List of 20 African-American Owned Bank Directory (03/2016)
There are 20 African American owned Banks (AAOB) with assets totaling approximately $4.3 billion in assets.
OTHER KEY FINDINGS:
All banks are listed in alphabetical order by state. In order to be listed in our directory the bank must have at least 51 percent African American ownership. You can click on the bank name to go directly to their website. (Information based by HBCU Money Research & FDIC - MDIP.)
OTHER KEY FINDINGS:
- AAOBs are in 16 states. Key states absent are Florida, Mississippi, New York, and Ohio.
- Median AAOBs Aseets: $105,233,000 - $105,790,000
- Average AAOBs Assets: $215,195,000
- AAOBs control 2.2 percent of FDIC designated Minority-Owned Bank Assets
- In 2015, there were 22 AAOBs, this year sees 20 or an decrease of approximately 9 percent.
- For comparison, Asian American Owned Banks have approximately $47 billion in assets spread over 68 institutions.
All banks are listed in alphabetical order by state. In order to be listed in our directory the bank must have at least 51 percent African American ownership. You can click on the bank name to go directly to their website. (Information based by HBCU Money Research & FDIC - MDIP.)
Name |
Located
|
Founded |
FDIC Region
|
Assets |
|
Birmingham, Alabama
|
January 28, 2000
|
Atlanta
|
$34,170,000
|
|
Mobile, Alabama
|
February 19, 1976
|
Atlanta
|
$57,869,000
|
|
Los Angeles, California
|
February 26, 1947
|
San Francisco
|
$387,237,000
|
|
Washington, DC
|
August 18, 1934
|
New York
|
$386,688,000
|
|
Atlanta, Georgia
|
June 18, 1921
|
Atlanta
|
$403,747,000
|
|
Savannah, Georgia
|
January 1, 1927
|
Atlanta
|
$40,368,000
|
|
Chicago, Illinois
|
January 01, 1934
|
Chicago
|
$101,004,000
|
|
Chicago, Illinois
|
January 02, 1965
|
Chicago
|
$372,982,000
|
|
New Orleans, Louisiana
|
November 16, 1972
|
Dallas
|
$613,660,000
|
|
Boston, Massachusetts
|
August 02, 1982
|
New York
|
$621,978,000
|
|
Detroit, Michigan
|
May 14, 1970
|
Chicago
|
$256,503,000
|
|
Durham, North Carolina
|
March 01, 1908
|
Atlanta
|
$304,346,000
|
|
Newark, New Jersey
|
June 11, 1973
|
New York
|
$262,304,000
|
|
Philadelphia, Pennsylvania
|
March 23, 1992
|
New York
|
$54,501,000
|
|
Columbia, South Carolina
|
March 26, 1999
|
Atlanta
|
$53,066,000
|
|
Memphis, Tennessee
|
December 16, 1946
|
Dallas
|
$105,233,000
|
|
Nashville, Tennessee
|
January 4, 1904
|
Dallas
|
$105,790,000
|
|
Houston, Texas
|
August 01, 1985
|
Dallas
|
$84,003,000
|
|
Danville, Virginia
|
September 08, 1919
|
Atlanta
|
$34,545,000
|
|
Milwaukee, Wisconsin
|
January 1, 1924
|
Chicago
|
$23,907,000
|