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Maggie L. Walker

Maggie Lena Walker

Maggie L. Walker, the first Black woman to charter a bank in the United States, was born in Richmond, Virginia.

Profession
Businesswoman, Banker
From
Richmond, Virginia
Born
July 15, 1864
Years active
1889–1934

Early life

Born in Richmond in 1864 to a formerly enslaved mother, Walker worked as a teacher before devoting herself to fraternal and financial work.

Career

In 1903 she founded and led the St. Luke Penny Savings Bank, becoming the first woman of any race to charter and serve as president of a U.S. bank.

Major achievements

She built an economic institution that empowered Richmond's Black community for decades.

Legacy

Walker is celebrated as a pioneer of Black entrepreneurship and financial independence.

References

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