Banks

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25. Citizens Savings Bank & Trust Co.

Founded by R.H. Boyd, Preston Taylor, and J.C. Napier in 1904, Citizens Savings Bank & Trust Co. is the second oldest black-owned and operated bank in the U.S. The Nashville-based firm also holds the distinction of being the first black-owned... (Continue reading)

24. United Bank of Philadelphia

Founded in 1992, United Bank of Philadelphia is the largest minority-owned and managed financial services firm in Pennsylvania. United Bank, a wholly-owned subsidiary of United Bancshares, Inc., is the fourth largest black-owned bank on the BE Banks list headed by... (Continue reading)

23. Commonwealth National Bank

The Commonwealth National Bank is the second largest black-owned full-service bank in Alabama. In February 2009, the Mobile-based bank named Tyrone Fenderson Jr. as its president and chief executive officer. Fenderson, who has more than 20 years banking experience, formerly... (Continue reading)

22. Advance Bank

Advance Bank is a federally chartered minority-owned mutual savings bank. The Baltimore, Maryland-based bank specializes in commercial and mortgage loans.  The financial services firm expanded its services and reach in Pennsylvania when it acquired the Philadelphia-based Berean Bank. In 2008, the... (Continue reading)

21. First Tuskegee Bank

Founded in 1894, First Tuskegee Bank is the country’s oldest black-owned savings and loan institution. The bank operated its first office out of a classroom on the campus of the historically black college Tuskegee University. More than 115 years later, the... (Continue reading)

20. South Carolina Community Bank

South Carolina Community Bank is the largest black-owned Community Development Financial Institution (CDFI) in the state of South Carolina.  The Columbia-based bank operates four branches throughout the state; and provides an array of products and services to underserved communities, small... (Continue reading)

19. North Milwaukee State Bank

Founded in 1971, North Milwaukee State Bank is the oldest and second largest minority-owned bank in Wisconsin. The bank offers financial education outreach, new construction loans, grants, auxiliary/events support,  private banking, and financial advisory services.  Church congregations represent one of... (Continue reading)

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18. Highland Community Bank

Highland Community Bank is the third largest black-owned commercial bank in Illinois. The Chicago-based bank was founded by George R. Brokemond in 1970. Since its inception, the bank has acquired two additional branches in the Sheldon Heights and Englewood communities... (Continue reading)

17. Tri-State Bank of Memphis

The Tri-State Bank of Memphis is the largest minority-owned and managed commercial bank in Tennessee. The bank was founded by father and son team the late Dr. J.E. Walker and A. Maceo Walker in 1964. The Walkers’ mission was to... (Continue reading)

16. Illinois Service Federal Savings & Loan Association

Founded in 1934, Chicago-based Illinois Service Federal Savings & Loan Association is the oldest and second largest black-owned bank in the state. The bank opened its first office in a one-room storefront with deposits of $7,000. More than 75 years later,... (Continue reading)

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