About: Freedman's Savings Bank

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An Entity of Type : yago:WikicatDefunctBanksOfTheUnitedStates, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)
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The Freedman's Saving and Trust Company, known as the Freedman's Savings Bank, was a private savings bank chartered by the U.S. Congress on March 3, 1865, to collect deposits from the newly emancipated communities. Within 7 years of its formation, the bank opened 37 branches across 17 states and the District of Columbia and collected funds from over 67,000 depositors. At the height of its success, the Freedman's Savings Bank held assets worth more than $3.7 million in 1872 dollars, which translates to approximately $80 million in 2021.

Attributes	Values
rdf:type	Thing company yago:WikicatBanksEstablishedIn1865 yago:WikicatCompaniesDisestablishedInThe19thCentury yago:Abstraction100002137 yago:Company108058098 yago:DepositoryFinancialInstitution108420278 yago:FinancialInstitution108054721 yago:Group100031264 yago:Institution108053576 yago:Organization108008335 yago:YagoLegalActor yago:YagoLegalActorGeo yago:YagoPermanentlyLocatedEntity yago:SocialGroup107950920 yago:WikicatDefunctBanksOfTheUnitedStates
rdfs:label	Freedman's Savings Bank (en)
rdfs:comment	The Freedman's Saving and Trust Company, known as the Freedman's Savings Bank, was a private savings bank chartered by the U.S. Congress on March 3, 1865, to collect deposits from the newly emancipated communities. Within 7 years of its formation, the bank opened 37 branches across 17 states and the District of Columbia and collected funds from over 67,000 depositors. At the height of its success, the Freedman's Savings Bank held assets worth more than $3.7 million in 1872 dollars, which translates to approximately $80 million in 2021. (en)
foaf:depiction
dcterms:subject	Banks established in 1865 Black-owned companies of the United States Reconstruction Era African-American history of Washington, D.C. Defunct banks of the United States American companies established in 1865 American companies disestablished in 1874 Banks disestablished in 1874 American freedmen
Wikipage page ID	13543016 (xsd:integer)
Wikipage revision ID	1124710920 (xsd:integer)
Link from a Wikipage to another Wikipage	Rufus Saxton Benjamin Butler Banks established in 1865 History of the Southern United States Republican Party (United States) Black-owned companies of the United States Frederick Douglass Freedman's Bank Building Reconstruction Era African-American history of Washington, D.C. Defunct banks of the United States American companies established in 1865 American companies disestablished in 1874 U.S. Congress Banks disestablished in 1874 Abraham Lincoln African Americans Freedmen Henry D. Cooke Jay Cooke The Church of Jesus Christ of Latter-day Saints American freedmen Jay Cooke & Company Freedmen's Bureau Incorporation (business) Nathaniel P. Banks Sharecropping Panic of 1873 Reconstruction Era Walter Lynwood Fleming U. S. Congress dbr:File:The_Story_of_the_Freedman’s_Bank.webm
sameAs	Freedman's Savings Bank Freedman's Savings Bank Freedman's Savings Bank Freedman's Savings Bank
dbp:wikiPageUsesTemplate	dbt:Authority_control dbt:Reflist dbt:Rp dbt:Short_description dbt:Reconstruction_era dbt:African_American_banks
thumbnail	wiki-commons:Special:FilePath/Freedman's_Savings_Bank.jpg?width=300
has abstract	The Freedman's Saving and Trust Company, known as the Freedman's Savings Bank, was a private savings bank chartered by the U.S. Congress on March 3, 1865, to collect deposits from the newly emancipated communities. Within 7 years of its formation, the bank opened 37 branches across 17 states and the District of Columbia and collected funds from over 67,000 depositors. At the height of its success, the Freedman's Savings Bank held assets worth more than $3.7 million in 1872 dollars, which translates to approximately $80 million in 2021. However, the rapid development of the bank was largely driven by false claims and was coupled with mismanagement and fraud. The bank failed in 1874, weighed down by speculative loans issued by the bank's white officials throughout its existence. Historians believe that the bank's failure not only destroyed the savings of many African Americans, but also their trust in financial institutions. The archives of the Freedman's Savings Bank provide unique information regarding a large share of its depositors. The registers of signatures cover 28 branches from 1865 to 1874 and include information on depositors’ identity, age, occupation, complexion, place of birth and also relatives. The site where the bank's headquarters once stood was later occupied by the Treasury Annex. The Annex was renamed the Freedman's Bank Building in 2016. (en)
gold:hypernym	Corporation
prov:wasDerivedFrom	wikipedia-en:Freedman's_Savings_Bank?oldid=1124710920&ns=0
page length (characters) of wiki page	16098 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Freedman's_Savings_Bank
is Link from a Wikipage to another Wikipage of	Carver Federal Savings Bank Robert S. Laws List of United States Supreme Court cases, volume 100 List of United States Supreme Court cases, volume 106 List of United States Supreme Court cases, volume 110 List of United States Supreme Court cases, volume 127 List of United States Supreme Court cases, volume 93 Index of articles related to African Americans The Souls of Black Folk Frederick Douglass Freedman Freedman's Bank Building Lafayette Robinson Wilmington insurrection of 1898 D. Todd Christofferson History of Charleston, South Carolina Long Depression Henry D. Cooke James E. O'Hara Jim Crow economy Charles H. Prince

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