Black America, Where do you put your money? (601 hits)
Black America, Where do you put your money?
2013 LIST OF BLACK OWNED BANKS IN AMERICA
All banks are listed in alphabetical order. In order to be listed in our directory the bank must have at least 51 percent African American ownership.
There are 20 African American owned banks with assets totaling approximately $4.7 billion in assets or approximately 0.43 percent of African America’s $1.1 trillion in buying power.
Between 1888 and 1934, 134 black banks were established, while from 1867 through 1917, the number of Black businesses increased from 4,000 to 50,000.
In 1994, there were 54 African American owned banks according to the FDIC. Now, there are 20.
