Virginia’s last Black-owned bank is gone

First State Bank was formed by a group of African Americans in rural Virginia in 1919. Almost hundred years later, First State Bank is the last Black-owned bank in Virginia to disappear. What happened? And, what has happened to all of the Black-owned banks across the nation?

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Casey Crawford, a former Carolina Panthers and Tampa Bay Buccaneers tight end, has recently taken over the First State Bank in Danville, Virginia and renamed it Movement Bank, the Richmond Times-Dispatch reports. […]