talent, and creativity.

Tech ecosystems are already becoming more fragmented. China is building its own chips, cloud services, and social platforms. The EU is developing digital sovereignty strategies. The risk is not just economic decoupling, but intellectual and technological divergence that reduces shared standards and mutual benefit.

From Carrhae to Currency Wars

The parallels between Crassus’ doomed campaign and today’s trade tensions are not perfect, but they are instructive. Both reflect moments where ambition overtook prudence, and where the assumption of superiority led to vulnerability. Just as Carrhae signaled a shift in Roman fortunes, today’s tariff wars could mark the beginning of a new global order—one in which American dominance is no longer assured.

But unlike Crassus, today’s leaders have the benefit of hindsight. They can study history, learn from its missteps, and course-correct before irreversible damage is done. The question is not whether the U.S. has the power to lead, but whether it has the wisdom to wield that power wisely.

The world is watching. The path chosen now may determine not just the next trade cycle, but the very contours of global power in the decades to come. If history has shown anything, it is that the price of overreach is often paid not in battles lost, but in influence squandered. The challenge before the United States is not merely to defend its markets, but to secure its legacy.

African America’s March 2025 Jobs Report – 6.2%

OVERALL UNEMPLOYMENT: 4.2%

AFRICAN AMERICA: 6.2%

LATINO AMERICA: 5.1%

EUROPEAN AMERICA: 3.7%

ASIAN AMERICA: 3.5%

Analysis: European Americans unemployment rate slips lower to 3.7 percent. Asian Americans increased 30 basis points and Latino Americans decreased 10 basis points from February, respectively. African Americans unemployment rate increased 20 basis points from February.

AFRICAN AMERICAN UNEMPLOYMENT RATE BY GENDER & AGE

AFRICAN AMERICAN MEN: 6.1%

AFRICAN AMERICAN WOMEN: 5.1% 

AFRICAN AMERICAN TEENAGERS: 20.8%

AFRICAN AMERICAN PARTICIPATION BY GENDER & AGE

AFRICAN AMERICAN MEN: 69.3%

AFRICAN AMERICAN WOMEN: 60.9%

AFRICAN AMERICAN TEENAGERS: 30.9%

Analysis: African American Men saw a increase in their unemployment rate by 60 basis points and African American Women after three months of unchanged unemployment rate saw a increase by 30 basis points in March, respectively. African American Men increased their participation rate in March by 100 basis points, their five month high. African American Women decreased their participation rate in March by 180 basis points, their lowest participation rate in the past five months. African American Teenagers unemployment rate increased by 160 basis points. African American Teenagers saw their participation rate increase by 30 basis points in March, their highest participation rate in the past five months for the second straight month.

African American Men-Women Job Gap: African American Women currently have 430,000 more jobs than African American Men in March. This is a decrease from 793,000 in February. This is the lowest ever reported gap by HBCU Money since we began tracking the data.

CONCLUSION: The overall economy added 228,000 jobs in March while African America lost 176,000 jobs. This was led by African American Women losing 266,000 jobs in March dropping their employed to the lowest number in the past five months. From Reuters, “The U.S. economy added far more jobs than expected in March, but President Donald Trump’s sweeping import tariffs could undermine the labor market’s resilience in the months ahead amid sagging business confidence and a stock market selloff.”

Source: Bureau of Labor Statistics

HBCU Money’s 2024 African American Owned Bank Directory

All banks are listed by state. 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.

KEY FINDINGS:

  • 14 of the 18 African American Owned Banks saw increases in assets from 2023.
  • African American Owned Banks (AAOBs) are in 16 states and territories. Key states absent are Maryland, Missouri, New York, and Virginia.
  • Adelphi Bank (OH) is the most recent African American Owned Bank started in 2023. Prior to that no African American owned bank had been started in 23 years.
  • Alabama and Georgia each have two AAOBs.
  • African American Owned Banks have approximately $6.4 billion of America’s $23.6 trillion bank assets (see below) or 0.027 percent. The apex of African American owned bank assets was in 1926 when AAOBs held 0.2 percent of America’s bank assets or 10 times the percentage they hold today.
  • African American Owned Banks comprise 12 percent of Minority-Owned Banks (151), but only control 1.75 percent of FDIC designated Minority-Owned Bank Assets.
  • 2024 Median AAOBs Assets: $191,590,000 ($168,701,000)
  • 2024 Average AAOBs Assets: $355,448,000 ($326,097,000)
  • TOTAL AFRICAN AMERICAN OWNED BANK ASSETS 2024: $6,398,070,000 ($5,867,738,000)

