In an update to a story we first reported on two years ago, the 24th black-owned bank, Redemption Bank, Salt Lake City, UT, is no longer a dream, but a reality. The announcement was made, appropriately enough, on June 19th, 2025. Let the dream of economic equality come to fruition.
A list of all other minority banks, as of year-end 2024, can be found below.
Redemption and the Dream of Economic Equality
In 2023, we reported on a Black-led investor group founded by Mr. Ashley Bell, that had announced plans to acquire a non-minority bank, namely, the $65.7 million asset 5-Star Holladay Bank & Trust, Salt Lake City, UT (see blog post). For background, Mr. Bell had worked as an SBA regional Administrator under the first Trump administration, then moved on to help create the National Black Bank Foundation (NBBF): a place for Black-owned banks to access financing.
Mr. Bell found a willing and capable partner—Dr. Bernice A. King, daughter of the late, great, Dr. Martin Luther King, Jr. Bernice King is intent on honoring her father’s call to accelerate financial inclusion by supporting Black banks in what he called the “bank-in movement”.
Appropriately enough, completion of this historic acquisition was announced on Juneteenth (6/19/2025) although the deal was actually completed ten days earlier. The new bank, which will be called Redemption Bank, is just the 24th Black-owned bank operating in the United States; it is the first Black-owned bank between Houston and Los Angeles; and notably, It is the first Black-owned bank in U.S. History “not physically located within an economically vulnerable community.” Dr. King believes, “Redemption will help deliver on my father’s dream of Economic Equality.”
There are currently 151 minority-owned FDIC-insured U.S. Banks. Of those, as of year-end 2024, only 23 were Black (or African-American) owned. All 151 are listed below, alphabetically by state. The minority Ownership Type is noted to the right and a hyperlink will take you to see the Bauer Star-Rating for each.
Certificate # | Bank Name | City | STATE | Minority Status by Ownership Type |
35314 | Alamerica Bank | Birmingham | AL | Black or African American |
22229 | Commonwealth National Bank | Mobile | AL | Black or African American |
57444 | American Continental Bank | City Of Industry | CA | Asian or Pacific Islander American |
58469 | American Plus Bank NA | Arcadia | CA | Asian or Pacific Islander American |
33013 | Asian Pacific National Bank | San Gabriel | CA | Asian or Pacific Islander American |
59296 | Bank Irvine | Irvine | CA | Multi-racial American |
26610 | Bank of Hope | Los Angeles | CA | Asian or Pacific Islander American |
20387 | Bank of the Orient | San Francisco | CA | Asian or Pacific Islander American |
24211 | Bank of Whittier N.A. | Whittier | CA | Asian or Pacific Islander American |
58037 | California Business Bank | Irvine | CA | Asian or Pacific Islander American |
57974 | California International Bank N.A. | Westminster | CA | Asian or Pacific Islander American |
23242 | California Pacific Bank | Hayward | CA | Asian or Pacific Islander American |
18503 | Cathay Bank | Los Angeles | CA | Asian or Pacific Islander American |
57417 | Commercial Bank of California | Irvine | CA | Hispanic American |
57873 | Commonwealth Business Bank | Los Angeles | CA | Asian or Pacific Islander American |
26363 | Community Commerce Bank | Claremont | CA | Hispanic American |
19416 | CTBC Bank Corp. (USA) | Los Angeles | CA | Asian or Pacific Islander American |
31628 | East West Bank | Pasadena | CA | Asian or Pacific Islander American |
32277 | Eastern International Bank | Los Angeles | CA | Asian or Pacific Islander American |
34010 | Evertrust Bank | City Of Industry | CA | Asian or Pacific Islander American |
34496 | First Commercial Bank USA | Alhambra | CA | Asian or Pacific Islander American |
58060 | First General Bank | Rowland Heights | CA | Asian or Pacific Islander American |
33103 | Gateway Bank F.S.B. | Oakland | CA | Asian or Pacific Islander American |
59245 | Genesis Bank | Newport Beach | CA | Multi-racial American |
24170 | Hanmi Bank | Los Angeles | CA | Asian or Pacific Islander American |
59314 | Icon Business Bank | Riverside | CA | Multi-racial American |
59204 | Legacy Bank | Murrieta | CA | Native American or Alaskan Native American |
58401 | Mega Bank | San Gabriel | CA | Asian or Pacific Islander American |
25869 | Metropolitan Bank | Oakland | CA | Asian or Pacific Islander American |
23749 | Mission National Bank | San Francisco | CA | Asian or Pacific Islander American |
23086 | New Omni Bank N.A. | Alhambra | CA | Asian or Pacific Islander American |
