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5 Black-Owned Banks: Supporting Financial Empowerment in the Black Community




When it comes to financial empowerment, black-owned banks play a critical role in providing support to the Black community. These banks not only offer financial services but also promote economic growth by providing loans and supporting small businesses.

In this article, we will take a closer look at some of the best black-owned banks in the United States and highlight the benefits of banking with them.


1. OneUnited Bank

OneUnited Bank is the largest black-owned bank in the country, with branches in California, Florida, and Massachusetts. They offer a range of financial services, including personal and business banking, loans, and credit cards.

One of the unique benefits of banking with OneUnited is their dedication to financial literacy. They offer a variety of online resources, including financial education videos, webinars, and a financial literacy blog.


2. Broadway Federal Bank

Broadway Federal Bank has been serving the Los Angeles community for over 70 years. They offer personal and business banking, mortgages, and home equity loans.

In addition to their financial services, Broadway Federal Bank is committed to community development. They partner with local organizations to support affordable housing and promote economic development in low-income communities.





3. Carver Federal Savings Bank

Carver Federal Savings Bank has been serving the Harlem community for over 70 years. They offer personal and business banking, as well as loans and lines of credit.

Carver Federal Savings Bank is committed to community development and economic empowerment. They offer a variety of programs and services, including financial education classes, homeownership assistance, and business development resources.


4. Liberty Bank

Liberty Bank is a Connecticut-based bank that has been serving the community for over 25 years. They offer personal and business banking, mortgages, and loans. Liberty Bank is committed to supporting economic development in the communities they serve. They offer a variety of programs and services, including financial education classes, down payment assistance, and support for small businesses.







5.Industrial Bank

Industrial Bank has been serving the Washington, D.C. community for over 80 years. They offer personal and business banking, as well as loans and lines of credit. In addition to their financial services, Industrial Bank is committed to community development and economic empowerment. They offer a variety of programs and services, including financial education classes, support for small businesses, and community development initiatives.



Banking with a black-owned bank is not only a way to support economic empowerment in the Black community, but it is also a way to access high-quality financial services. The banks listed in this article are just a few of the many black-owned banks across the country that are committed to promoting economic growth and financial literacy. By choosing to bank with a black-owned bank, you can make a positive impact in your community while also receiving the financial services you need to achieve your goals.


HERE'S A LIST OF THE TOP 5 BLACK OWNED BANKS

  1. OneUnited Bank - https://www.oneunited.com/

  2. Carver Federal Savings Bank - https://www.carverbank.com/

These websites provide more information about each bank's services and mission, as well as contact information for their branches and customer support.



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