Back ground and History of Black-Owned Banking Institutions

Back ground and History of Black-Owned Banking Institutions

Black-owned banking institutions don’t occur until significantly more than a hundred years following the Bank of the united states first launched its doorways.

Before the chartering for the first bank that is black-owned 1888, Congress and President Lincoln established the Freedman’s Savings Bank in 1865. This institution was designed to help newly freed African Americans navigate the U.S. Continue reading “Back ground and History of Black-Owned Banking Institutions”