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Reconstruction Period Research Forum

St Luke Penny Savings Bank
In Response To: The Alabama Penny Savings Bank ()

When the St. Luke Penny Savings Bank opened in 1903, Walker became the first woman bank president in the United States. After federal regulations forced the bank to separate from the Independent Order of St. Luke, and the Great Depression led to bank mergers, Walker became chairman of the board of the Consolidated Bank and Trust Company, Richmond's only bank for blacks. By World War II, Consolidated was one of only six black-owned banks in the country. It still exists today

Messages In This Thread

The Alabama Penny Savings Bank
St Luke Penny Savings Bank

18 Dec 2002 :: 14 Nov 2008
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