Tag Archives: unity nb of houston

HBCU Money’s 2021 African American Owned Bank Directory

Posted on September 3, 2022 by | 8 comments

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:

  • African American Owned Banks (AAOBs) are in 14 states and territories. Key states absent are Maryland, Mississippi, New York, Ohio, and Virginia.
  • There has not been an African American Owned Bank (AAOB) started in 22 years.
  • Alabama and Georgia each have two AAOBs.
  • 14 of the 16 African American Owned Banks saw increases in assets from the previous directory.
  • African American Owned Banks have approximately $4.8 billion of America’s $22.8 trillion bank assets or 0.02 percent.
  • African American Owned Banks control 1.5 percent of FDIC designated Minority-Owned Bank Assets, which is down from 1.7 percent in 2020. A fourth straight year of declines.
  • 2021 Median AAOBs Assets: $192,932,000 ($106,140,000)
  • 2021 Average AAOBs Assets: $302,218,000 ($225,519,000)
  • For comparison, Asian American Owned Banks have approximately $66.7 billion in assets spread over 61 institutions. Asian American Owned Banks saw a decrease of $62.6 billion increase (48.4 percent) since 2020.
  • TOTAL AFRICAN AMERICAN OWNED BANK ASSETS: $4,835,494,000

ALABAMA

ALAMERICA BANK

Location: Birmingham, Alabama

Founded: January 28, 2000

FDIC Region: Atlanta

Assets: $15,330,000

Asset Change (2020): DOWN 21.7%

COMMONWEALTH NATIONAL BANK

Location: Mobile, Alabama

Founded: February 19, 1976

FDIC Region: Atlanta

Assets: $57,066,000

Asset Change (2020): UP 14.6%

DISTRICT OF COLUMBIA

INDUSTRIAL BANK

Location: Washington, DC

Founded: August 18, 1934

FDIC Region: New York

Assets: $621,400,000

Asset Change (2020): UP 17.1%

GEORGIA

CARVER STATE BANK

Location: Savannah, Georgia

Founded: January 1, 1927

FDIC Region: Atlanta

Assets: $63,974,000

Asset Change (2020): UP 51.1%

CITIZENS TRUST BANK

Location: Atlanta, Georgia

Founded: June 18, 1921

FDIC Region: Atlanta

Assets: $680,998,000

Asset Change (2020): UP 62.9%

ILLINOIS

GN BANK

Location: Chicago, Illinois

Founded: January 01, 1934

FDIC Region: Chicago

Assets: $79,793,000

Asset Change (2020): DOWN 42.0%

LOUISIANA

LIBERTY BANK & TRUST COMPANY

Location: New Orleans, Louisiana

Founded: November 16, 1972

FDIC Region: Dallas

Assets: $1,014,251,000

Asset Change (2020): UP 61.5%

MASSACHUSETTS

ONEUNITED BANK

Location: Boston, Massachusetts

Founded: August 02, 1982

FDIC Region: New York

Assets: $657,516,000

Asset Change (2020): UP 0.5%

MICHIGAN

FIRST INDEPENDENCE BANK

Location: Detroit, Michigan

Founded: May 14, 1970

FDIC Region: Chicago

Assets: $396,316,000

Asset Change (2020): UP 33.9%

NORTH CAROLINA

MECHANICS & FARMERS BANK

