Juneteenth 2020 - List of Black-owned Banks

In the space of 5 years, 2001 and 2016, the numbers of black banks in the United States fell by 54%. What led to the fall is often related to either because some of the banks were acquired or they fell out of job. However, the ongoing #BlackLivesMatter revolution has encouraged many African Americans into moving their money from other commercial banks to black-owned banks. The idea of moving their money to black banks was first initiated by celebrities like rapper Killer Mike and Solange. The initiative is a direct response to years of white police brutality to the blacks which has led to the brutal killings of George Floyd, Breonna Taylor, and Ahmaud Arbery.

Recently, the annual collective buying power of African Americans is calculated as $1 trillion. Hence the idea of Blacks moving their money from white-owned banks to black-owned is to ensure that Black dollars circulate and re-circulate within the Black communities. 

If you are interested in opening an account with the black-owned banks as a way of supporting the #BlackLivesMatter movement or just for investment purpose, here is a list.

Black-owned banks in the United States:

• https://www.alamericabank.com/ Alamerica Bank (Birmingham, AL)
• https://www.broadwayfederalbank.com/ Broadway Federal Bank (Los Angeles, CA)
• https://www.carverbank.com/ Carver Federal Savings Bank (New York, NY)
• http://www.carverstatebank.com/ Carver State Bank (Savannah, GA)
• https://ctbconnect.com/ Citizens Trust Bank (Atlanta, GA)
• https://ctbconnect.com/ Citizen Trust Bank (Birmingham, AL)
• https://www.bankcbn.com/ Citizens Bank (Nashville, TN)
• https://www.columbiasavingsandloans.com/ Columbia Savings and Loan (Milwaukee, WI)
• https://www.citynatbank.com/ City National Bank (Newark, NJ)
• https://www.ecommonwealthbank.com/ Commonwealth National Bank (Mobile, AL)
• https://www.firstindependence.com/ First Independence Bank (Detroit, MI)
• https://www.theharborbank.com/ The Harbor Bank (Baltimore, MD)
• https://www.gnbank.net/ GN Bank (Chicago, IL)
• https://www.industrial-bank.com/ Industrial Bank (Washington D.C.)
• https://www.libertybank.net/customer_care/locations/ Liberty Bank (New Orleans, LA)
• https://www.libertybank.net/customer_care/locations/ Liberty Bank (Baton Rouge, LA)
• https://www.libertybank.net/customer_care/locations/kansas-city-mo/ Liberty Bank (Kansas City, MO)
• https://www.libertybank.net/customer_care/locations/ Liberty Bank (Chicago, IL)
• https://www.libertybank.net/customer_care/locations/ Liberty Bank (Jackson, MS)
• https://www.mfbonline.com/ Mechanics & Farmers Bank (Durham, NC)
• https://www.oneunited.com/about-us/branch-atm-locations/ OneUnited Bank (Miami, FL)
• https://www.oneunited.com/about-us/branch-atm-locations/ OneUnited Bank (Boston, MA)
• https://www.ubphila.com/ United Bank of Philadelphia (Philadelphia, PA)
• http://www.unitybanktexas.com/ Unity National Bank (Houston, TX)

Juneteenth 2020

Juneteenth is a significant day in the history of African Americans, and Juneteenth 2020 is even more important due to the continued injustice towards black people.  

What you need to know about Juneteenth: 

According to a website dedicated to Juneteenth history, “Juneteenth is the oldest nationally celebrated commemoration of the ending of slavery in the United States. Dating back to 1865, it was on June 19th that the Union soldiers, led by Major General Gordon Granger, landed at Galveston, Texas with news that the war had ended and that the enslaved were now free. Note that this was two and a half years after President Lincoln’s Emancipation Proclamation - which had become official January 1, 1863. The Emancipation Proclamation had little impact on the Texans due to the minimal number of Union troops to enforce the new Executive Order. However, with the surrender of General Lee in April of 1865, and the arrival of General Granger’s regiment, the forces were finally strong enough to influence and overcome the resistance.” - Juneteenth.com