There are many reasons to bank black in Maryland! Maryland has the 4th largest black population (estimated at 1,798,593 in 2010) in the United States and within cities such as Baltimore it has some of the most underserved communities.

Many black banks and credit unions were formed to serve the interest of a disenfranchised black community that were not allowed to bank with mainstream white banks, also they have a strong track record of reinvesting into the local community and loaning to small black business.

In short keeping you spending and saving and banking black is for the good of the black community!

Despite the large population black owned banks and credit unions in Maryland number just one as far we know (listed below!), however Washington D.C. has a few more options and you can look at our posts for the surrounding states Delaware, Pennsylvania, Virginia and West Virginia.

THE HARBOR BANK, Baltimore, Maryland
www.theharborbank.com
Harbor Bank of Maryland opened its doors in September of 1982 with $2.1 million in assets. As of December 31, 2015, Harbor Bank’s assets were $288 million. The bank conducts general banking business in seven branch locations and primarily serves the Baltimore, Maryland Metropolitan area. The Bank also has a branch in Riverdale, Prince George’s County, Maryland. The Harbor Bank offers checking, savings, time deposits, credit cards, debit card, commercial real estate, personal, home improvement, automobile, and other installment and term loans. The Bank is also a member of a local and national ATM network. The retail nature of the Bank allows for diversification of depositors and borrowers so it is not dependent upon a single or a few customers. The bank is proud of being the first community bank in the country to have an Investment Subsidiary, Harbor Financial Services.

Main Office
25 W. Fayette Street
Baltimore, Maryland 21201
Monday – Thursday 9:00 am to 3:00 pm
Friday 9:00 am to 5:00 pm
410-528-1801 or 1-888-833-7920

Do you know of any other black owned banks or credit unions in this state? Are the branches we listed still open? If you have any info please email us family[AT]urbanintellectuals.com.

If you are looking for banks in nearby states of other states see our list black owned banks in all states.