Location: Durham, North Carolina

Founded: March 01, 1908

FDIC Region: Atlanta

Assets: $370,124,000

Asset Change (2020): UP 39.5%

OKLAHOMA

FIRST SECURITY BANK & TRUST

Location: Oklahoma City, Oklahoma

Founded: April 06, 1951

FDIC Region: Dallas

Assets: $59,791

Asset Change (2020): UP 8.4%

PENNSYLVANIA

UNITED BANK OF PHILADELPHIA

Location: Philadelphia, Pennsylvania

Founded: March 23, 1992

FDIC Region: New York

Assets: $67,850,000

Asset Change (2020): UP 37.2%

SOUTH CAROLINA

OPTUS BANK

Location: Columbia, South Carolina

Founded: March 26, 1999

FDIC Region: Atlanta

Assets: $338,615,000

Asset Change (2020): UP 333.4%

TENNESSEE

CITIZENS SAVINGS B&T COMPANY

Location: Nashville, Tennessee

Founded: January 4, 1904

FDIC Region: Dallas

Assets: $134,402,000

Asset Change (2020): UP 38.1%

TEXAS

UNITY NB OF HOUSTON

Location: Houston, Texas

Founded: August 01, 1985

FDIC Region: Dallas

Assets: $251,462,000

Asset Change (2020): UP 136.9%

WISCONSIN

COLUMBIA SAVINGS & LOAN ASSOCIATION 

Location: Milwaukee, Wisconsin

Founded: January 1, 1924

FDIC Region: Chicago

Assets: $26,607,000

Asset Change (2020): UP 12.8%

SOURCE: FDIC

8 Comments

Posted in Banking & Credit Unions

Tagged , , , , , , , , , , , , , ,

HBCU Money’s 2018 African American Owned Bank Directory

Posted on April 18, 2018 by | 8 comments

For the most current African American Owned Bank Directory visit the 2022 link by clicking here.

(Founders of Merchants & Farmers Bank in Durham, North Carolina)

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:

  • Key losses were the sale of First State Bank in Danville, Virginia.
  • AAOBs are in 16 states and territories. Key states absent are Florida, Mississippi, New York, Ohio, and Virginia.
  • Alabama, Georgia, and Tennessee, each have two AAOBs.
  • 2017 Median AAOBs Aseets: $133 096 000 ($109 858 000)*
  • 2017 Average AAOBs Assets: $222 831 000 ($218 346 000)*
  • Of the surviving African American bank assets saw a 2.1 percent increase or net gain of approximately $85.2 million in assets in 2017.
  • AAOBs control 0.03 percent of America’s $15.4 trillion Bank Owned Assets.
  • AAOBs control 1.9 percent of FDIC designated Minority-Owned Bank Assets, which is down from 2 percent in 2017.
  • There has not been an AAOB started in 17 years.
  • 11 of 2016’s 19 AAOBs saw increases in assets.
  • For comparison, Asian American Owned Banks have approximately $112.4 billion in assets spread over 76 institutions. An almost 300 percent increase over the past two years.

There are 19 African American owned banks (AAOBs) with assets totaling approximately $4.2 billion in assets or approximately 0.38 percent of African America’s $1.1 trillion in buying power. An unchanged percentage from 2017.