ALABAMA

ALAMERICA BANK

Location: Birmingham, Alabama

Founded: January 28, 2000

FDIC Region: Atlanta

Assets: $17,741,000

Asset Change (2023): UP 2.7%

COMMONWEALTH NATIONAL BANK

Location: Mobile, Alabama

Founded: February 19, 1976

FDIC Region: Atlanta

Assets: $66,375,000

Asset Change (2023): DOWN 0.8%

DISTRICT OF COLUMBIA

INDUSTRIAL BANK

Location: Washington, DC

Founded: August 18, 1934

FDIC Region: New York

Assets: $755,175,000

Asset Change (2023): UP 2.2%

GEORGIA

CARVER STATE BANK

Location: Savannah, Georgia

Founded: January 1, 1927

FDIC Region: Atlanta

Assets: $106,700,000

Asset Change (2023): UP 30.3%

CITIZENS TRUST BANK

Location: Atlanta, Georgia

Founded: June 18, 1921

FDIC Region: Atlanta

Assets: $793,469,000

Asset Change (2023): UP 7.0%

ILLINOIS

GN BANK

Location: Chicago, Illinois

Founded: January 01, 1934

FDIC Region: Chicago

Assets: $64,685,000

Asset Change (2023): UP 1.2%

LOUISIANA

LIBERTY BANK & TRUST COMPANY

Location: New Orleans, Louisiana

Founded: November 16, 1972

FDIC Region: Dallas

Assets: $1,076,349,000

Asset Change (2023): UP 2.6%

MASSACHUSETTS

ONEUNITED BANK

Location: Boston, Massachusetts

Founded: August 02, 1982

FDIC Region: New York

Assets: $756,367,000

Asset Change (2023): UP 0.1%

MICHIGAN

FIRST INDEPENDENCE BANK

Location: Detroit, Michigan

Founded: May 14, 1970

FDIC Region: Chicago

Assets: $644,122,000

Asset Change (2023): UP 6.1%

MISSISSIPPI

GRAND BANK FOR SAVINGS, FSB

Location: Hattiesburg, Mississippi

Founded: January 1, 1968

FDIC Region: Dallas

Assets: $252,934,000

Asset Change (2023): UP 57.0%

NORTH CAROLINA

MECHANICS & FARMERS BANK

Location: Durham, North Carolina

Founded: March 01, 1908

FDIC Region: Atlanta

Assets: $498,118,000

Asset Change (2023): UP 15.9% 

OHIO

ADELPHI BANK

Location: Columbus, Ohio

Founded: January 18, 2023

FDIC Region: Chicago

Assets: $68,154,000

Asset Change (2023): UP 55.1%

OKLAHOMA

FIRST SECURITY BANK & TRUST

Location: Oklahoma City, Oklahoma

Founded: April 06, 1951

FDIC Region: Dallas

Assets: $174,740,000

Asset Change (2023): UP 46.4%

PENNSYLVANIA

UNITED BANK OF PHILADELPHIA

Location: Philadelphia, Pennsylvania

Founded: March 23, 1992

FDIC Region: New York

Assets: $53,275,000

Asset Change (2023): DOWN 4.4%

SOUTH CAROLINA

OPTUS BANK

Location: Columbia, South Carolina

Founded: March 26, 1999

FDIC Region: Atlanta

Assets: $662,589,000

Asset Change (2023): UP 26.2%

TENNESSEE

CITIZENS SAVINGS B&T COMPANY

Location: Nashville, Tennessee

Founded: January 4, 1904

FDIC Region: Dallas

Assets: $181,740,000

Asset Change (2023): UP 3.1%

TEXAS

UNITY NB OF HOUSTON

Location: Houston, Texas

Founded: August 01, 1985

FDIC Region: Dallas

Assets: $201,440,000

Asset Change (2023): DOWN 3.6%

WISCONSIN

COLUMBIA SAVINGS & LOAN ASSOCIATION 

Location: Milwaukee, Wisconsin

Founded: January 1, 1924

FDIC Region: Chicago

Assets: $24,097,000

Asset Change (2023): DOWN 12.0%

SOURCE: FDIC