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Feb 9, 2023 · OneUnited, the largest Black-owned bank in the U.S., manages around $625 million in assets. In comparison, Bank of America manages nearly $2.5 trillion. Who Owned the First Black Bank?
The following table lists the 100 largest bank holding companies in the United States ranked by total assets of December 31, 2023 per the Federal Financial Institutions Examination Council; their market capitalization is also shown.
At Bank of America, for instance, the share of racial minorities in the total workforce increased two percent between 2019 and 2021, while at PNC Financial Services, it increased almost five ...
Nov 2, 2021 · Compared with white-owned banks, minority-owned banks are more likely to rely more heavily on government deposits, and therefore hold fewer loans and more liquid assets ( Price, 1990 ).
Feb 3, 2021 · At the end of the second quarter, the combined total assets of all Black-owned banks reached $5.45 billion. For comparison, the total number of commercial banks in the U.S. exceeds 5,000, and the largest bank in the country—JPMorgan Chase & Co.—has assets totaling $2.8 trillion.
Jul 16, 2020 · There are only 21 of them in the United States. A decade ago, there were 36. Collectively, these Black-owned banks control just $4.8 billion, which is less than 1% of this nation's banking assets.
Mar 20, 2024 · Black-owned banks and credit unions provide access to capital for majority-Black communities. To find a bank that might be a good match, check out our list.