ALABAMA

ALAMERICA BANK

Location: Birmingham, Alabama

Founded: January 28, 2000

FDIC Region: Atlanta

Assets: $35 328 000

Asset Change (2017): Down 2.6%

COMMONWEALTH NATIONAL BANK

Location: Mobile, Alabama

Founded: February 19, 1976

FDIC Region: Atlanta

Assets: $49 485 000

Asset Change (2017): Down 11.4%

CALIFORNIA

BROADWAY FEDERAL BANK FSB

Location: Los Angeles, California

Founded: February 26, 1947

FDIC Region: San Francisco

Assets: $411 638 000

Asset Change (2017): Down 0.4%

DISTRICT OF COLUMBIA

INDUSTRIAL BANK

Location: Washington, DC

Founded: August 18, 1934

FDIC Region: New York

Assets: $423 202 000

Asset Change (2017): Up 8.9%

GEORGIA

CARVER STATE BANK

Location: Savannah, Georgia

Founded: January 1, 1927

FDIC Region: Atlanta

Assets: $42 077 000

Asset Change (2017): Up 5.9%

CITIZENS TRUST BANK

Location: Atlanta, Georgia

Founded: June 18, 1921

FDIC Region: Atlanta

Assets: $428 579 000

Asset Change (2017): Up 5.6%

ILLINOIS

ILLINOIS SERVICE FEDERAL SAVINGS & LOAN

Location: Chicago, Illinois

Founded: January 01, 1934

FDIC Region: Chicago

Assets: $133 096 000

Asset Change (2017): Up 26.3%

LOUISIANA

LIBERTY BANK & TRUST COMPANY

Location: New Orleans, Louisiana

Founded: November 16, 1972

FDIC Region: Dallas

Assets: $605 490 000

Asset Change (2017): Down 1.0%

MARYLAND

HARBOR BANK OF MARYLAND

Location: Baltimore, Maryland

Founded: September 13, 1982

FDIC Region: New York

Assets: $266 208 000

Asset Change (2017): Up 7.2%

MASSACHUSETTS

ONEUNITED BANK

Location: Boston, Massachusetts

Founded: August 02, 1982

FDIC Region: New York

Assets: $658 014 000

Asset Change (2017): Up 1.8%

MICHIGAN

FIRST INDEPENDENCE BANK

Location: Detroit, Michigan

Founded: May 14, 1970

FDIC Region: Chicago

Assets: $286 561 000

Asset Change (2017): Up 21.4%

NEW JERSEY

CITY NB OF NEW JERSEY

Location: Newark, New Jersey

Founded: June 11, 1973

FDIC Region: New York

Assets: $213 858 000

Asset Change (2017): Down 4.1%

NORTH CAROLINA

MECHANICS & FARMERS BANK

Location: Durham, North Carolina

Founded: March 01, 1908

FDIC Region: Atlanta

Assets: $254 776 000

Asset Change (2017): Down 17.6%

PENNSYLVANIA

UNITED BANK OF PHILADELPHIA

Location: Philadelphia, Pennsylvania

Founded: March 23, 1992

FDIC Region: New York

Assets: $59 009 000

Asset Change (2017): Up 5.4%

SOUTH CAROLINA

SOUTH CAROLINA COMMUNITY BANK

Location: Columbia, South Carolina

Founded: March 26, 1999

FDIC Region: Atlanta

Assets: $52 586 000

Asset Change (2017): Up 2.5%

TENNESSEE

CITIZENS SAVINGS B&T COMPANY

Location: Nashville, Tennessee

Founded: January 4, 1904

FDIC Region: Dallas

Assets: $107 165 000

Asset Change (2017): Down 2.5%

TRI-STATE BANK OF MEMPHIS

Location: Memphis, Tennessee

Founded: December 16, 1946

FDIC Region: Dallas

Assets: $86 651 000

Asset Change (2017): Down 15.4%

TEXAS

UNITY NB OF HOUSTON

Location: Houston, Texas

Founded: August 01, 1985

FDIC Region: Dallas

Assets: $96 010 000

Asset Change (2017): Up 14.0%

WISCONSIN

COLUMBIA SAVINGS & LOAN ASSOCIATION 

Location: Milwaukee, Wisconsin

Founded: January 1, 1924

FDIC Region: Chicago

Assets: $23 973 000

Asset Change (2017): Down 1.8%

8 Comments

Posted in Lists

Tagged , , , , , , , , , , , , , , , , , , , , ,

HBCU Money’s 2017 African American Owned Bank Directory

Posted on March 13, 2017 by | 10 comments

For the most current African American Owned Bank Directory visit the 2022 link by clicking here.

(Founders of Merchants & Farmers Bank in Durham, North Carolina)

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:

  • Key losses were the closure of North Milwaukee State Bank and Seaway Bank & Trust.
  • AAOBs are in 17 states and territories. Key states absent are Florida, Mississippi, New York, and Ohio.
  • Alabama, Georgia, and Tennessee, each have two AAOBs.
  • 2016 Median AAOBs Aseets: $107 631 000 ($107 551 000)*
  • 2016 Average AAOBs Assets: $209 073 000 ($210 297 000)*
  • African American bank assets saw a 9.6 percent decrease or net loss of approximately $445.1 million in assets in 2016, primarily from the closure of the two aforementioned banks.
  • AAOBs control 0.03 percent of America’s $15.7 trillion Bank Owned Assets.
  • AAOBs control 2 percent of FDIC designated Minority-Owned Bank Assets, which is down from 2.3 percent in 2016.
  • There has not been an AAOB started in 16 years.
  • Only 8 of 2016’s 20 AAOBs saw increases in assets.
  • For comparison, Asian American Owned Banks have approximately $46.1 billion in assets spread over 68 institutions. They control 6.0 percent of Asian America’s buying power.

