In 2017, about 17% of Black Americans didn’t have a bank account, compared to just 3% of White Americans, according to an FDIC study. There are only 23 minority-owned banks in the US today.

Black women, like Jacobs, account for just more than 4% of all management jobs among six of the largest U.S. banks, according to employment records obtained and compiled by USA TODAY.

OneUnited Bank, the largest Black-owned bank in the U.S., is a bank for Blacks and their allies—and also a bank that sees itself as unapologetically activist.

On April 11, 2022, Pugh went to Fifth Third Bank in Livonia, Michigan, to open a savings account and deposit her winnings into a newly created account, according to court documents.

White Americans have an average transaction account balance of $80,000, while Black Americans hold $13,370 and Hispanic Americans have $15,710 in the bank. Bank account balances have hardly ...

Silicon Valley Bank earned mostly good reviews from entrepreneurs of color who recalled strained alliances with the financial industry. The collapse has struck some as a potentially lasting setback.

Rev. William Washington Browne, a former slave and Union Army officer from Georgia, founded the first Black-owned bank in America—True Reformers Bank—on March 2, 1888.