The (Los Angeles) Bank of Finance (1964-1981)

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. Granville was frustrated by his real estate clients’ difficulties in obtaining home loans and the discriminatory practices they faced … Read MoreThe (Los Angeles) Bank of Finance (1964-1981)

Freedmen’s Savings and Trust Company (1865-1874)

The Freedmen’s Savings and Trust Company, commonly referred to as The Freedmen’s Bank, was incorporated on March 3, 1865.  It was created by the United States Congress along with the Freedmen’s Bureau to aid the freedmen in their transition from slavery to freedom. By late … Read MoreFreedmen’s Savings and Trust Company (1865-1874)