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10 of the Oldest Black-Owned Banks That Continue to Serve Their Communities

5241d7437ec2eBroadway Federal Bank FSB, Los Angeles

Broadway Federal Savings and Loan Association was founded in 1946 by a group of civic-minded men and women who wanted to serve Black consumers who were ignored by all of the existing financial institutions or forced into high-interest loans. Broadway continues to fulfill the mission of providing conventional loans and training for minorities who want to enter the industry. Assets: $385,055,000.

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