10 Black Owned Banks

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

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

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

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

Carver State Bank

Locations: Savannah, GA

Website: Carver State Bank

CEO: Robert E. James




5. First Independence Bank

First Independence Bank

Locations: Detroit, MI, Clinton Township, MI

Website: First Independence Bank

CEO: Kenneth Kelly




6. Liberty Bank

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

Broadway Federal Bank

Locations: Los Angeles. CA, Inglewood, CA

Website: Broadway Federal Bank

CEO: Wayne-Kent A. Bradshaw




8. City National Bank

City National Bank

Locations: Newark, NJ, Brooklyn, NY, Harlem, NY

Website: City National Bank

CEO: Preston D. Pinkett, III




9. Unity National Bank

Unity National Bank

Locations: Houston, TX, Missouri City, TX

Website: Unity National Bank

CEO: Jeff Smith




10. United Bank of Philadelphia

United Bank of Philadelphia

Locations: Philadelphia, PA

Website: United Bank of Philadelphia

CEO: Evelyn F. Smalls