In today’s ultra-competitive environment, the nation’s largest black-owned financial companies provide advisory services and manage assets, among other transactions, for customer segments that range from corporate leviathans and leading government agencies to African American institutions and black communities across the country. As such, BLACK ENTERPRISE has created the master lists in four distinct categories: Banks, Investment Banks, Asset Managers and Private Equity Firms.
OneUnited Bank is the premier bank for urban communities. It is the largest black-owned bank, the first black internet bank, and a Community Development Financial Institution (CDFI). It has offices in Los Angeles, Boston, and Miami and a mission to provide affordable financial services to support economic development in urban communities and maintain superior financial performance to maximize shareholder value.
Several leading black-owned investment banks worked with the Federal Reserve and Treasury Department to restore the economy during the recession to making credit available and underwriting for the $15 billion IPO for financially battered General Motors and senior co-managers of collapsing AIG’s $8.7 billion stock sale.
Michigan-based Syncreon represents one of the most impactful companies that you’ve never heard of. Managing the supply chain needs for corporate leviathans such as General Motors, Dell Computers, and Apple And it's owned by GenNx360 Capital Partners, one of the nation’s largest black-owned private equity firms.