57944 | Open Bank | Los Angeles | CA | Asian or Pacific Islander American |
58234 | Pacific Alliance Bank | San Gabriel | CA | Asian or Pacific Islander American |
57463 | PCB Bank | Los Angeles | CA | Asian or Pacific Islander American |
33539 | Preferred Bank | Los Angeles | CA | Asian or Pacific Islander American |
58816 | Royal Business Bank | Los Angeles | CA | Asian or Pacific Islander American |
23805 | United Pacific Bank | City Of Industry | CA | Asian or Pacific Islander American |
30722 | Universal Bank | West Covina | CA | Asian or Pacific Islander American |
58310 | US Metro Bank | Garden Grove | CA | Asian or Pacific Islander American |
27026 | Native American Bank N.A. | Denver | CO | Native American or Alaskan Native American |
34352 | City First Bank N.A. | Washington | DC | Black or African American |
14679 | Industrial Bank N.A. | Washington | DC | Black or African American |
57931 | Anchor Bank | Palm Beach Gardens | FL | Hispanic American |
57815 | Banesco USA | Miami | FL | Hispanic American |
58377 | Central Bank | Tampa | FL | Asian or Pacific Islander American |
31823 | Interamerican Bank a FSB | Miami | FL | Hispanic American |
24823 | International Finance Bank | Miami | FL | Hispanic American |
24156 | Ocean Bank | Miami | FL | Hispanic American |
34643 | Sunstate Bank | Miami | FL | Hispanic American |
57369 | U.S. Century Bank | Miami | FL | Hispanic American |
58584 | American Pride Bank | Macon | GA | Asian or Pacific Islander American |
16584 | Carver State Bank | Savannah | GA | Black or African American |
8033 | Citizens Trust Bank | Atlanta | GA | Black or African American |
58413 | Embassy National Bank | Lawrenceville | GA | Asian or Pacific Islander American |
34998 | First IC Bank | Doraville | GA | Asian or Pacific Islander American |
59182 | Loyal Trust Bank | Johns Creek | GA | Asian or Pacific Islander American |
58181 | Metro City Bank | Doraville | GA | Asian or Pacific Islander American |
58657 | PromiseOne Bank | Duluth | GA | Asian or Pacific Islander American |
58687 | Touchmark National Bank | Alpharetta | GA | Asian or Pacific Islander American |
20884 | Bank of Guam | Hagatna | GU | Asian or Pacific Islander American |
30692 | BankPacific Ltd. | Hagatna | GU | Asian or Pacific Islander American |
25158 | Finance Factors Ltd. | Honolulu | HI | Asian or Pacific Islander American |
18296 | Hawaii National Bank | Honolulu | HI | Asian or Pacific Islander American |
252 | Pinnacle Bank | Marshalltown | IA | Native American or Alaskan Native American |
34334 | American Metro Bank | Chicago | IL | Asian or Pacific Islander American |
10843 | Citizens Bank of Chatsworth | Chatsworth | IL | Asian or Pacific Islander American |
29399 | GN Bank | Chicago | IL | Black or African American |
33708 | International Bank of Chicago | Chicago | IL | Asian or Pacific Islander American |
58348 | Millennium Bank | Des Plaines | IL | Asian or Pacific Islander American |
13959 | CBW Bank | Weir | KS | Asian or Pacific Islander American |
20856 | Liberty Bank and Trust Company | New Orleans | LA | Black or African American |
57134 | Leader Bank N.A. | Arlington | MA | Asian or Pacific Islander American |
23966 | OneUnited Bank | Boston | MA | Black or African American |
24015 | Harbor Bank of Maryland | Baltimore | MD | Black or African American |
20179 | First Independence Bank | Detroit | MI | Black or African American |
17122 | Lake Country Community Bank | Morristown | MN | Asian or Pacific Islander American |
1417 | Woodlands National Bank | Hinckley | MN | Native American or Alaskan Native American |
57884 | Paramount Bank | Hazelwood | MO | Multi-racial American |
34146 | People's Bank of Seneca | Seneca | MO | Native American or Alaskan Native American |
31864 | Grand Bank for Savings FSB | Hattiesburg | MS | Black or African American |
58282 | Eagle Bank | Polson | MT | Native American or Alaskan Native American |
20568 | Lumbee Guaranty Bank | Pembroke | NC | Native American or Alaskan Native American |
12266 | Mechanics & Farmers Bank | Durham | NC | Black or African American |
58586 | Turtle Mountain State Bank | Belcourt | ND | Native American or Alaskan Native American |
26790 | Hana Bank USA N.A. | Fort Lee | NJ | Asian or Pacific Islander American |
35151 | New Millennium Bank | Fort Lee | NJ | Asian or Pacific Islander American |
19904 | Centinel Bank of Taos | Taos | NM | Hispanic American |
16854 | Community 1st Bank Las Vegas | Las Vegas | NM | Hispanic American |
32257 | Abacus Federal Savings Bank | New York | NY | Asian or Pacific Islander American |
27267 | Amerasia Bank | Flushing | NY | Asian or Pacific Islander American |
