The Freedman's Saving and Trust Company, known as the Freedman's Savings Bank, was a private savings bank chartered by the U.S. Congress on March 3, 1865, to collect deposits from Black people, especially the formerly enslaved people in the South. The bank opened 37 branches across 17 states and Washington, D.C. within 7 years and collected funds from over 67,000 depositors.
The Freedman's Saving and Trust Company, known as the Freedman's Savings Bank, was a private savings bank chartered by the U.S. Congress on March 3, 1865, to collect deposits from Black people, especially the formerly enslaved people in the South. The bank opened 37 branches across 17 states and Washington, D.C. within 7 years and collected funds from over 67,000 depositors.
Source: Wikipedia "Freedman's Savings Bank" · CC BY-SA 4.0
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