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Industrial Bank (Washington D.C.)
Industrial Bank is an historic African American-owned bank based in Washington, D.C., United States. Industrial Bank has 9 branches. Four branches in D.C., 11th and U, Georgia Avenue, J.H. Mitchell, Anacostia Gateway; Two branches in Maryland; Oxon Hill, Forestville (coming soon to Largo, MD), two in Newark, NJ and a branch in Harlem, NY. History It was established in 1913 as the Industrial Savings Bank by John Whitelaw Lewis and originally operated out of the Laborers' Building and Loan Association building designed by William Sidney Pittman William Sidney Pittman (April 21, 1875 – March 14, 1958) was an American architect who designed several notable buildings, such as the Zion Baptist Church and the nearby Deanwood Chess House in the Deanwood neighborhood of Washington, DC. He w .... An Industrial Bank building on U Street was designed by Isaiah Hatton a few years later. The bank closed in 1932 but was reorganized and reopened by Howard University alumnus Jesse Mitch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Isaiah Hatton
Isaiah T. Hatton (1883–1921) was an architect in the United States known for his designs of buildings for his fellow African Americans. Several are listed on the National Register of Historic Places. Hatton was the only son of Isaiah and Mary Susan Hatton and was born on March 1, 1883, in Hagerstown, Maryland. His family moved to Washington D.C. when he was seven. He married Bertha B. Sayles. They did not have children. Several buildings he designed are listed on the National Register of Historic Places (NRHP). Works Selected works include: * Third Baptist Church (1893), 1546 5th St., NW, Washington, D.C. (designed with fellow African American architect Calvin Brent), NRHP-listed *Thomas J. Calloway House (1910), 9949 Elm Street, Lanham, Maryland, for Thomas Junius Calloway, an African American developer of the Lincoln community in Lanham, Maryland in Prince Georges County, Maryland. NRHP-listed *His own residence at 5502 Center Ave (1911) in Lincoln * Industrial Bank build ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Sidney Pittman
William Sidney Pittman (April 21, 1875 – March 14, 1958) was an American architect who designed several notable buildings, such as the Zion Baptist Church and the nearby Deanwood Chess House in the Deanwood neighborhood of Washington, DC. He was the son-in-law of Booker T. Washington. Biography Pittman was born April 21, 1875 in Montgomery, Alabama to an ex-slave laundress and a prominent white man of the city. At the age of 17 Pittman attended Tuskegee Institute, where he completed programs in woodwork and architectural-mechanical drawing in 1897. He was awarded a scholarship to attend the all-white Drexel Institute in Philadelphia,Carolyn Perritt, "The Dissident Voice of Willi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1934 Establishments In Washington, D
Events January–February * January 1 – The International Telecommunication Union, a specialist agency of the League of Nations, is established. * January 15 – The 8.0 1934 Nepal–Bihar earthquake, Nepal–Bihar earthquake strikes Nepal and Bihar with a maximum Mercalli intensity scale, Mercalli intensity of XI (''Extreme''), killing an estimated 6,000–10,700 people. * January 26 – A 10-year German–Polish declaration of non-aggression is signed by Nazi Germany and the Second Polish Republic. * January 30 ** In Nazi Germany, the political power of federal states such as Prussia is substantially abolished, by the "Law on the Reconstruction of the Reich" (''Gesetz über den Neuaufbau des Reiches''). ** Franklin D. Roosevelt, President of the United States, signs the Gold Reserve Act: all gold held in the Federal Reserve is to be surrendered to the United States Department of the Treasury; immediately following, the President raises the statutory gold price from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1932 Disestablishments In Washington, D
Year 193 ( CXCIII) was a common year starting on Monday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Sosius and Ericius (or, less frequently, year 946 ''Ab urbe condita''). The denomination 193 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * January 1 – Year of the Five Emperors: The Roman Senate chooses Publius Helvius Pertinax, against his will, to succeed the late Commodus as Emperor. Pertinax is forced to reorganize the handling of finances, which were wrecked under Commodus, to reestablish discipline in the Roman army, and to suspend the food programs established by Trajan, provoking the ire of the Praetorian Guard. * March 28 – Pertinax is assassinated by members of the Praetorian Guard, who storm the imperial palace. The Empire is a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
City National Bank (New Jersey)
City National Bank was a regional bank headquartered in Newark, New Jersey with four branches in the New York metropolitan area. According to the June 2011 issue of ''Black Enterprise'' magazine, it was the seventh largest African-American owned and operated commercial bank in the United States. As of January 2018, the bank had 3 branches, down from a peak of 9 in 2009: 2 in New Jersey and 1 in Harlem. On Friday, November 1, 2019, City National Bank of New Jersey was closed by the Office of the Comptroller of the Currency. The FDIC The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures credi ... was named receiver. Industrial Bank, a similar Black-owned bank headquartered in Washington D.C., acquired all deposit accounts and essentially all assets. References External links * {{Author ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Recession
