‘A lot of history:’ Florida’s first Black-owned bank symbol of Orlando neighborhood (2024)

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‘A lot of history:’ Florida’s first Black-owned bank symbol of Orlando neighborhood? ›

Axiom Bank is Florida's first Black-owned bank and over the decades, it has become a symbol of Orlando's Washington Shores neighborhood. For retired Orlando police officer Kevin Barnes, going to the bank and seeing so many familiar faces is like reuniting with family.

Axiom Bank is Florida's first Black-owned bank and over the decades, it has become a symbol of Orlando's Washington Shores neighborhood. For retired Orlando police officer Kevin Barnes, going to the bank and seeing so many familiar faces is like reuniting with family.

Jeff McGruder is the chief relationship officer for Citizens's Bank, founded in 1904 in Nashville to serve the African American community in the area. It is now the nation's oldest continuously Black-owned bank.

About Axiom Bank

At the time it was the first black-owned thrift established in Florida. The bank has evolved and grown over the years, adding more services like commercial lending and commercial banking.

The first Black-owned bank was the True Reformers Bank, which was chartered in 1888 by Rev. William Washington Browne, but which didn't open until 1889. The first Black-owned bank to officially open was Capital Savings Bank in October of 1888.

OneUnited is the largest Black-owned bank in the U.S. It is also FDIC insured and initially launched in 1968.

OneUnited Bank is the nation's largest Black-owned and FDIC-insured bank. It was established by combining Black-owned banks from across the country.

In August 2020, Los Angeles-based Broadway Federal Bank and Washington, D.C.-based City First Bank announced their merger. Executives stated the deal would create the nation's first Black-led bank with over $1 billion in assets.

Maggie Lena Walker was an African American entrepreneur and civic leader who broke traditional gender and discriminatory laws by becoming the first Black woman to establish and become president of a bank in the United States—the Saint Luke Penny Savings Bank in Richmond.

The Equal Credit Opportunity Act of 1974 gave every American woman, married or not, the right to open her own bank or credit account. It outlawed discrimination by both sex and race in banking. It is easy to forget today that this right has existed nationally for fewer than fifty years.

Who is the CEO of the Black-owned bank? ›

Kevin Cohee is the owner, Chairman and Chief Executive Officer of OneUnited Bank, the largest Black owned bank and the first Black owned internet bank in America. In the aftermath of the protest against police brutality in 2016, Mr.

Axiom Bank, N.A., headquartered in Central Florida, is a nationally chartered community bank that serves the financial needs of its customers through a wide range of financial products and services.

Maggie Lena Walker was an important African American leader. She broke unfair laws and became the first Black woman to start a bank in the nation. She was also the first Black woman to be the president of a bank. Walker's bank was called the Saint Luke Penny Savings Bank in Richmond.

Eugene Black (1898-1992)

Prior to being named World Bank President, Eugene Black served as U.S. Executive Director for the United States for two years (1893858; Credit: The World Bank).

Douglass invested $10,000 of his own money in the bank in an effort to instill confidence in the institution. Within only a few months, however, the grave condition of the financial institution became clear. In June 1874 Douglass recommended that Congress close the bank.

Carver Federal Savings Bank, opened under the leadership of M. Moran Weston in 1948, is the "largest black-owned financial institution" in the United States. RegusWachovia Global Equity Holding Group & Carver Bancorp, Inc. is its holding company. Carver Bancorp, Inc.

Built in 1841, the Union Bank is considered Florida's oldest surviving bank building. Originally opened as a “planter's bank” during the antebellum period, the building became home to the National Freedman's Savings and Trust Company following Emancipation.

The Bank of Finance, the first state-chartered, black-owned commercial bank in Los Angeles, California, was founded in 1964. The bank was established by Onie B. Granville, a local real estate broker.

The bank did not comply with several of the C&D Order provisions, as it did not effectively reduce adversely classified assets, originated additional brokered deposits, and failed to maintain specified capital levels.