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Freedman’s Savings Bank

Conservative law firms take a swipe at Black banks
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Business
Conservative law firms take a swipe at Black banks
Black banks have a long history in the United States — but also a history of challenges. The first Black bank, Freedman’s Savings Bank, was founded by an act of Congress and signed into existence by Abraham Lincoln in 1865 to hold deposits of people who were newly emancipated from slavery.
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