**1847 January 20- W.R. Pettiford is born. He will become the founder
of the Alabama Penny Savings Bank. The Alabama Penny Savings Bank
will be Alabama's first African American-owned bank and the
first of three banks in the nation, owned and operated by
African Americans in the early 1900s.

FROM: Today in Black History
http://maelstrom.stjohns.edu/archives/Munirah.html