Category Archives: Freedman’s Bank

June 16-18 – Freedman’s and genealogy event in Atlanta

Freedman's Bank genealogical records history Atlanta eventThe Celebration of Juneteenth is coming to the Atlanta area June 16, including a look at the Freedman’s Bank records on African-American genealogy:

Atlanta Daily World writes:

On Saturday at 2 p.m., “Tracing History with Emma Davis Hamilton” will take place in McElreath Hall, Member’s Room. Hamilton, past president of the Metro Atlanta chapter of the Afro-American Historical and Genealogical Society (AAHGS), will lead a detailed 90-minute session designed to help participants work with the important records of Freedman’s Savings Bank. This Washington, D.C., institution was created after the Civil War, to assist newly emancipated enslaved and African-American soldiers. Its records contain valuable genealogical information such as birthdate, birthplace, where raised, former owner, employer, occupation, residence, and relatives. The bank not only provided services for African Americans, but white citizens as well. Hamilton has 26 years’ experience as a genealogy researcher.

Announcing the Freedman’s-Dos Equis “Most Interesting Rookie in the Playoffs” Award (NBA)

Freedman's Bank Dos Equis NBA Playoff Rookie Award

FOR IMMEDIATE RELEASE

April 10, 2017

The Freedman’s Foundation is pleased to announce the first annual “Most Interesting Rookie in the (NBA) Playoffs” award….

in association with The 5/7 Club, Reddit.com, Freedman’s Bank, Strawpoll.com, and Dos Equis (a trademark and subsidiary of Heineken USA.)

Nominees will be announced on approximately April 28, coinciding with the end of the first round of the NBA playoffs.

Fan voting will take place beginning during the second round of the playoffs, and end not later than the end of the NBA Finals.

Following the fan vote, a panel of former NBA players and former and current sports journalists will make their vote. The two votes will be combined on a percentage basis and a winner announced approximately June 25.

“The award is designed to recognize outstanding rookie performance in the playoffs,” said FF chairperson Ronald Brown, “with a special focus on the player that shows intriguing promise for the future.

“That is, it is not necessarily intended to be a ‘MVP Rookie’ award, but a selection of the first-year player that demonstrates both performance and potential.”

For more information, contact:

DONALD ANDERSON
info@freedmansbank.com
202-380-9654

Casualty rates slow, but casualties mount (an update)

US banking failures Freedman's Bank Bankrate.com

The good news is, big banks have been bailed out (cc: US Taxpayer, $700 billion), and small bank failure rates slowed in 2016 and so far in 2017….

the bad news is, U.S. policy drove nearly half such banks out of business from 2009 to 2016, and there appears to be no relief in sight for the institutions that supply most of the capital to small businesses.

Click here for Bankrate.com’s list
of the banking casualties since 2009

.

Freedman’s “still retains assets”

Freedman's Bank ClevelandElizabeth McIntyre from Crain’s Cleveland Business filed a notable piece on the legacy of Freedman’s Bank recently, as the 150th anniversary works its way across the midwest. A brief excerpt:

“The Freedman’s Bank became one of the first multi-state banks in the nation, comprising 37 branches in 17 states and the District of Columbia. Tens of thousands of former slaves deposited more than $57 million, most in small amounts. The bank fell victim to mismanagement, fraud and the “Panic of 1873.” It closed. Most lost their savings. More than $3 million in deposits, uninsured, were gone. And historians say it may have been the genesis of a deep distrust of banks by African-Americans.

“The Freedman’s Bank still retains valuable assets more than 150 years later: the records of depositors. At the time, former slaves provided details about their addresses and a record of spouses, children, siblings and parents. The records from 29 branches still exist at the National Archives and they’re a treasure trove for 10 million African-Americans today whose ancestors were depositors. The database also is accessible online for free at FamilySearch.org.”

Read the full article at Crain’s Cleveland Business

Fed celebrates Freedman’s at 150

Don’t miss the rich history of Freedman’s Bank, now on display at the Federal Reserve….

including original artwork and passbooks, from some of the bank’s original $57 million in deposits.

Although the bank failed through poor government regulatory policy and mismanagement leading into the Panic of 1873, its mission was a noble one, and still timely given economic conditions today.

The exhibit, marking the 150th anniversary of Freedmans, will also travel to Atlanta and Cleveland later this year.

“Never again” — the Freedman’s collapse

footer-logo-whhaThree million dollars belonging to 61,000 African Americans. That’s how much accumulated wealth vanished when the Freedman’s Savings and Trust Company failed in June 1874.

A solid account from the White House Historical Society:

http://www.whitehousehistory.org/presentations/the-half-had-not-been-told-me/freedman-savings-trust.html