May 10th, 2009
Forged in Fire: The New Rules of Doing Business
Read more »
BanksDownload this list
2. OneUnited Bank
- 2009 Rank: 2 (Last Year: 2)
- Chief Executive(s): Kevin Cohee
- Business Type: bank
- Address: 110 Franklin St., Suite 600
Boston, MA 02110 - Staff: 110
- Year Started: 1982
- Website: http://www.oneunited.com
Financial Information
- Assets: $636.0
- Capital: $40.5
- Deposits: $388.0
- Loans: $370.0
OneUnited Bank is a U.S. Department of Treasury certified Community Development Financial Institution (CDFI). The commercial bank was established when four black-owned banks across Boston, Los Angeles, and Miami merged in 1982.
Today, with more than ten branches across the country, OneUnited is the second largest black-owned and managed bank in the country. The bank’s operations consist of real estate-based lending in the urban and low-to-moderate commercial and residential sectors.
For the past four consecutive years, OneUnited has received the highest Bank Enterprise Award (BAF) from the CDFI fund for its lending and investment activities in distressed communities.
Proud to be on the B.E. 100s?
Check out the Freshmen!
This is their first time on the B.E. 100s, but it doesn't appear that it'll be their last. Read more »Resources
Charts, graphs, and other useful resources.
