For the most current African American Owned Bank Directory visit the 2022 link by clicking here.
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.
OTHER KEY FINDINGS:
- AAOBs are in 16 states and territories. Key states absent are Florida, Mississippi, New York, Ohio, and Virginia.
- There has not been an AAOB started in 19 years.
- Alabama, Georgia, and Tennessee, each have two AAOBs.
- 14 of the AAOBs saw increases in assets from the previous year.
- African American Owned Banks have approximately $4.3 billion of America’s $19.5 trillion bank assets or 0.02 percent.
- AAOBs control 1.7 percent of FDIC designated Minority-Owned Bank Assets, which is down from 1.8 percent in 2019. A third straight year of declines.
- 2020 Median AAOBs Aseets: $106,140,000 ($142,129,000)*
- 2020 Average AAOBs Assets: $225,519,000 ($217,533,000)*
- For comparison, Asian American Owned Banks have approximately $129.3 billion in assets spread over 73 institutions. Asian AOBs saw an increase of $9.9 billion increase (8.3 percent) in assets from 2019, while African American Owned Banks saw a 5.2 percent increase in assets.
- TOTAL AFRICAN AMERICAN OWNED BANK ASSETS: $4,284,856,000
ALABAMA
Location: Birmingham, Alabama
Founded: January 28, 2000
FDIC Region: Atlanta
Assets: $19,584,000
Asset Change (2019): DOWN 27.8%
Location: Mobile, Alabama
Founded: February 19, 1976
FDIC Region: Atlanta
Assets: $49,791,000
Asset Change (2019): UP 6.5%
CALIFORNIA
Location: Los Angeles, California
Founded: February 26, 1947
FDIC Region: San Francisco
Assets: $438,033,000
Asset Change (2019): UP 5.0%
DISTRICT OF COLUMBIA
Location: Washington, DC
Founded: August 18, 1934
FDIC Region: New York
Assets: $530,840,000
Asset Change (2019): UP 26.1%
GEORGIA
Location: Savannah, Georgia
Founded: January 1, 1927
FDIC Region: Atlanta
Assets: $42,345,000
Asset Change (2019): UP 6.7%
Location: Atlanta, Georgia
Founded: June 18, 1921
FDIC Region: Atlanta
Assets: $418,130,000
Asset Change (2019): UP 5.6%
ILLINOIS
Location: Chicago, Illinois
Founded: January 01, 1934
FDIC Region: Chicago
Assets: $137,351,000
Asset Change (2019): DOWN 3.4%
LOUISIANA
Location: New Orleans, Louisiana
Founded: November 16, 1972
FDIC Region: Dallas
Assets: $627,856,000
Asset Change (2019): UP 5.2%
MARYLAND
Location: Baltimore, Maryland
Founded: September 13, 1982
FDIC Region: New York
Assets: $311,321,000
Asset Change (2019): UP 9.6%
MASSACHUSETTS
Location: Boston, Massachusetts
Founded: August 02, 1982
FDIC Region: New York
Assets: $654,051,000
Asset Change (2019): UP 0.8%
MICHIGAN
Location: Detroit, Michigan
Founded: May 14, 1970
FDIC Region: Chicago
Assets: $295,951,000
Asset Change (2019): UP 15.8%
NORTH CAROLINA
Location: Durham, North Carolina
Founded: March 01, 1908
FDIC Region: Atlanta
Assets: $265,273,000
Asset Change (2019): UP 1.2%
OKLAHOMA
Location: Oklahoma City, Oklahoma
Founded:
FDIC Region: Dallas
Assets: $55,713
Asset Change (2019): N/A
PENNSYLVANIA
Location: Philadelphia, Pennsylvania
Founded: March 23, 1992
FDIC Region: New York
Assets: $49,442,000
Asset Change (2019): DOWN 8.5%
SOUTH CAROLINA
OPTUS BANK (FORMERLY SOUTH CAROLINA COMMUNITY)
Location: Columbia, South Carolina
Founded: March 26, 1999
FDIC Region: Atlanta
Assets: $78,131,000
Asset Change (2019): UP 30.7%
TENNESSEE
Location: Nashville, Tennessee
Founded: January 4, 1904
FDIC Region: Dallas
Assets: $97,321,000
Asset Change (2019): DOWN 7.2%
Location: Memphis, Tennessee
Founded: December 16, 1946
FDIC Region: Dallas
Assets: $85,617,000
Asset Change (2019): UP 2.9%
TEXAS
Location: Houston, Texas
Founded: August 01, 1985
FDIC Region: Dallas
Assets: $106,140,000
Asset Change (2019): UP 6.8%
WISCONSIN
COLUMBIA SAVINGS & LOAN ASSOCIATION
Location: Milwaukee, Wisconsin
Founded: January 1, 1924
FDIC Region: Chicago
Assets: $23,586,000
Asset Change (2018): Down 1.6%
HBCU Money 