The number of black owned banks is declining. In 1994 there were as many as 54 banks but now those numbers are a lot less. Black owned banks are vital to the communities they serve because of the common discrimination in the financial industry.
Below is a list of 10 black owned banks:
1. OneUnited Bank
Locations: Los Angeles, CA, Compton, CA, Pasadena, CA, Miami, FL, Boston, MA, Dorchester, MA
Website: OneUnited Bank
CEO: Kevin Cohee
2. Citizen Trust Bank
Locations: Atlanta, GA, Columbus, GA, East Point, GA, Lithonia, GA, Stone Mountain, GA, Birmingham, AL, Eutaw, AL
Website: Citizens Trust Bank
CEO: Cynthia N. Day
3. The Harbor Bank of Maryland
Locations: Baltimore, MD, Riverdale, MD, Randallstown, MD
Website: The Harbor Bank of Maryland
CEO: Joseph Haskins, Jr.
4. Carver State Bank
Locations: Savannah, GA
Website: Carver State Bank
CEO: Robert E. James
5. First Independence Bank
Locations: Detroit, MI, Clinton Township, MI
Website: First Independence Bank
CEO: Kenneth Kelly
6. Liberty Bank
Locations: New Orleans, LA, Baton Rouge, LA, Jackson, MS, Kansas City, KS, Kansas City, MO, Detroit, MI, Chicago, IL, Tuskegee, AL, Montgomery, AL
Website: Liberty Bank
CEO: Alden J. McDonald Jr.
7. Broadway Federal Bank
Locations: Los Angeles. CA, Inglewood, CA
Website: Broadway Federal Bank
CEO: Wayne-Kent A. Bradshaw
8. City National Bank
Locations: Newark, NJ, Brooklyn, NY, Harlem, NY
Website: City National Bank
CEO: Preston D. Pinkett, III
9. Unity National Bank
Locations: Houston, TX, Missouri City, TX
Website: Unity National Bank
CEO: Jeff Smith
10. United Bank of Philadelphia
Locations: Philadelphia, PA
Website: United Bank of Philadelphia
CEO: Evelyn F. Smalls