There are 20 African American owned banks (AAOBs) with assets totaling approximately $4.2 billion in assets or approximately 0.38 percent of African America’s $1.1 trillion in buying power. A 12 percent decrease from 2016.

ALABAMA

ALAMERICA BANK

Location: Birmingham, Alabama

Founded: January 28, 2000

FDIC Region: Atlanta

Assets: $36 266 000

Asset Change (2016): Up 2.2%

COMMONWEALTH NATIONAL BANK

Location: Mobile, Alabama

Founded: February 19, 1976

FDIC Region: Atlanta

Assets: $55 863 000

Asset Change (2016): Down 1.1%

CALIFORNIA

BROADWAY FEDERAL BANK FSB

Location: Los Angeles, California

Founded: February 26, 1947

FDIC Region: San Francisco

Assets: $413 295 000

Asset Change (2016): Up 2.6%

DISTRICT OF COLUMBIA

INDUSTRIAL BANK

Location: Washington, DC

Founded: August 18, 1934

FDIC Region: New York

Assets: $388 526 000

Asset Change (2016): Down 0.1%

GEORGIA

CARVER STATE BANK

Location: Savannah, Georgia

Founded: January 1, 1927

FDIC Region: Atlanta

Assets: $39 739 000

Asset Change (2016): Down 5.8%

CITIZENS TRUST BANK

Location: Atlanta, Georgia

Founded: June 18, 1921

FDIC Region: Atlanta

Assets: $405 911 000

Asset Change (2016): Up 4.6%

ILLINOIS

ILLINOIS SERVICE FEDERAL SAVINGS & LOAN

Location: Chicago, Illinois

Founded: January 01, 1934

FDIC Region: Chicago

Assets: $105 403 000

Asset Change (2016): Up 4.1%

LOUISIANA

LIBERTY BANK & TRUST COMPANY

Location: New Orleans, Louisiana

Founded: November 16, 1972

FDIC Region: Dallas

Assets: $611 640 000

Asset Change (2016): Up 1.2%

MARYLAND

HARBOR BANK OF MARYLAND

Location: Baltimore, Maryland

Founded: September 13, 1982

FDIC Region: New York

Assets: $248 503 000

Asset Change (2016): Down 12.9%

MASSACHUSETTS

ONEUNITED BANK

Location: Boston, Massachusetts

Founded: August 02, 1982

FDIC Region: New York

Assets: $646 088 000

Asset Change (2016): Down 0.4%

MICHIGAN

FIRST INDEPENDENCE BANK

Location: Detroit, Michigan

Founded: May 14, 1970

FDIC Region: Chicago

Assets: $236 098 000

Asset Change (2016): Up 8.9%

NEW JERSEY

CITY NB OF NEW JERSEY

Location: Newark, New Jersey

Founded: June 11, 1973

FDIC Region: New York

Assets: $223 040 000

Asset Change (2016): Down 10.8%

NORTH CAROLINA

MECHANICS & FARMERS BANK

Location: Durham, North Carolina

Founded: March 01, 1908

FDIC Region: Atlanta

Assets: $309 977 000

Asset Change (2016): Up 4.0%

PENNSYLVANIA

UNITED BANK OF PHILADELPHIA

Location: Philadelphia, Pennsylvania

Founded: March 23, 1992

FDIC Region: New York

