nehemiah studio central district policy review

June 6, 2020

Liberty Bank Opens (May 1968)

As most banks in Seattle upheld redlining and refused to lend mortgages or small business loans to people of color, Liberty Bank is a strong example of how the Central District community pulled together its own network of supportive services. Liberty Bank opened in May of 1968 and was Washington state’s first majority Black-owned bank. The bank was community-owned and 80% of the stockholders were Black. The bank allowed residents of the CD who were previously denied loans the funding they needed to buy homes or start their own businesses.

Resource: Pien, Diane. “Liberty Bank Seattle Washington (1968-1988) and Liberty Bank Building,” July 2, 2018.