There are 21 African American owned banks with assets totaling approximately $4.7 billion in assets or approximately 0.43 percent of African America’s $1.1 trillion in buying power.
In 1994, there were 54 African American owned banks according to the FDIC. Now, there are 21.
Location: Birmingham, Alabama
Founded: January 28, 2000
FDIC Region: Atlanta
Assets: $35 404 000
Location: Los Angeles, California
Founded: February 26, 1947
FDIC Region: San Francisco
Assets: $385 055 000
CAPITAL CITY BANK & TRUST COMPANY
Location: Atlanta, Georgia
Founded: October 3, 1994
FDIC Region: Atlanta
Assets: $294 572 000
Location: Savannah, Georgia
Founded: January 1, 1927
FDIC Region: Atlanta
Assets: $41 573 000
