Black consumers and communities across the United States utilize a diverse spectrum of financial institutions, ranging from major national commercial banks to mission-driven minority depository institutions. While millions of Black Americans bank with large national institutions like Chase Bank, Bank of America, and Wells Fargo for everyday convenience and widespread physical branch access, a profound economic movement emphasizes supporting Black-owned banks and Black-owned credit unions (known formally as Minority Depository Institutions or MDIs). Prominent Black-owned financial institutions that receive significant community support include OneUnited Bank (the largest Black-owned bank in the country), Liberty Bank and Trust Company, City National Bank of New Jersey, Industrial Bank, Carver Federal Savings Bank, and Broadway Federal Bank. These specialized institutions play a vital, historic role in closing the racial wealth gap by intentionally reinvesting their capital back into historically underserved neighborhoods, providing accessible mortgages to minority homebuyers, extending small business loans to urban entrepreneurs, and offering tailored financial literacy programs designed to foster long-term generational economic empowerment.