5 African-American Owned Banks You Should Know

 

By Tara Evans

In the last year, there has been a significant movement in America among the black community to invest in themselves. African-American owned banks have been around for years, but they have not necessarily been so well-known outside of their local communities.

Here are five African -American owned banks in America that you should know.

#1 One United Bank

One United is the second largest black-owned bank and the first black internet bank in the United States.  Its offices are located in Boston, Miami, and Los Angeles. Founded in the year 1968, it offers a variety of services, such as deposits, lending, and sponsoring community development programs across the country.

In the last two years, One United Bank has financed over $100 million in loans. Furthermore, the United States Department of Treasury has deemed One United as the highest bank enterprise in community development in America a whopping ten times!

This bank is located in Massachusetts, California, and Florida. 

Click here for the complete listing. 

Source: On The Black List (via Your Black World News)