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BLACKFACTS

Black Facts highlights documented examples of Black economic innovation, institution-building, and leadership throughout U.S. history. ABEP shares this information to affirm what has always existed: a legacy of excellence, ownership, and self-determination. These facts ground our work in truth, strengthen economic awareness, and remind us that building power today is a continuation of what Black people have been doing for generations.

In 1907...

Mechanics and Farmers Bank (Durham, NC) opened as part of the ecosystem that anchored Durham’s “Black Wall Street.”

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In 1918...

First credit union established by Black North Carolinians was founded in Rowan County, NC; eight more were established by 1920.

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Segments in History of Black Wealth Building

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Architects of Black Progress

Highlighting some of the people and institutions whose vision, courage, and leadership laid the groundwork for Black economic power.

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1888: Capital Savings Bank (Washington, DC)

Is cited as the first bank organized and operated by African Americans.

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