Assets: $55 969 000

Asset Change (2016): Down 5.1%

SOUTH CAROLINA

SOUTH CAROLINA COMMUNITY BANK

Location: Columbia, South Carolina

Founded: March 26, 1999

FDIC Region: Atlanta

Assets: $51 323 000

Asset Change (2016): Down 3.2%

TENNESSEE

CITIZENS SAVINGS B&T COMPANY

Location: Nashville, Tennessee

Founded: January 4, 1904

FDIC Region: Dallas

Assets: $109 858 000

Asset Change (2016): Up 5.6%

TRI-STATE BANK OF MEMPHIS

Location: Memphis, Tennessee

Founded: December 16, 1946

FDIC Region: Dallas

Assets: $102 444 000

Asset Change (2016): Down 7.7%

TEXAS

UNITY NB OF HOUSTON

Location: Houston, Texas

Founded: August 01, 1985

FDIC Region: Dallas

Assets: $84 206 000

Asset Change (2016): Up 1.1%

VIRGINIA

FIRST STATE BANK

Location: Danville, Virginia

Founded: September 08, 1919

FDIC Region: Atlanta

Assets: $32 884 000

Asset Change (2016): Down 12.6%

WISCONSIN

COLUMBIA SAVINGS & LOAN ASSOCIATION 

Location: Milwaukee, Wisconsin

Founded: January 1, 1924

FDIC Region: Chicago

Assets: $24 424 000

Asset Change (2016): Up 3.1%

10 Comments

Posted in Lists

Tagged , , , , , , , , , , , , , , , , , , , , ,

HBCU Money’s 2016 African American Owned Bank Directory

Posted on March 8, 2016 by | 28 comments

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.

bank_men

(Founders of Merchants & Farmers Bank in Durham, North Carolina)

OTHER KEY FINDINGS:

  • AAOBs are in 17 states and territories. Key states absent are Florida, Mississippi, New York, and Ohio.
  • Alabama, Georgia, Illinois, Tennessee, and Wisconsin each have two AAOBs.
  • 2016 Median AAOBs Aseets: $107 551 000 ($113 470 000)*
  • 2016 Average AAOBs Assets: $210 292 000 ($233 583 000)*
  • African American bank assets saw a 1.2 percent decrease or net loss of approximately $57 million in assets in 2015.
  • AAOBs control 0.03 percent of America’s $15.7 trillion Bank Owned Assets.
  • AAOBs control 2.3 percent of FDIC designated Minority-Owned Bank Assets, which is down from 2.6 percent in 2015.
  • There has not been an AAOB started in 16 years.
  • Only 8 of 2016’s 22 AAOBs saw increases in assets.
  • For comparison, Asian American Owned Banks have approximately $46.1 billion in assets spread over 68 institutions. They control 6.0 percent of Asian America’s buying power.

*Previous year in parentheses

There are 22 African American owned banks (AAOBs) with assets totaling approximately $4.6 billion in assets or approximately 0.43 percent of African America’s $1.1 trillion in buying power.

