Freedman’s Saving and Trust Company was in operation from 1865 and 1874. According to Wikipedia, the savings bank was formed “specifically as a depository for African-American veterans, ex-slaves and their families to build their savings.” The bank was established and headquartered in New York. However, its first branch was opened in Washington D.C.
At one time, The Freedman’s Saving Bank had 9 branches in 12 states. Frederick Douglass was the last president of the bank before it closed.
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