Black owned banks
Hello, Entrepreneur,
"The typical white family has eight times the wealth of the typical Black family, according to a 2019 Federal Reserve survey." (Tierney, 2022) This data more than explains the importance of black owned business. To increase your knowledge of black owned businesses we have several listed below.
|
Financial Institution |
Headquarters |
|---|---|
|
Online only |
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Online only |
|
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Greenwood (waitlist to join) |
Online only |
|
Birmingham, AL |
|
|
Mobile, AL |
|
|
City First Bank (see NerdWallet's review) |
Washington, D.C. (with branches in CA, D.C.) |
|
Washington, D.C. |
|
|
Industrial Bank (see NerdWallet's review) |
Washington, D.C. (with branches in D.C., MD, NJ, NY) |
|
Washington, D.C. |
|
|
Washington, D.C. |
|
|
Tallahassee, FL |
|
|
Atlanta, GA |
|
|
Atlanta, GA |
|
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Atlanta, GA |
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Augusta, GA |
|
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Savannah, GA |
|
|
Toccoa, GA |
|
|
Chicago, IL |
|
|
Chicago, IL |
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Baton Rouge, LA |
|
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New Orleans, LA (with branches in AL, IL, KS, KY, LA, MI, MO, MS) |
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Baltimore, MD |
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Baltimore, MD |
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|
Baltimore, MD |
|
|
Andrews Federal Credit Union (see NerdWallet's review) |
Suitland, MD (with branches in D.C., MD, VA) |
|
Greenbelt, MD (with branches in D.C., MD, VA) |
|
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Boston, MA (with branches in CA, FL, MA) |
|
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Detroit, MI |
|
|
Hope Credit Union (see NerdWallet's review) |
Jackson, MS (with branches in AL, AR, LA, MS, TN) |
|
Jackson, MS |
|
|
St. Louis, MO |
|
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New York, NY |
|
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Long Island City, NY |
|
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Durham, NC |
|
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Kinston, NC |
|
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Toledo, OH |
|
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Oklahoma City, OK |
|
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Philadelphia, PA |
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Pittsburgh, PA |
|
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Columbia, SC |
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Columbia, SC |
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West Columbia, SC |
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Nashville, TN |
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Arlington, TX |
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Houston, TX (with branches in GA, TX) |
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Dallas, TX |
|
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Dallas, TX |
|
|
Alexandria, VA (with branches in D.C., MD, PA, VA) |
|
|
South Chesterfield, VA |
|
|
Milwaukee, WI |
Reference:
(Tierny,2022)Black-Owned Banks and Credit Unions - NerdWallet