We are constantly hearing about the importance of economic unity in the black community to combat the lack of lending and economics. People talk about the potential strength of our money, the $1.2 trillion dollars in annual spending power of the community, but somehow forget to mention the benefit and opportunity of having black owned banks.
Just imagine if we kept a tenth of our $1.2 trillion dollars in these banks. This would be a sum of $120 billion dollars in those banks, providing the economic strength and lending power our community needs to take control of our situation here in America.
We would have all funds we would need to begin to build a solid community for the future. The problem is we continue to listen to people who have no interest in the success of our future. We continue to pay attention to side issues instead of focusing in on controlling our economics in the community (and eventually the politics).
FIND YOURS: We just put together a list of Black Banks in EVERY STATE, Click Here
STOP IT!
It is time each and every one of us open an account with a black bank. You don’t have to move all your money at once, we already know you aren’t going to do that. But if you just move 10% over, this can start a tidal wave of difference in our community.
Here are the 19 Black Owned Banks in the United States of America. Consider putting a portion of your money into one.
Location: Birmingham, Alabama
Founded: January 28, 2000
FDIC Region: Atlanta
Assets: $35 404 000
Location: Los Angeles, California
Founded: February 26, 1947
FDIC Region: San Francisco
Assets: $385 055 000
CAPITAL CITY BANK & TRUST COMPANY
Location: Atlanta, Georgia
Founded: October 3, 1994
FDIC Region: Atlanta
Assets: $294 572 000
Location: Savannah, Georgia
Founded: January 1, 1927
FDIC Region: Atlanta
Assets: $41 573 000
Location: Atlanta, Georgia
Founded: June 18, 1921
FDIC Region: Atlanta
Assets: $392 286 000
Location: Newark, New Jersey
Founded: June 11, 1973
FDIC Region: New York
Assets: $340 301 000
Location: Mobile, Alabama
Founded: February 19, 1976
FDIC Region: Atlanta
Assets: $63 244 000
Location: Detroit, Michigan
Founded: May 14, 1970
FDIC Region: Chicago
Assets: $215 924 000
Location: Danville, Virginia
Founded: September 08, 1919
FDIC Region: Atlanta
Assets: $38 882 000
Location:Tuskegee, Alabama
Founded: October 11, 1991
FDIC Region: Atlanta
Assets: $63 127 000
ILLINOIS SERVICE FEDERAL SAVINGS & LOAN
Location: Chicago, Illinois
Founded: January 01, 1934
FDIC Region: Chicago
Assets: $140 148 000
Location: Washington, DC
Founded: August 18, 1934
FDIC Region: New York
Assets: $342 524 000
Location: New Orleans, Louisiana
Founded: November 16, 1972
FDIC Region: Dallas
Assets: $545 019 000
Location: Durham, North Carolina
Founded: March 01, 1908
FDIC Region: Atlanta
Assets: $304 809 000
Location: Milwaukee, Wisconsin
Founded: February 12, 1971
FDIC Region: Chicago
Assets: $91 490 000
Location: Boston, Massachusetts
Founded: August 02, 1982
FDIC Region: New York
Assets: $590 624 000
Location: Chicago, Illinois
Founded: January 02, 1965
FDIC Region: Chicago
Assets: $573 168 000
Location: Philadelphia, Pennsylvania
Founded: March 23, 1992
FDIC Region: New York
Assets: $67 930 000
Location: Houston, Texas
Founded: August 01, 1985
FDIC Region: Dallas
Assets: $68 125 000
Source: FDIC
Source: FDIC
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