bankblacklist.xlsx
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BANK BLACK USA
THE BANKS' SERVICES, IMPACT, & HEALTH ARE RATED ACCORDING TO THESE GRADES
* DLI is lending, DDI is deposit services, SBL is small business loans to minority communities
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BANKBLACKUSA.ORG
A - Outstanding B - Above Average C - Average D - Below Average F - Failing
** CRA ratings via http://apps.occ.gov/crasearch/default.aspx
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@BANKBLACKUSA
O - Outstanding S - Satisfactory U - Unsatisfactory
*** Health grades for banks' stability via depositaccounts.com
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BANKS RANKED BY ASSETS
PRODUCTS
SERVICES
COMMUNITY IMPACT & HEALTH
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Bank Information
Account TypeInt. Rate (APY)Min DepositHow to avoid fees/otherFeesATMs
Service/Online
MobileDLI*DDI*SBL*CRA**
Health***
Notes
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BLACK-OWNED BANKS (>50% OWNERSHIP)
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1ONEUNITED | oneunited.com
25K NAT.
AA85%67%1%SB+#BankBlackChallenge
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Established 1982E-style savings0.20% $ 100.00 $100 bal. or direct deposit $5/mo $20M #BB deposits reported
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6 branches - Boston / LA / MiamiE-gold savings0.4%-0.6% $ 1,000.00 $2,500 bal. or dir. dep. $3/mo
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98 EmployeesU2 E-checking (2nd chance)n/a $ 50.00 n/a $12/mo
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$648M Assests E-style checkingn/a $ 100.00 $500 bal. or dir. dep. $8/mo
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E-gold checking0.40% $ 500.00 $5,000 bal or dir. dep. $20/mo
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BEST FOR ONLINE/MOBILE BANKINGUnity Choice Business Savings? $ 1,000.00 $1,000 combined balances $10/mo
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Can open accounts onlineUnity Choice Business Checkingn/a $ 100.00 $1,000 combined balances $20/mo Change Q3'16 to Q4'16
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Business accounts avail. only in CA, FL, MA
Unity Small Business Checkingn/a $ 100.00 n/a n/a 646M Q3, +9M
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Visa credit cardvaries secured card only FDIC No 23966
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2LIBERTY | libertybank.net
LIMITED
BB-56%94%18%OBDetroit Revitalization Loans
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Established 1972Personal savings0.65% $ 50.00 $200 bal. $4/mo New Orleans after Katrina
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19 branches - New Orelans / Detroit / etc.Capital asset fund0.15% $ 2,500.00 $2,500 bal. $12/mo
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178 EmployeesPersonal checkingn/a $ 50.00 $500 bal. $10/mo
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$617M Assests Premium checking0.15% $ 50.00 $1,500 bal. $10/mo
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Corporate Savingsn/a$50 $200 bal., incl. 2 draw/mo $4/mo
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BEST SAVINGS ACCOUNT RATEEnterprise checking? $ 50.00 $1,000 bal. $12/mo Change Q3'16 to Q4'16
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Can open accounts onlineCorporate checkingn/a $ 50.00 n/a $12/mo 612M Q3, +13
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Visa credit card~10-18% $30/yr FDIC No 20856
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INDUSTRIAL BANK | industrial-bank.com
55K NAT.
AA69%100%18%OBYour next big moment
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Established 1934Statement savings0.10% $ 100.00 $200 bal. $3/mo $6M #BB deposits reported
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8 branches - Washington DC / MDKasasa savings0.35%-0.75% $ 25.00 12 debit tr. to get interest n/a
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116 EmployeesPersonal checkingn/a $ 25.00 $500 bal. $8/mo
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$545M Assests Go green checkingn/a $ 25.00 dir. dep. $5/mo
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Kasasa checking0.01%-2.5% $ 25.00
12 debit tr. to get 2.5% interest
n/a
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BEST KASASA/NOW CHECKING RATESInterest checking 0.05% $ 25.00 $2,000 bal. $10/mo
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Can open accounts onlineBusiness savings0.10% $ 100.00 $500 bal. $5/mo
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Enterprise checkingn/a $ 25.00 $2,000 bal. $12/mo Change Q3'16 to Q4'16
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Non-profit/org checkingn/a $ 25.00 $1,000 bal. $8/mo
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Business interest checking? $ 25.00 $2,500 bal. $15/mo 389M Q3, -6M
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Publicly-traded Stock: IBWCCredit cardsvariesFDIC No 14679
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4CITIZENS TRUST | ctbconnect.com
LIMITED
BB+58%100%19%OA#BankBlack leader w/ Killer Mike
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Established 1921Personal savings0.05% $ 100.00 $200 bal. $4/mo CT pays back TARP funds
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10 branches - Atlanta / GA / ALMoney market0.15% $ 1,000.00 $2,500 bal. $10/mo
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97 EmployeesDirect checkingn/a $ 50.00 dir. dep. required n/a
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$407M Assests Flat fee checkingn/a $ 50.00 n/a $10/mo
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Regular checkingn/a $ 50.00 $1,000 bal.
