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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.

What people are saying

4 thoughts on “10 of the Oldest Black-Owned Banks That Continue to Serve Their Communities

  1. We could create a national bank from the trillion dollars we're spending every year, outside our community. Black Unity is the solution, 3ufirst.com is the plan.

  2. I grew up in LA and I've never head of broadway fed bank, incredible I wish I would have known I surely would've supported it.

  3. Dee Smith says:

    I live in NYC can I open a savings account and if so how much do I need to start with.

  4. Dee Smith says:

    Do you have online banking?

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