History Echoes as Black-Owned Banks Thrive in Durham
In the late 19th and early 20th centuries, African Americans built a successful business community in Durham, North Carolina. Durham's Black Wall Street flourished, becoming home to some of the most influential minority-owned businesses in the country, including Mechanics and Farmers Bank, the second-oldest minority-owned bank in the United States. Today, black-owned businesses are continuing to thrive. According to the US Census Bureau's Survey of Business Owners, black-owned firms make up more than a quarter of all companies in Durham, nearly twice the percentage of black-owned firms in North Carolina as a whole.