$0.30/trans.
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BEST CREDIT CARD RATESPersonal interest checking0.03% $ 1,000.00 $2,000 bal. $10/mo
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Can open accounts onlineCommercial savings0.05% $ 1,000.00 $100 bal. $8/mo
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Business free checking (sole prop.)
n/a $ 100.00 max $5,000 cash tr./mo n/a Change Q3'16 to Q4'16
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Small business checkingn/a $ 100.00 $2,500 bal. $12/mo 406M Q3, -11M
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Black-owned member of the Federal Reserve
Nonprofit checkingn/a $ 100.00 max $5,000 cash tr./mo n/a
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Publicly-traded Stock: CZBSVisa credit card~8.25-10% n/a FDIC No 8033
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5M&F BANK | mfbonline.com
LIMITED
B-B+94%88%29%OA#BankBlackCharlotte
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Established 1908Regular savings0.02% $ 100.00 $200 bal. $6/mo
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7 branches - Durham / NCMoney market account0.04 $ 2,500.00 $5,000 bal. $25/mo
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64 EmployeesGratis checkingn/a $ 25.00 n/a n/a
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$265M Assests Everyday checkingn/a $ 100.00 n/a $10/mo
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Interest checking0.05% $ 100.00 $2,000 bal. $12/mo
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NC residents can open accounts onlinePrestige checking0.05% $ 100.00 $2,500 bal. $15/mo
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Statement savings? ? ? ?
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BEST BUSINESS CREDIT CARDSCommercial checkingn/a $ 500.00 n/a $14/mo Change Q3'16 to Q4'16
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Nonprofit checkingn/a $ 100.00 $500 bal. $6/mo
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Economy commercial checkingn/a $ 250.00 $2,500 bal. $12/mo 310M Q3, -54M
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Publicly-traded Stock: MFBPCredit cards~10-15% varies FDIC No 12266
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6HARBOR | theharborbank.com
55K NAT.
BC52%86%27%SC+
Community development in East Baltimore
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Established 1982Statement savings0.15% $ 100.00 $100 bal. $3/mo $10M #BB deposits reported
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7 branches - Baltimore / MDMoney market account? $ 2,500.00 $2,500 bal. $25/mo
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68 EmployeesNo hassle checkingn/a $ 100.00 n/a $1/mo
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$253M Assests NOW checking0.05% $ 1,000.00 $1,000 bal. $15/mo
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Business statement savings0.15% $ 100.00 $100 bal. $3/mo Change Q3'16 to Q4'16
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DMV area residents can open accounts online
Choice checkingn/a $ 100.00 $3,000 bal.
$0.3/trans.
249M Q3, +17M
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Commercial checkingn/a $ 100.00 n/a $10/mo FDIC No 24015
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1ST INDEPENDENCE | firstindependence.com
LIMITED
CB41%100%35%SBKiko Davis heads Black-owned bank
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Established 1970First Savings? ? ? ?
UAW-Ford deposits $1.5 Million at First Independence
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3 branches - Detroit / MIFirst Money Market? ? ? ? $1.7M #BB deposits reported
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92 EmployeeseCampus Checking? ? ? ?
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$228M Assests MMDA savings? ? ? ?
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Business Savings? ? ? ? Change Q3'16 to Q4'16
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Business Checking? ? ? ? 236M Q3, -1M
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Must open business accounts at a branch
Loans, Credit Cards, Personal Loans
?FDIC No 20179
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8GN BANK | gnbank.net
55K NAT.
C+B-100%50%21%SAAfrican investment partners
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Established 1934Statement savings0.15% $ 100.00
$250 bal., $500 bal. to get int.
$7/mo $City of Chicago deposits $20M
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2 branches - Chicago / ILStatement savings0.20% $ 100.00
$250 bal., $1,000 bal. to get int.
$7/mo $4M #BB deposits reported
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36 EmployeesHoliday/Vacation savings0.15% $ 50.00 $50 bal. ?
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$112M Assests Free checkingn/a $ 100.00 $100 bal. any day n/a Change Q3'16 to Q4'16
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Retail checking0%-0.1% $ 100.00 $100 bal. any day $15/mo
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Renaissance checking (retirees/SS)
? $ 100.00 $100 bal. any day $7/mo 105M Q3, -1M
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Can open accounts online / by mailCar Loans6.25%-7.0%FDIC No 29399
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9CITIZENS BANK | bankcbn.comREIMB.DN/A60%100%49%SB
Event aims to support black-owned banks
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Established 1904Classic Savings? ? ? ? Coolest Black Family in America
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3 branches - Nashville / Memphis / TNRegular Checking? ? ? ?
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