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**1847 Jan 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

18 Dec 2002 :: 14 Nov 2008
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