ALABAMA

ALAMERICA BANK

Location: Birmingham, Alabama

Founded: January 28, 2000

FDIC Region: Atlanta

Assets: $35 476 000

Asset Change (2015): Down 13.4%

COMMONWEALTH NATIONAL BANK

Location: Mobile, Alabama

Founded: February 19, 1976

FDIC Region: Atlanta

Assets: $56 501 000

Asset Change (2015): Down 3.8%

CALIFORNIA

BROADWAY FEDERAL BANK FSB

Location: Los Angeles, California

Founded: February 26, 1947

FDIC Region: San Francisco

Assets: $402 902 000

Asset Change (2015): Up 16.6%

DISTRICT OF COLUMBIA

INDUSTRIAL BANK

Location: Washington, DC

Founded: August 18, 1934

FDIC Region: New York

Assets: $388 951 000

Asset Change (2015): Up 6.5%

GEORGIA

CARVER STATE BANK

Location: Savannah, Georgia

Founded: January 1, 1927

FDIC Region: Atlanta

Assets: $42 174 000

Asset Change (2015): Down 2.5%

CITIZENS TRUST BANK

Location: Atlanta, Georgia

Founded: June 18, 1921

FDIC Region: Atlanta

Assets: $387 897 000

Asset Change (2015): Down 3.2%

ILLINOIS

ILLINOIS SERVICE FEDERAL SAVINGS & LOAN

Location: Chicago, Illinois

Founded: January 01, 1934

FDIC Region: Chicago

Assets: $101 291 000

Asset Change (2015): Down 10.7%

SEAWAY BANK & TRUST COMPANY

Location: Chicago, Illinois

Founded: January 02, 1965

FDIC Region: Chicago

Assets: $369 544 000

Asset Change (2015): Down 29.3%

LOUISIANA

LIBERTY BANK & TRUST COMPANY

Location: New Orleans, Louisiana

Founded: November 16, 1972

FDIC Region: Dallas

Assets: $604 163 000

Asset Change (2015): Up 9.4%

MARYLAND

HARBOR BANK OF MARYLAND

Location: Baltimore, Maryland

Founded: September 13, 1982

FDIC Region: New York

Assets: $285 246 000

Asset Change (2015): Up 22.1%

MASSACHUSETTS

ONEUNITED BANK

Location: Boston, Massachusetts

Founded: August 02, 1982

FDIC Region: New York

Assets: $648 615 000

Asset Change (2015): Up 4.6%

MICHIGAN

FIRST INDEPENDENCE BANK

Location: Detroit, Michigan

Founded: May 14, 1970

FDIC Region: Chicago

Assets: $216 821 000

Asset Change (2015): Down 12.3%

NEW JERSEY

CITY NB OF NEW JERSEY

Location: Newark, New Jersey

Founded: June 11, 1973

FDIC Region: New York

Assets: $250 095 000

Asset Change (2015): Down 12.9%

NORTH CAROLINA

MECHANICS & FARMERS BANK

Location: Durham, North Carolina

Founded: March 01, 1908

FDIC Region: Atlanta

Assets: $298 014 000

Asset Change (2015): Up 3.0%

PENNSYLVANIA

UNITED BANK OF PHILADELPHIA

Location: Philadelphia, Pennsylvania

Founded: March 23, 1992

FDIC Region: New York

Assets: $59 001 000

Asset Change (2015): Down 2.5%

SOUTH CAROLINA

SOUTH CAROLINA COMMUNITY BANK

Location: Columbia, South Carolina

Founded: March 26, 1999

FDIC Region: Atlanta

Assets: $52 995 000

Asset Change (2015): Down 14.2%

TENNESSEE

CITIZENS SAVINGS B&T COMPANY

Location: Nashville, Tennessee

Founded: January 4, 1904

FDIC Region: Dallas

Assets: $104 060 000

Asset Change (2015): Up 5.1%

TRI-STATE BANK OF MEMPHIS

Location: Memphis, Tennessee

Founded: December 16, 1946

FDIC Region: Dallas

Assets: $111 042 000

Asset Change (2015): Down 12.3%

TEXAS

UNITY NB OF HOUSTON

Location: Houston, Texas

Founded: August 01, 1985

FDIC Region: Dallas

Assets: $83 327 000

Asset Change (2015): Up 10.3%

VIRGINIA

FIRST STATE BANK

Location: Danville, Virginia

Founded: September 08, 1919

FDIC Region: Atlanta

Assets: $37 612 000

Asset Change (2015): Down 4.1%

WISCONSIN

COLUMBIA SAVINGS & LOAN ASSOCIATION 

Location: Milwaukee, Wisconsin

Founded: January 1, 1924

FDIC Region: Chicago

Assets: $23 684 000

Asset Change (2015): Down 2.7%

NORTH MILWAUKEE STATE BANK

Location: Milwaukee, Wisconsin

Founded: February 12, 1971

FDIC Region: Chicago

Assets: $67 115 000

Asset Change (2015): Down 13.0%

28 Comments

Posted in Lists

Tagged , , , , , , , , , , , , , , , , , , , , ,

HBCU Money’s 2015 African American Owned Bank Directory

Posted on March 2, 2015 by | 5 comments

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.

bank_men

(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.

