Written by the Fiveable Content Team • Last updated August 2025
Verified for the 2027 exam
Verified for the 2027 exam•Written by the Fiveable Content Team • Last updated August 2025
Definition
Founded in 1904, the oldest continuously operating African American-owned bank in the United States, and the first African American-owned bank to become a member of the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve System.
AP course connection
Topic 3.9: 3.9 Black Organizations and Institutions