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:
- 11 of the 17 African American Owned Banks saw increases in assets from 2022.
- 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 first African American Owned Bank (AAOB) started in 23 years.
- Alabama and Georgia each have two AAOBs.
- African American Owned Banks have approximately $5.8 billion of America’s $23.2 trillion bank assets (see above) or 0.02 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 control 1.7 percent of FDIC designated Minority-Owned Bank Assets.
- 2023 Median AAOBs Assets: $168,701,000 ($150,072,000)
- 2023 Average AAOBs Assets: $326,097,000 ($325,391,000)
- TOTAL AFRICAN AMERICAN OWNED BANK ASSETS 2023: $5,867,738,000 ($5,531,655,000)
ALABAMA
Location: Birmingham, Alabama
Founded: January 28, 2000
FDIC Region: Atlanta
Assets: $17,282,000
Asset Change (2022): UP 9.5%
Location: Mobile, Alabama
Founded: February 19, 1976
FDIC Region: Atlanta
Assets: $66,944,000
Asset Change (2022): UP 9.2%
DISTRICT OF COLUMBIA
Location: Washington, DC
Founded: August 18, 1934
FDIC Region: New York
Assets: $739,181,000
Asset Change (2022): UP 2.2%
GEORGIA
Location: Savannah, Georgia
Founded: January 1, 1927
FDIC Region: Atlanta
Assets: $81,906,000
Asset Change (2022): DOWN 2.5%
Location: Atlanta, Georgia
Founded: June 18, 1921
FDIC Region: Atlanta
Assets: $741,413,000
Asset Change (2022): DOWN 8.1%
ILLINOIS
Location: Chicago, Illinois
Founded: January 01, 1934
FDIC Region: Chicago
Assets: $63,898,000
Asset Change (2022): DOWN 11.1%
LOUISIANA
Location: New Orleans, Louisiana
Founded: November 16, 1972
FDIC Region: Dallas
Assets: $1,048,899,000
Asset Change (2022): DOWN 3.4%
MASSACHUSETTS
Location: Boston, Massachusetts
Founded: August 02, 1982
FDIC Region: New York
Assets: $755,706,000
Asset Change (2022): UP 1.6%
MICHIGAN
Location: Detroit, Michigan
Founded: May 14, 1970
FDIC Region: Chicago
Assets: $607,167,000
Asset Change (2022): UP 29.6%
MISSISSIPPI
Location: Hattiesburg, Mississippi
Founded: January 1, 1968
FDIC Region: Dallas
Assets: $161,125,000
Asset Change (2022): UP 38.9%
NORTH CAROLINA
Location: Durham, North Carolina
Founded: March 01, 1908
FDIC Region: Atlanta
Assets: $429,605,000
Asset Change (2022): UNCHANGED
OHIO
Location: Columbus, Ohio
Founded: January 18, 2023
FDIC Region: Chicago
Assets: $43,945,000
Asset Change (2022): N/A
OKLAHOMA
Location: Oklahoma City, Oklahoma
Founded: April 06, 1951
FDIC Region: Dallas
Assets: $119,349,000
Asset Change (2022): UP 50.9%
PENNSYLVANIA
Location: Philadelphia, Pennsylvania
Founded: March 23, 1992
FDIC Region: New York
Assets: $55,719,000
Asset Change (2022): DOWN 6.2%
SOUTH CAROLINA
Location: Columbia, South Carolina
Founded: March 26, 1999
FDIC Region: Atlanta
Assets: $524,934,000
Asset Change (2022): UP 29.5%
TENNESSEE
Location: Nashville, Tennessee
Founded: January 4, 1904
FDIC Region: Dallas
Assets: $176,277,000
Asset Change (2022): UP 17.5%
TEXAS
Location: Houston, Texas
Founded: August 01, 1985
FDIC Region: Dallas
Assets: $209,014,000
Asset Change (2022): UP 1.3%
WISCONSIN
COLUMBIA SAVINGS & LOAN ASSOCIATION
Location: Milwaukee, Wisconsin
Founded: January 1, 1924
FDIC Region: Chicago
Assets: $27,374,000
Asset Change (2022): UP 11.6%
SOURCE: FDIC
HBCU Money 