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15. First Independence Bank
Written on 11 May, 2009 at 21:10 in Banks | viewed 203 times | 0 Comments
First Independence Bank is Michigan’s largest black-owned bank. The Detroit-based bank operates four branches throughout the city and specializes in commercial loans. In 2008, the bank reported assets totaling $161.1 million–down 14% from the previous year. Donald Davis, CEO, First Independence,... (Continue reading)
14. Independence Federal Savings Bank
Written on 11 May, 2009 at 21:10 in Banks | viewed 173 times | 0 Comments
Independence Federal Savings Bank is the second largest black-owned bank in the District of Columbia. The bank, which specializes in residential mortgage loans, has made home ownership possible for more than 5,000 families; and provided financial aid to more than... (Continue reading)
13. Legacy Bank
Written on 11 May, 2009 at 21:10 in Banks | viewed 258 times | 0 Comments
Legacy Bank, a subsidiary of Legacy Bancorp Inc., is the largest black-owned Community Development Financial Institution (CDFI) in Wisconsin. Legacy Bancorp is the nation’s only holding company organized by African American women. The bank was chartered by the Wisconsin Department of... (Continue reading)
12. Urban Trust Bank
Written on 11 May, 2009 at 21:09 in Banks | viewed 236 times | 0 Comments
Urban Trust Bank (UTB) is the largest black-owned federally chartered bank in Florida. The full-service bank, headquartered outside of Orlando, was founded by BET founder Robert Johnson in 2005. The bank is among several RLJ Co. portfolio companies including Bobcats... (Continue reading)
11. Mechanics & Farmers Bank
Written on 11 May, 2009 at 21:09 in Banks | viewed 194 times | 0 Comments
Mechanics & Farmer Bank, a wholly-owned subsidiary of M&F Bancorp Inc., is the largest minority- and woman-owned bank in the U.S. As of December 2008, the bank’s assets totaled $270.3 million–up 21% from the previous year. The Durham-based bank was... (Continue reading)
10. The Harbor Bank of Maryland
Written on 11 May, 2009 at 21:07 in Banks | viewed 262 times | 0 Comments
When The Harbor Bank of Maryland opened for business, it had already acquired $2.1 million assets. More than 25 years later, Harbor Bank has increased its assets to over $284.9 million, making it Maryland’s largest black-owned bank and the nation’s... (Continue reading)
9. Capitol City Bank & Trust Co.
Written on 11 May, 2009 at 21:07 in Banks | viewed 305 times | 0 Comments
Atlanta-based Capitol City Bank was chartered on Jun 30, 1994. The financial services firm operates seven branches to serve inner city Georgia communities in Atlanta, Albany, Savannah, and Stone Mountain. With over $300 million in assets, Capitol City Bank is Atlanta’s... (Continue reading)
8. Citizens Bancshares Corp.
Written on 11 May, 2009 at 21:07 in Banks | viewed 265 times | 0 Comments
Citizens Bancshares Corp. is the parent holding company of Citizens Trust Bank, Atlanta’s oldest and largest African American-owned bank. Named Black Enterprise’s Bank of the Year in 1985, the legendary bank is the first minority-owned financial institution to become a... (Continue reading)
7. Seaway Bank and Trust Co.
Written on 11 May, 2009 at 21:06 in Banks | viewed 241 times | 0 Comments
Seaway Bank & Trust Co. was created by a group of Chicago businessmen in 1965 to combat the discriminatory lending practices on Chicago’s South Side. During its first year, Seaway’s assets grew to over $5,000,000. More than 40 years later, Seaway... (Continue reading)
6. Industrial Bank
Written on 11 May, 2009 at 21:06 in Banks | viewed 228 times | 0 Comments
Industrial Bank was founded in 1934 with just six employees and $192,000 in assets. The bank manages $363.9 million in assets, making it the largest minority-owned commercial bank in Washington, D.C. Industrial Bank, which specializes in retail banking and residential and... (Continue reading)
