The number of Black-owned banks in the U.S. has been dwindling, but recent regulatory changes and momentum to fight social injustice are creating some tailwinds for the minority depository institutions.

Since 2002, the number of Black-owned banks has fallen 47.5% to 21 as of March 31, according to an analysis by S&P Global Market Intelligence. However, the death of George Floyd while in police custody ignited nationwide protests against racism, and for some Black-owned banks, the focus on race and equality is translating to new business.

Copyright © 2015 - 2018 M&F Bank

You are now leaving M&F Bank

M&F Bank provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you link to another web site not maintained by M&F Bank, you are subject to the terms and conditions of that web site, including but not limited to its privacy policy.

You will be redirected to

Click the link above to continue or CANCEL