30394 | Carver Federal Savings Bank | New York | NY | Black or African American |
25749 | Eastbank N.A. | New York | NY | Asian or Pacific Islander American |
58263 | Global Bank | New York | NY | Asian or Pacific Islander American |
58203 | NewBank | Flushing | NY | Asian or Pacific Islander American |
59154 | Piermont Bank | New York | NY | Multi-racial American |
31189 | Ponce Bank | Bronx | NY | Hispanic American |
34967 | Popular Bank | New York | NY | Hispanic American |
33188 | Shinhan Bank America | New York | NY | Asian or Pacific Islander American |
23373 | United Orient Bank | New York | NY | Asian or Pacific Islander American |
24920 | Woori America Bank | New York | NY | Asian or Pacific Islander American |
59292 | Adelphi Bank | Columbus | OH | Black or African American |
28217 | Warsaw Federal Savings and Loan Association | Cincinnati | OH | Black or African American |
4051 | AllNations Bank | Calumet | OK | Native American or Alaskan Native American |
57915 | Bank of Grand Lake | Grove | OK | Hispanic American |
2320 | Carson Community Bank | Stilwell | OK | Native American or Alaskan Native American |
11521 | Chickasaw Community Bank | Oklahoma City | OK | Native American or Alaskan Native American |
12761 | F&M Bank | Edmond | OK | Native American or Alaskan Native American |
17001 | First Security Bank and Trust Company | Oklahoma City | OK | Black or African American |
14331 | FirstBank | Antlers | OK | Native American or Alaskan Native American |
15118 | Gateway First Bank | Jenks | OK | Native American or Alaskan Native American |
2327 | Local Bank | Hulbert | OK | Native American or Alaskan Native American |
4173 | Pauls Valley National Bank | Pauls Valley | OK | Native American or Alaskan Native American |
8980 | Security State Bank of Oklahoma | Wewoka | OK | Native American or Alaskan Native American |
25738 | Sovereign Bank | Shawnee | OK | Native American or Alaskan Native American |
34759 | Asian Bank | Philadelphia | PA | Asian or Pacific Islander American |
33802 | Tioga-Franklin Savings Bank | Philadelphia | PA | Black or African American |
33568 | United Bank of Philadelphia | Philadelphia | PA | Black or African American |
34968 | Banco Popular de Puerto Rico | San Juan | PR | Hispanic American |
30387 | FirstBank Puerto Rico | San Juan | PR | Hispanic American |
59324 | Nave Bank | San Juan | PR | Hispanic American |
31469 | Oriental Bank | San Juan | PR | Hispanic American |
35241 | Optus Bank | Columbia | SC | Black or African American |
10319 | Citizens Savings Bank and Trust Company | Nashville | TN | Black or African American |
21567 | American Bank N.A. | Dallas | TX | Asian or Pacific Islander American |
34656 | American First National Bank | Houston | TX | Asian or Pacific Islander American |
26727 | Bank of South Texas | Mcallen | TX | Hispanic American |
22657 | Citizens State Bank | Roma | TX | Hispanic American |
23772 | Commerce Bank | Laredo | TX | Hispanic American |
26856 | Falcon International Bank | Laredo | TX | Hispanic American |
11175 | First State Bank | Abernathy | TX | Native American or Alaskan Native American |
18301 | First State Bank | Shallowater | TX | Asian or Pacific Islander American |
17881 | Freedom Bank | Alamo | TX | Hispanic American |
11570 | Global One Bank | Houston | TX | Asian or Pacific Islander American |
26223 | Golden Bank N.A. | Houston | TX | Asian or Pacific Islander American |
25679 | International Bank of Commerce | Brownsville | TX | Hispanic American |
19629 | International Bank of Commerce | Laredo | TX | Hispanic American |
24961 | International Bank of Commerce | Zapata | TX | Hispanic American |
24347 | Lone Star National Bank | Pharr | TX | Hispanic American |
57901 | One World Bank | Dallas | TX | Asian or Pacific Islander American |
25886 | Rio Bank | McAllen | TX | Hispanic American |
34319 | Southwestern National Bank | Houston | TX | Asian or Pacific Islander American |
26708 | Spectra Bank | Fort Worth | TX | Asian or Pacific Islander American |
27074 | State Bank of Texas | Irving | TX | Asian or Pacific Islander American |
3337 | Texas National Bank | Mercedes | TX | Hispanic American |
26351 | Unity National Bank of Houston | Houston | TX | Black or African American |
20845 | Wallis Bank | Wallis | TX | Asian or Pacific Islander American |
18454 | Zapata National Bank | Zapata | TX | Hispanic American |
58407 | UniBank | Lynnwood | WA | Asian or Pacific Islander American |
34052 | Bay Bank | Green Bay | WI | Native American or Alaskan Native American |
28480 | Columbia Savings and Loan Association | Milwaukee | WI | Black or African American |