The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. One result was a serious disruption of normal international relations. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system, along with a series of triggering events that began with the bursting of the United States housing bubble in 2005–2012. When housing prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined in 2007–2008, causing several to collapse or be bailed out in September 2008. This 2007–2008 phase was called the subprime mortgage crisis. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Congressional Black Caucus
The Congressional Black Caucus (CBC) is a caucus made up of most African-American members of the United States Congress. Representative Karen Bass from California chaired the caucus from 2019 to 2021; she was succeeded by Representative Joyce Beatty from Ohio as chair. The caucus has historically been non-partisan; however, with Republican Representative Byron Donalds being blocked from joining in 2021, that status has been made unclear. History Founding The predecessor to the caucus was founded in January 1969 as the Democratic Select Committee by a group of black members of the House of Representatives, including Shirley Chisholm of New York, Louis Stokes of Ohio and William L. Clay of Missouri. Black representatives had begun to enter the House in increasing numbers during the 1960s, and they had a desire for a formal organization. Further, Congressional redistricting and other factors in the wake of the Civil Rights Movement resulted in the number of black Congressmembers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Howard University
Howard University (Howard) is a private, federally chartered historically black research university in Washington, D.C. It is classified among "R2: Doctoral Universities – High research activity" and accredited by the Middle States Commission on Higher Education. Tracing its history to 1867, from its outset Howard has been nonsectarian and open to people of all sexes and races. It offers undergraduate, graduate and professional degrees in more than 120 programs, more than any other historically black college or university (HBCU) in the nation. History 19th century Shortly after the end of the American Civil War, members of the First Congregational Society of Washington considered establishing a theological seminary for the education of black clergymen. Within a few weeks, the project expanded to include a provision for establishing a university. Within two years, the university consisted of the colleges of liberal arts and medicine. The new institution was named for Gene ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Branch (banking)
A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution (including a brokerage firm) offers a wide array of face-to-face and automated services to its customers. History and description During the 3rd century banks in Persia (now Iran) and in other territories started to issue letters of credit known as Sakks, basically checks in today’s language, that could be traded in cooperative houses or offices throughout the Persian territories. In the period from 1100-1300 banking started to expand across Europe and banks began opening ‘branches’ in remote, foreign locations to support international trade. In 1327, Avignon in France had 43 branches of Italian banking houses alone. The practice of opening satellite branches was popularized in the early 20th century by Amadeo Giannini, then head of the Bank of America. Historically, branches were housed in imposing buildings, often in a neoclassical style of arc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Liability Company
A limited liability company (LLC for short) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation under state law; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs are well known for the flexibility that they provide to business owners; depending on the situation, an LLC may elect to use corporate tax rules instead of being treated as a partnership, and, under certain circumstances, LLCs may be organized as not-for-profit. In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited liability company (PLLC). An LLC is a hybrid le ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
African-American Businesses
Black-owned businesses (or Black businesses), also known as African-American businesses, originated in the days of slavery before 1865. Emancipation and civil rights permitted businessmen to operate inside the American legal structure starting in the Reconstruction Era (1863–77) and afterwards. By the 1890s, thousands of small business operations had opened in urban areas. The most rapid growth came in the early 20th century, as the increasingly rigid Jim Crow system of segregation moved urban Blacks into a community large enough to support a business establishment. The National Negro Business League—which Booker T. Washington, college president, promoted—opened over 600 chapters. It reached every city with a significant Black population. African-Americans have operated virtually every kind of company, but some of the most prominent Black-owned businesses have been insurance companies, banks, recording labels, funeral parlors, barber shops, beauty salons, restaurants, sou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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