Formerly Illinois Service Federal Bank - now GN Bank

Address:  4619 S King Dr, Chicago, IL 60653
Web: https://www.gnbank.net/

Thirteen African-American men, and their many supporters, had a dream to establish a savings and loan association sensitive to the needs of Black residents of Chicago. The story begins in the early 1930's when it was all but impossible for people of color to obtain mortgage loans. There has always been an undeniable connection between "where" one lives and "how" one lives. As a rule, access to quality housing and a good neighborhood also translates to improved educational and employment opportunities. In the 30's, the future looked quite bleak due to a lack of access to better housing for Black citizens. However, "No" was not an option the founders of Illinois Service Federal were willing to accept.

---

To be featured: Get Black Listed

BANKING, FINANCE & INSURANCE CO

Banking Black is one of the most important economic decisions we can make.  Not only should we Bank-Black, but we must fully utilize the services at the bank.  In doing so, we provide a means for business and community funding both of which are the combined nucleus of our communities.   In order to be listed in our directory the bank must have at least 51 percent African American ownership.  Click on the bank's name to visit their website & find branches.   African American bank assets saw a 1.2 percent decrease or net loss of approximately $57 million in assets in 2015.  There has not been an AAOB started in 16 years.

---

BANKS
(Online) One United Bank

ALABAMA
ALAMERICA BANK
Location: Birmingham, Alabama
Founded: January 28, 2000
FDIC Region: Atlanta
Assets: $35 476 000
Asset Change (2015): Down 13.4%

COMMONWEALTH NATIONAL BANK
Location: Mobile, Alabama
Founded: February 19, 1976
FDIC Region: Atlanta
Assets: $56 501 000
Asset Change (2015): Down 3.8%

CALIFORNIA
BROADWAY FEDERAL BANK FSB
Location: Los Angeles, California
Founded: February 26, 1947
FDIC Region: San Francisco
Assets: $402 902 000
Asset Change (2015): Up 16.6%

DISTRICT OF COLUMBIA
INDUSTRIAL BANK
Location: Washington, DC
Founded: August 18, 1934
FDIC Region: New York
Assets: $388 951 000
Asset Change (2015): Up 6.5%

GEORGIA
CARVER STATE BANK
Location: Savannah, Georgia
Founded: January 1, 1927
FDIC Region: Atlanta
Assets: $42 174 000
Asset Change (2015): Down 2.5%

CITIZENS TRUST BANK
Location: Atlanta, Georgia
Founded: June 18, 1921
FDIC Region: Atlanta
Assets: $387 897 000
Asset Change (2015): Down 3.2%

ILLINOIS
LIBERTY BANK & TRUST COMPANY
Location: Chicago, Illinois/ New Orleans, Louisiana
Founded: November 16, 1972
FDIC Region: Dallas
Assets: $604 163 000
Asset Change (2015): Up 9.4%

LOUISIANA
LIBERTY BANK & TRUST COMPANY
Location: New Orleans, Louisiana
Founded: November 16, 1972
FDIC Region: Dallas
Assets: $604 163 000
Asset Change (2015): Up 9.4%

MARYLAND
HARBOR BANK OF MARYLAND
Location: Baltimore, Maryland
Founded: September 13, 1982
FDIC Region: New York
Assets: $285 246 000
Asset Change (2015): Up 22.1%

MASSACHUSETTS
ONEUNITED BANK
Location: Boston, Massachusetts
Founded: August 02, 1982
FDIC Region: New York
Assets: $648 615 000
Asset Change (2015): Up 4.6%

MICHIGAN
FIRST INDEPENDENCE BANK
Location: Detroit, Michigan
Founded: May 14, 1970
FDIC Region: Chicago
Assets: $216 821 000
Asset Change (2015): Down 12.3%

NORTH CAROLINA
MECHANICS & FARMERS BANK
Location: Durham, North Carolina
Founded: March 01, 1908
FDIC Region: Atlanta
Assets: $298 014 000
Asset Change (2015): Up 3.0%

PENNSYLVANIA
UNITED BANK OF PHILADELPHIA
Location: Philadelphia, Pennsylvania
Founded: March 23, 1992
FDIC Region: New York
Assets: $59 001 000
Asset Change (2015): Down 2.5%

TENNESSEE
CITIZENS SAVINGS B&T COMPANY
Location: Nashville, Tennessee
Founded: January 4, 1904
FDIC Region: Dallas
Assets: $104 060 000
Asset Change (2015): Up 5.1%

TEXAS
UNITY NB OF HOUSTON
Location: Houston, Texas
Founded: August 01, 1985
FDIC Region: Dallas
Assets: $83 327 000
Asset Change (2015): Up 10.3%

WISCONSIN
COLUMBIA SAVINGS & LOAN ASSOCIATION 
Location: Milwaukee, Wisconsin
Founded: January 1, 1924
FDIC Region: Chicago
Assets: $23 684 000
Asset Change (2015): Down 2.7%

INVESTMENT BANKING/BROKERS
Loop Capital Markets, LLC
MGK Risk and Insurance Services, Inc.
The Williams Capital Group, LP

CAPITAL LEASING/FINANCE
INSURANCE/COLLECTIONS
BJW Insurance Services, LLC
Brass Knuckle Finance
Cadence Leasing Inc.
Clemons Business Group, LLC
Decal Financial Management
FIS Group, Inc.
G & C Equipment Corporation
Mar Vista Investment Partners, LLC
Mitchell & Titus, LLP
National Insurance Consultants, Inc.
Nella Insurance Services Inc
Pacific Rim Capital, Inc.
SL Hare Capital, Inc.
Stinson Securities, LLC