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:
- 12 of the 16 African American Owned Banks saw increases in assets from 2024.
- African American Owned Banks (AAOBs) are in 14 states and territories. Key states absent are Maryland, Ohio, Wisconsin, Missouri, New York, and Virginia.
- With the loss of Adelphi Bank (OH) from majority African American ownership, no African American owned bank has been started in 26 years.
- Alabama and Georgia each have two AAOBs.
- African American Owned Banks have approximately $6.7 billion of America’s $24.9 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 11 percent of Minority-Owned Banks (154), but only control 1.73 percent of FDIC designated Minority-Owned Bank Assets.
- 2025 Median AAOBs Assets: $255,112,000 ($191,590,000)
- 2025 Average AAOBs Assets: $395,554,000 ($355,448,000)
- TOTAL AFRICAN AMERICAN OWNED BANK ASSETS 2025: $6,724,410,000 ($6,398,070,000)
ALABAMA
Location: Birmingham, Alabama
Founded: January 28, 2000
FDIC Region: Atlanta
Assets: $17,741,000
Asset Change (2023): UP 2.7%
Location: Mobile, Alabama
Founded: February 19, 1976
FDIC Region: Atlanta
Assets: $66,375,000
Asset Change (2023): DOWN 0.8%
DISTRICT OF COLUMBIA
Location: Washington, DC
Founded: August 18, 1934
FDIC Region: New York
Assets: $755,175,000
Asset Change (2023): UP 2.2%
GEORGIA
Location: Savannah, Georgia
Founded: January 1, 1927
FDIC Region: Atlanta
Assets: $106,700,000
Asset Change (2023): UP 30.3%
Location: Atlanta, Georgia
Founded: June 18, 1921
FDIC Region: Atlanta
Assets: $793,469,000
Asset Change (2023): UP 7.0%
ILLINOIS
Location: Chicago, Illinois
Founded: January 01, 1934
FDIC Region: Chicago
Assets: $64,685,000
Asset Change (2023): UP 1.2%
LOUISIANA
Location: New Orleans, Louisiana
Founded: November 16, 1972
FDIC Region: Dallas
Assets: $1,076,349,000
Asset Change (2023): UP 2.6%
MASSACHUSETTS
Location: Boston, Massachusetts
Founded: August 02, 1982
FDIC Region: New York
Assets: $756,367,000
Asset Change (2023): UP 0.1%
MICHIGAN
Location: Detroit, Michigan
Founded: May 14, 1970
FDIC Region: Chicago
Assets: $644,122,000
Asset Change (2023): UP 6.1%
MISSISSIPPI
Location: Hattiesburg, Mississippi
Founded: January 1, 1968
FDIC Region: Dallas
Assets: $252,934,000
Asset Change (2023): UP 57.0%
NORTH CAROLINA
Location: Durham, North Carolina
Founded: March 01, 1908
FDIC Region: Atlanta
Assets: $498,118,000
Asset Change (2023): UP 15.9%
OKLAHOMA
Location: Oklahoma City, Oklahoma
Founded: April 06, 1951
FDIC Region: Dallas
Assets: $174,740,000
Asset Change (2023): UP 46.4%
PENNSYLVANIA
Location: Philadelphia, Pennsylvania
Founded: March 23, 1992
FDIC Region: New York
Assets: $53,275,000
Asset Change (2023): DOWN 4.4%
SOUTH CAROLINA
Location: Columbia, South Carolina
Founded: March 26, 1999
FDIC Region: Atlanta
Assets: $662,589,000
Asset Change (2023): UP 26.2%
TENNESSEE
Location: Nashville, Tennessee
Founded: January 4, 1904
FDIC Region: Dallas
Assets: $181,740,000
Asset Change (2023): UP 3.1%
TEXAS
Location: Houston, Texas
Founded: August 01, 1985
FDIC Region: Dallas
Assets: $201,440,000
Asset Change (2023): DOWN 3.6%
SOURCE: FDIC
HBCU Money 