About State bank of lincoln
Award-Winning Community Banking We are proud to be a community bank, YOUR Community Bank! Thank you for choosing us to be your bank. We know you have many options when it comes to choosing your financial services provider and we are grateful for your trust and your business. It is because of your support and those of so many just like you throughout our Central Illinois, Northeast Missouri, and Southwest Florida communities that we are able to continue to grow to serve more than a quarter million customers - individuals, families, businesses, and organizations of all sizes. Being your community bank is our mission, our passion, and our honor! At United Community Bank, we are proud to be Your Local Community Bank! Community Banking at UCB Banks | 2024 By the Numbers Community Development Investments $14 Million Community Organizations Supported 492 Qualified Employee Service & Volunteer Hours 793 Hours Employees from Our Local Communities 597 Community Development Loans $183 Million "Best Bank" & More Awards as Voted by Our Communities 21 Awards & Recognition | Thank You for Your Support & Votes 14-Time Best Bank Winner by State Journal-Register Readers State Journal-Register (Springfield, IL) Readers’ Choice AwardsUnited Community Bank 14-Time Best Bank Winner 13-Time Best Financial Planning Winner, Tate Jones 10-Time Best Place to Work Winner 8-Time Best Insurance Agent Winner, Missy Haley 9-Time Best Mortgage Lender Winner 6-Time Best Locally Owned Business Winner 3-Time Best Eco-Friendly/Green Business Winner 2-Time Best Overall Leadership 9-Time Best Bank Winner by Herald-Whig Readers Herald-Whig (Quincy, IL) Readers’ Choice AwardsMercantile Bank 9-Time Best Bank Winner 9-Time Best Mortgage Lender Winner 9-Time Best Online Banking Winner 8-time Best Community Supporter 7-Time Best Customer Service Winner 7-Time Best Mobile App Winner 6-Time Best Financial Planner 4-Time Best Bank Winner by Lincoln Courier Readers Lincoln Courier (Lincoln, IL) Readers’ Choice AwardsUnited Community Bank 4-Time Best Bank Winner 4-Time Best Mortgage Company Winner 4-Time Best Loans Winner 3-Time Top Employer 3-Time Best Financial Planning 2-Time Best Customer Service
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The FDIC and NCUA recognize minority depository institutions, or MDIs, which are institutions that are led by minority group. One type of MDI is a Black-owned bank. These institutions serve to lessen economic inequality and provide banking and loan services to underserved communities.We've provided a detailed list of 36 Black-owned banks and credit unions divided by state to help you find a Black-owned bank that fits your banking needs.Early History of Black-Owned BanksBlack-owned banks have a long history of serving Black Americans, and they continue to serve communities today.The first national bank in the U.S. was created in 1791. While it initially opened in Philadelphia, it had branches across the country. But as slavery continued, the bank did not serve all Americans. The end of the Civil War eventually brought millions of Black Americans freedom from slavery. And even though then-President Abraham Lincoln established the Freedman's Savings and Trust Company ("Freedman's Bank") in 1865 to help serve freed slaves, Freedman's Bank failed in 1874 due to corruption and risky investments. Though it had once boasted 37 branches and $57 million in deposits, thousands of Black customers lost their savings. Establishment of Modern Black-Owned BanksAgainst a backdrop of racist practices in the banking industry, including denial of access, Black-owned banks arose to help disenfranchised Black Americans. In 1888, Capital Savings Bank in Washington, DC, became the first Black bank to open, and the Savings Bank of the Grand Fountain United Order of True Reformers in Richmond, Virginia, became the first chartered
