Minority Bank Profile
Founded as the Negro Bankers Association in 1927
Today, the association has expanded its membership to also include Hispanic-American, Asian-American, Native American and women – owned banks. Member banks are located in twenty-two states and the District of Columbia.
Recognized as the voice of minority banking in the U.S., the NBA continues its role as chief advocate for these banks in the nation’s capital.
Through the decades, NBA has helped to shape public policy at the White House, on capitol hill, within the regulatory community and throughout the federal bureaucracy.
The NBA is an honest broker on capitol hill: Articulating the business concerns of Republican Members of Congress and many of the social issues that are priorities for Democrats.
The NBA offers itself as a bridge to the partisan divide by being willing to dialogue with committee chairs and White House staffs representing both major political parties.
Finally, through its member banks, the NBA continues to serve low – to – moderate income communities all over America. NBA member banks are deeply committed to providing employment opportunities, entrepreneurial capital and economic revitalization in neighborhoods which often have little or no access to reasonably priced financial services and products.
The association participated in strategy sessions to address the S&L crisis; lobbied Congress for passage of Section 308 of FIRREA; advocated for the creation of the New Markets Tax Credit Program; and helped Congress to pull the U.S. economy back from the precipice by rallying members of the Congressional Tri-Caucus to support the Emergency Economic Stabilization Act (EESA) of 2008 which created the Tarp program.
September 15, 1927, as the National Negro Bankers Association, this name was changed to the National Bankers Association in 1948 and incorporated as a 501(c)6 trade association on April 18, 1972 in the District of Columbia.
Major Richard R. Wright was a co-founder and first President of the NBA. Mr. Wright was also President of Citizens and Southern Bank in Philadelphia, Pennsylvania. The other co-founder, C.C. Spaulding, was the Cashier at Mechanics and Farmers Bank in Durham, North Carolina.