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African American Owned Banks

There are 21 African American owned banks with assets totaling approximately $4.7 billion or approximately 0.43 percent of African America’s $1.1 trillion in buying power. In 1994, there were 54 African American owned banks according to the FDIC. Here are 10 with 51 percent African American ownership.

ALAMERICA BANK

http://www.alamericabank.com/

Location: Birmingham, Alabama

Founded: January 28, 2000

FDIC Region: Atlanta

BROADWAY FEDERAL BANK FSB

http://www.broadwayfederalbank.com/

Location: Los Angeles, California | Inglewood, CA

Founded: February 26, 1947

FDIC Region: San Francisco

CARVER STATE BANK

www.carverstatebank.com

Location: Savannah, Georgia

Founded: January 1, 1927

FDIC Region: Atlanta

 

CITY NB OF NEW JERSEY

https://www.citynatbank.com/

Location: Newark, New Jersey

Founded: June 11, 1973

FDIC Region: New York

CITIZENS TRUST BANK

https://ctbconnect.com/

Location: Atlanta, Georgia

Founded: June 18, 1921

FDIC Region: Atlanta

CREDIT UNION OF ATLANTA

https://www.cuatlanta.org/

COMMONWEALTH NATIONAL BANK

http://www.ecommonwealthbank.com/

Location: Mobile, Alabama

Founded: February 19, 1976

FDIC Region: Atlanta

URBAN UPBOUND

http://urbanupbound.org/what_we_do/federal-credit-union/

13-03B 40th Avenue

Long Island City, NY

FIRST INDEPENDENCE BANK

http://www.firstindependence.com/

Location: Detroit, Michigan

Founded: May 14, 1970

FDIC Region: Chicago

FIRST STATE BANK

http://www.efirststatebank.com/

Location: Danville, Virginia

Founded: September 08, 1919

FDIC Region: Atlanta