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Freedman's Bank

How a bank failure 150 years ago still shapes many Black Americans' relationships to financial institutions

by Kai Ryssdal and Richard Cunningham
Feb 15, 2024
The Freedman’s Bank was the first opportunity for formerly enslaved people to save and protect their money. But its failure in less than a decade still haunts Black Americans today.
Pictured above, Housing and Urban Development Secretary Marcia Fudge at the Freedman’s Bank Forum held at the Treasury Department in 2022.
Chip Somodevilla/Getty Images
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