The BankBlack revolution has already began. Thousands of African Americans across the country are transferring their money to Black-owned banks that invest in urban communities and businesses. Initiated by several celebrities like Solange and rapper @killermike
, the initiative is in response to years of police brutality, discrimination, and other racial problems that have long existed in America. African Americans collectively have an annual buying power of almost $1 trillion dollars.
1 - Alamerica Bank: This bank in Birmingham, AL
2 - Commonwealth National Bank: Mobile, AL
3 - Broadway Federal Bank: Los Angeles, CA
4 - Industrial Bank: Headquarted in Washington, DC with branch locations in Oxon Hill and Forestville, MD
6 - Carver State Bank: Savannah, GA
7 - Citizens Trust Bank: Atlanta, GA
8 - Illinois Service Federal Bank: Based in Chicago
9 - Seaway Bank & Trust Company: Chicago-based
10 - Metro Bank: Based in Louisville, KY
11 - Liberty Bank: Based in New Orleans and Baton Rouge, they have also expanded to more than 18 branches in six states - including Kansas, Mississippi, Michigan, Missouri, Alabama, and Illinois.
12 - Harbor Bank of Maryland: Primarily serves the Baltimore metropolitan area, They also have a branch in Riverdale, MD, PG County.
13 - One United @oneunited
: The first Black internet bank and the largest Black-owned bank in the country, with offices in Los Angeles, Boston and Miami.
14 - First Independence Bank: Based in Detroit
15 - City National Bank: Primarily based in Newark, NJ with branch locations in Harlem and Brooklyn
16 - Mechanics & Farmers Bank: Founded in 1907. They have branches in Winston-Salem, Durham, Raleigh, Greensboro, and Charlotte
17 - United Bank of Philadelphia: Based in Philadelphia
18 - South Carolina Community Bank: Based in Columbia, SC
19 - Citizens Savings Bank and Trust Company: With branch locations in Nashville and Memphis, TN
20 - Tri-State Bank of Memphis: 3 branch locations throughout Memphis
21 - Unity National Bank: Based in Houston TX
22 - First State Bank: Chartered in 1919 in Danville, VA
23 - Columbia Savings & Loan Association: Based in Milwaukee, WI