Freedmen’s Savings Bank

Freedmen's Savings and Trust Company was a bank designed to assist economic adjustment and foster economic independence.                      

Chartered by the federal government in 1865.

Headquartered in New York, by 1872 there were 34 branches.

In 1874 the Bank went out of business.

The Panic of 1873 to 1878, saw over 100 banks fold.