Black-Owned Banking Institutions by State. History and background of Black-Owned Banking Institutions

Black-Owned Banking Institutions by State. History and background of Black-Owned Banking Institutions

Alamerica Bank

Alamerica Bank had been initially arranged by band of prominent Birmingham, Ala., community leaders. Alamerica realized functional profitability after half a year of procedure. п»ї п»ї

  • Branches: The Alamerica Bank Building (Birmingham, Ala.) п»ї п»ї
  • ATMs: N/A
  • States: Alabama п»ї п»ї
  • Services: Deposit solutions (company and private reports), loan solutions (professional and personal loans), online banking, image statements, and MasterMoney debit cards п»ї п»ї п»ї п»ї п»ї п»ї
  • Assets: $18.912 million п»ї that is п»ї
  • Supply: Online and п»ї п»ї

Broadway Federal Bank

The Broadway Federal Bank is really a subsidiary of Broadway Financial Corporation, a bank keeping business found in l . a ., Calif. Previously referred to as Broadway Federal Savings and Loan Association, created, the initial building ended up being damaged by way of a fire. The company ended up being transformed from a federally chartered mutual cost cost cost cost cost cost savings relationship to a federally chartered stock cost cost cost cost cost cost savings bank, thus the name that is new. п»ї п»ї

  • Branches: Mid-Wilshire Branch (l . a ., Calif.), Inglewood Branch (Inglewood, Calif.), and Exposition Park Branch (l . a ., Calif.) п»ї п»ї
  • ATMs: area of the MoneyPass system п»ї п»ї
  • States: California п»ї п»ї
  • Services: private and company records, charge cards, and loan products п»ї п»ї
  • Assets: $415 million п»ї п»ї
  • Supply: Online and п»ї п»ї

Brookland Federal Credit Union

Started, the Brookland Federal Credit Union is really a not-for-profit economic cooperative that provides economic solutions to users of Brookland Baptist Church and their instant family relations. п»ї п»ї in the event that you join Brookland Federal, your family have actually an eternity account. п»ї п»ї

  • Branches: Brookland Federal Credit Union (Western Columbia, S.C.) п»ї п»ї
  • ATMs: N/A
  • States: Sc п»ї п»ї
  • Solutions: cost cost cost cost Savings, checking, loans, along with other solutions (economic literacy, assured auto security, etc.) п»ї п»ї п»ї п»ї п»ї п»ї п»ї п»ї
  • Assets: $3.4 million п»ї п»ї
  • Supply: Online and п»ї п»ї

Carver Federal Savings Bank

The Carver Federal Savings Bank ended up being launched to serve African United states communities with restricted access to mainstream services that are financial. Nearly all its branches and ATMs are found in low- to moderate-income communities. п»ї п»ї Carver Federal Savings Bank is amongst the three banking institutions which are considered «Black operated,» rather than Ebony owned. п»ї п»ї

  • Branches: Atlantic Terminal Branch (Brooklyn, N.Y.), Bedford-Stuyvesant — Restoration Plaza Branch (Brooklyn, N.Y.), Crown Heights Branch (Brooklyn, N.Y.), Flatbush Branch (Brooklyn, N.Y.), and St Albans Branch (Jamaica, N.Y.), 125th Street Branch (new york, N.Y.), and Malcolm X Boulevard Branch (nyc, N.Y.)) п»ї п»ї
  • ATMs: Atlantic Terminal retail center (2) (Brooklyn, N.Y.) and ATM Banking Center (Brooklyn, N.Y.) п»ї п»ї
  • States: Nyc п»ї п»ї
  • Services: private and company banking, loans, and community cash п»ї п»ї п»ї п»ї п»ї п»ї п»ї п»ї
  • Assets: $581.718 million п»ї that is п»ї
  • Access: Online and п»ї п»ї

Carver State Bank

Founded, the Georgia Savings and Realty Corporation ended up being a tiny, personal bank along with a genuine property investment and administration business. The institution that is original transformed into a situation bank and became referred to as Carver Savings Bank. Carver had turn into a full-service bank that is commercial hence its title had been changed yet again into the Carver State Bank. п»ї п»ї

  • Branches: principal workplace (Savannah, Ga.) and Skidaway Branch (Savannah payday loans North Carolina, Ga.) п»ї п»ї
  • ATMs: Principal Workplace (Savannah, Ga.), Skidaway Branch (Savannah, Ga.), and Hilton Head airport terminal (Savannah, Ga.) п»ї п»ї
  • States: Georgia п»ї п»ї
  • Services: individual records (checking and savings), company records, loans, development programs, along with other solutions (cashier’s checks, cash purchases, etc.) п»ї п»ї п»ї п»ї п»ї п»ї п»ї п»ї п»ї п»ї п»ї п»ї
  • Assets: $46.124 million п»ї that is п»ї
  • Accessibility: Online and п»ї п»ї

People Bank

The only Cent Savings Bank became the initial minority-owned bank in Tennessee. The organization’s title had been changed towards the people Savings Bank & Trust Co. people Bank may be the earliest, constantly running bank that is black-owned the U.S. п»ї п»ї

  • Branches: Memphis Winchester path Branch (Memphis, Tenn.) and principal workplace (Nashville, Tenn.) п»ї п»ї
  • ATMs: Main Office (Nashville, Tenn.) п»ї п»ї
  • States: Tennessee п»ї п»ї
  • Services: private and company banking (checking and cost cost cost cost cost savings), bank cards, and loans (individual, company, etc.) п»ї п»ї
  • Assets: $100 million п»ї п»ї
  • Accessibility: Online and п»ї п»ї