Under the national banking laws carried out by the OCC, real estate lending was explicitly forbidden—a prohibition enforced by the office's professional bank examiners. The …

At the height of its success, the Freedman's Savings Bank held assets worth more than $3.7 million in 1872 dollars, which translates to approximately $80 million in 2021. [2][3] However, …

2019年7月18日 · The advertisements preached about the benefits of work and savings, and warned against using money for drinking and lottery tickets. In 1874, as a result of …

2022年10月6日 · In early 1874, however, overwhelmed by the effects of a 1870 amendment to its charter that changed its loan and investment policy, the Panic of 1873, problems of …

2024年12月4日 · Nevertheless, they were eager to learn more about this Reconstruction Era fraud. Dr. Edwards’s new book, “Savings and Trust: The Rise and Betrayal of the Freedman’s …

2024年11月7日 · In July of 1874, waves of Black Americans rushed to their local bank branches to find out if the news they were hearing was true. The Freedman's Savings and Trust …

When it failed, the Freedman's Savings Bank had 37 branches operating in 17 states and the District of Columbia. In the District alone over 3,000 depositors—both individuals and cultural …

2016年8月15日 · Because of mismanagement, abuse, fraud, and other economic factors, the Freedman's Bank failed in 1874, leaving tens of thousands of its depositors in economic ruin. …

The history of the short-lived Freedman's Savings Bank, founded in 1865 to provide freedman with a place for saving the profits from their crops and bounty payments for military service. …

And incompetence vied with speculation and fraud to hasten the bank’s end. Anson Sperry had been with the bank since its earliest days and had a genuine interest in helping the freedmen. …