Still Standing: These Are The Oldest Black-Owned Businesses In The U.S.

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Carver Federal Savings Bank

Harlem, NY

Founded in 1948

Website

Woman using ATM machine

Source: South_agency / Getty

Carver Federal Savings Bank is one of the largest Black-owned banks in the U.S., with seven full-service branches, and a total of 80,000 ATMs nationwide, courtesy of a partnership with Allpoint, J.P. Morgan Chase and Wells Fargo.

The bank was founded by several local Harlem business owners who were tired of the bigger city banks denying funding to Harlem residents. They started the bank as a way to help build up the Harlem community, and to this day, donate a large portion of every dollar deposited to the local community.

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