ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home ABA Banking Journal Podcast

Black History Month: Maggie L. Walker’s Historic Mission of Financial Empowerment

February 2, 2023
Reading Time: 2 mins read
Podcast: Maggie L. Walker’s Historic Mission of Financial Empowerment

Maggie Lena Walker, center, pictured with colleagues in the Independent Order of St. Luke.

In 1903, Maggie Lena Walker became the first Black woman to charter a U.S. bank when she opened the St. Luke Penny Savings Bank in Richmond, Virginia, as the bank’s first president. In a classic replay episode of the ABA Banking Journal Podcast — sponsored by xChange — historian Shennette Garrett-Scott tells the story of Walker and her mission to help Black women find financial empowerment and professional career opportunities.

Garrett-Scott, the author of Banking on Freedom: Black Women in U.S. Finance Before the New Deal, discusses:

  • How Walker countered impressions that Black women were uniquely risky bank clients.
  • The broader context of African-American banks and what set Walker’s St. Luke Bank apart.
  • The relationships between Black banks and mutual aid societies and fraternal organizations like the Independent Order of St. Luke.
  • How newly professionalized Progressive Era financial regulators threw up hurdles to Black-owned banks and insurers.
  • The St. Luke Bank’s relationships with white-owned banks in Richmond and elsewhere.

If you can’t see the audio player above, click here to listen to this episode.

This episode is sponsored by xChange.

 

Additional resources:

  • Read a past Banking Journal feature on Walker as one of nine young bankers who changed America.
  • Read a Wall Street Journal article on Walker’s legacy.
  • View a virtual tour of Walker’s home in Richmond.

In this episode:

Shennette Garrett-Scott
Associate Professor
Texas A&M University
Evan Sparks
Editor-in-Chief
ABA Banking Journal

 

Tags: ABA Banking Journal PodcastFinancial inclusionHistoryMinority depository institutionsWomen in banking
ShareTweetPin

Related Posts

Podcast: The birth of American money and how it triggered a revolution

Podcast: The birth of American money and how it triggered a revolution

ABA Banking Journal Podcast
October 8, 2026

How the American colonies developed their own monetary systems, and why the British ultimately rejected them.

House Republicans ask Fed to speed up bank merger application reviews

Bank acquisitions announced in five states

Community Banking
October 7, 2026

Proposed acquisitions announced of banks in Oklahoma, Illinois, North Carolina, Michigan and Iowa.

Five tips to juice community bank board performance

New survey probes community banks’ plans for digital assets

Community Banking
October 6, 2026

Double-digit shares of community bankers intend to offer tokenized deposits and stablecoin solutions within the next 12 months, according to the Conference of State Bank Supervisors' 2026 community bank survey released today. 

FDIC’s Hill: Standards-setting organization could spur bank-fintech partnerships

ABA announces investment in BankTech Ventures

Community Banking
October 6, 2026

The investment reflects ABA's ongoing commitment to identifying innovative technologies and companies that can deliver value to banks and their customers.

Fed’s Bowman to keynote ABA Conference for Community Bankers

Fed to split bank supervision into five regions

Community Banking
October 6, 2026

The Federal Reserve will divide its bank supervision into five geographic regions rather than splitting it among the 12 Reserve Bank districts, Vice Chair for Supervision Michelle Bowman said. The Fed also plans to revisit the criteria used...

Maher named 2026-2027 chair of ABA’s American Bankers Council

Maher named 2026-2027 chair of ABA’s American Bankers Council

Community Banking
October 2, 2026

Christopher Maher has been named chair of ABA’s American Bankers Council for the 2026–2027 membership year. Maher is CEO of OceanFirst Financial Corp. and OceanFirst Bank, a New Jersey-based institution.

NEWSBYTES

Consumer sentiment falls in October

October 9, 2026

Fed survey finds increase in family income, financial stress

October 9, 2026

FHA formalizes use of alternative credit scoring models

October 9, 2026

SPONSORED CONTENT

The Shift from Demographic Marketing

The Shift from Demographic Marketing

October 1, 2026
Meeting Ag Lending Goals Without Going It Alone

Meeting Ag Lending Goals Without Going It Alone

October 1, 2026
Beyond the Portfolio: The Wealth Manager’s New Role in a Multigenerational World

Beyond the Portfolio: The Wealth Manager’s New Role in a Multigenerational World

September 17, 2026
Banking Technology at a Strategic Crossroads

Banking Technology at a Strategic Crossroads

September 8, 2026

PODCASTS

Podcast: The birth of American money and how it triggered a revolution

October 8, 2026

Podcast: Creating seamless customer experiences

September 30, 2026

Podcast: Telling a different kind of story about community banks

September 28, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.