ALAMERICA BANK

Location: Birmingham, Alabama

Founded: January 28, 2000

FDIC Region: Atlanta

Assets: $40 946 000

Asset Change (2014): Up 11.5%

BROADWAY FEDERAL BANK FSB

Location: Los Angeles, California

Founded: February 26, 1947

FDIC Region: San Francisco

Assets: $345 574 000

Asset Change (2014): Down 2.2%

CARVER STATE BANK

Location: Savannah, Georgia

Founded: January 1, 1927

FDIC Region: Atlanta

Assets: $43 263 000

Asset Change (2014): Up 6.1%

CITIZENS SAVINGS B&T COMPANY

Location: Nashville, Tennessee

Founded: January 4, 1904

FDIC Region: Dallas

Assets: $99 050 000

Asset Change (2014): Up 1.9%

CITIZENS TRUST BANK

Location: Atlanta, Georgia

Founded: June 18, 1921

FDIC Region: Atlanta

Assets: $400 759 000

Asset Change (2014): Up 2.3%

CITY NB OF NEW JERSEY

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%

COMMONWEALTH NATIONAL BANK

Location: Mobile, Alabama

Founded: February 19, 1976

FDIC Region: Atlanta

Assets: $58 719 000

Asset Change (2014): Down 1.2%

FIRST INDEPENDENCE BANK

Location: Detroit, Michigan

Founded: May 14, 1970

FDIC Region: Chicago

Assets: $247 106 000

Asset Change (2014): Up 6.7%

FIRST STATE BANK

Location: Danville, Virginia

Founded: September 08, 1919

FDIC Region: Atlanta

Assets: $39 226 000

Asset Change (2014): Up 1.1%

FIRST TUSKEGEE BANK

Location: Tuskegee, Alabama

Founded: October 11, 1991

FDIC Region: Atlanta

Assets: $55 515 000

Asset Change (2014): Down 12.1%

HARBOR BANK OF MARYLAND

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%

INDUSTRIAL BANK

Location: Washington, DC

Founded: August 18, 1934

FDIC Region: New York

Assets: $365 179 000

Asset Change (2014): Up 6.6%

LIBERTY BANK & TRUST COMPANY

Location: New Orleans, Louisiana

Founded: November 16, 1972

FDIC Region: Dallas

Assets: $552 081 000

Asset Change (2014): Down 1.8%

MECHANICS & FARMERS BANK

Location: Durham, North Carolina

Founded: March 01, 1908

FDIC Region: Atlanta

Assets: $289 202 000

Asset Change (2014): Down 0.9%

NORTH MILWAUKEE STATE BANK

Location: Milwaukee, Wisconsin

Founded: February 12, 1971

FDIC Region: Chicago

Assets: $77 115 000

Asset Change (2014): Down 11.2%

ONEUNITED BANK

Location: Boston, Massachusetts

Founded: August 02, 1982

FDIC Region: New York

Assets: $619 908 000

Asset Change (2014): Up 1.2%

SEAWAY BANK & TRUST COMPANY

Location: Chicago, Illinois

Founded: January 02, 1965

FDIC Region: Chicago

Assets: $522 353 000

Asset Change (2014): Down 5.2%

SOUTH CAROLINA COMMUNITY BANK

Location: Columbia, South Carolina

Founded: March 26, 1999

FDIC Region: Atlanta

Assets: $61 783 000

Asset Change (2014): Down 11.2%

TRI-STATE BANK OF MEMPHIS

Location: Memphis, Tennessee

Founded: December 16, 1946

FDIC Region: Dallas

Assets: $126 661 000

Asset Change (2014): Down 15.7%

UNITED BANK OF PHILADELPHIA

Location: Philadelphia, Pennsylvania

Founded: March 23, 1992

FDIC Region: New York

Assets: $60 531 000

Asset Change (2014): Down 3.1%

UNITY NB OF HOUSTON

Location: Houston, Texas

Founded: August 01, 1985

FDIC Region: Dallas

Assets: $75 516 000

Asset Change (2013): Up 8.2%

5 Comments

Posted in Lists

Tagged , , , , , , , , , , , , , , , , , , , , , , ,