8 Trailblazing Women Then and Now - Page 4 of 7

8 Trailblazing Women Then and Now

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THEN: Maggie Lena Walker – First Female Bank President

  • As a volunteer with the International Order of St. Luke, a fraternal burial society, Maggie Walker saw an opportunity and formed the St. Luke Penny Savings Bank in 1903. Serving as the bank’s president until 1932, she was the first (known) woman president of a financial institution in the United States. This led to more self-help programs and philanthropic efforts for the society.
  • In 1931, in the midst of the Great Depression, Walker helped merge her bank with several other African-American banks, into the Consolidated Bank and Trust Co.