Black Entrepreneurs in Richmond Face New Challenges
On April 3, 1889, — 24 years to the day after Richmond fell to Union troops — the first chartered black bank in the nation opened in the Jackson Ward residence of former slave William Washington Browne.
The following year, Browne’s organization, Grand Fountain of the United Order of True Reformers, moved the bank out of his home into a new three-story edifice on Second Street.
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