May 11, 2009
2. OneUnited Bank
OneUnited Bank is a U.S. Department of Treasury certified Community Development Financial Institution (CDFI).Â 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.Â 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.