February 8, 2024

Black History Month - Maggie Lena Walker

Maggie Lena Walker

July 15, 1864 - December 15, 1934

  • In 1903, founded St. Luke Penny Savings Bank in Richmond, VA
  • First female bank president of any race to charter a bank in the United States
  • Served as chairman of the board of directors when the bank merged with two other Richmond banks to become The Consolidated Bank and Trust Company
  • She said, "Let us put our money together; let us use our money; let us put our money out at usury among ourselves, and reap the benefit ourselves."
  • A visionary, she established a newspaper, The St. Luke Herald, to promote closer communication between businesses and the public
  • Received an honorary master's degree from Virginia Union University in 1925
  • Inducted into the Junior Achievement U.S. Business Hall of Fame in 2001

Learn More!
National Women's History Museum
National Parks Service
National Museum of American History