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Black Owned Banks: All 24 on the Federal List

Every bank the FDIC counts as Black or African American, plus how to find one or a credit union near you.

Checked November 1, 2026 · The Newsroom

Black owned banks are few enough to list on one page: the FDIC's list dated June 30, 2026 shows 24 Black or African American banks.

Those 24 are not all the same. The FDIC marks 17 as Black or African American owned. It marks the other 7 as having a majority African American board and serving a minority community. Under the FDIC's definition, a minority institution either has at least 51 percent of its voting stock owned by minority individuals, or has a minority majority board and serves a mostly minority community.

The full list

The city is the headquarters. The year is the FDIC's established date.

Bank	City	Since	Status
Adelphi Bank	Columbus, OH	2023	Board
BHM Bank	Birmingham, AL	2000	Owned
Carver Federal Savings Bank	New York, NY	1948	Board
Carver State Bank	Savannah, GA	1927	Owned
Citizens Savings Bank and Trust Company	Nashville, TN	1904	Owned
Citizens Trust Bank	Atlanta, GA	1921	Owned
City First Bank	Washington, DC	1998	Board
Columbia Savings and Loan Association	Milwaukee, WI	1924	Board
Commonwealth National Bank	Mobile, AL	1976	Owned
First Independence Bank	Detroit, MI	1970	Owned
First Security Bank and Trust Company	Oklahoma City, OK	1951	Owned
GN Bank	Chicago, IL	1934	Owned
Grand Bank for Savings	Hattiesburg, MS	1968	Owned
The Harbor Bank of Maryland	Baltimore, MD	1982	Board
Industrial Bank	Washington, DC	1934	Owned
Liberty Bank and Trust Company	New Orleans, LA	1972	Owned
Mechanics & Farmers Bank	Durham, NC	1908	Owned
OneUnited Bank	Boston, MA	1982	Owned
Optus Bank	Columbia, SC	1999	Owned
Redemption Bank	Salt Lake City, UT	1974	Owned
Tioga-Franklin Savings Bank	Philadelphia, PA	1873	Board
United Bank of Philadelphia	Philadelphia, PA	1992	Owned
Unity National Bank of Houston	Houston, TX	1985	Owned
Warsaw Federal Savings and Loan Association	Cincinnati, OH	1893	Board

How to find black owned banks near me

The FDIC's list page has an interactive map of headquarters and branches, which is the fastest way to see what is close to you. Then check the bank's own site for branch hours and accounts. If nothing is near you, ask about opening an account online.

Is your money safe?

An FDIC-insured bank covers at least $250,000 per depositor at each bank in checking, savings, money market deposit accounts and certificates of deposit. Stocks, bonds, mutual funds and crypto are not covered. Minority status does not change that.

What about Black credit unions?

Credit unions are on a separate list. The National Credit Union Administration's list, dated June 30, 2026, shows 448 federally insured minority credit unions. Black Americans appear in the category for 314 of them, and are the only group listed for 197. The NCUA test looks at a credit union's members, its board and the community it serves, not at who owns it. Credit unions belong to their members, and some on the list are tied to one church or one workplace, so check who can join.

Why these banks matter

We have been here before. Congress incorporated the Freedman's Savings and Trust Company in 1865, and when it closed in 1874 it left 61,144 depositors with losses of nearly $3 million. Today's deposits carry federal insurance. The lesson that stayed is that we need institutions of our own, and they only last if we use them.

See why it matters: the Black wealth gap →

This guide is general information, not legal or financial advice. Programs change, so confirm the terms with the program itself before you act.

Sources

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