Freedom Bank of Finance stock certificate and comparative statements of condition
Scope and Contents
The collection consists of three comparative statements of condition and one stock certificate for Freedom Bank of Finance, a Black-owned bank in Portland, Oregon. The stock certificate, dated October 7, 1969, is for 20 shares to Peter H. Wells. The comparative statements of condition list the bank's year-end financial figures for the years 1970 through 1973.
Dates
- 1969-1974
Creator
- Freedom Bank of Finance (Portland, Or.) (Organization)
Conditions Governing Access
Collection is open for research.
Conditions Governing Use
The Oregon Historical Society owns the materials in the Research Library and makes available reproductions for research, publication, and other uses. The Society does not necessarily hold copyright to all materials in the collections. In some cases, permission for use may require seeking additional authorization from copyright owners.
Administrative History
In August 1969, Venerable F. Booker, Roy Granville, Silas Williams, and Dr. Booker T. Lewis, who were Black businessmen in Portland, Oregon, founded the Bank of Finance at 728 NE Killingsworth Street in Portland. The bank was inspired by one with the same name in Los Angeles, California, and aimed to serve the financial needs of the local Black community. Later that year, the bank's name changed to Freedom Bank of Finance. In 1971, it moved to 2737 NE Union Avenue (later Martin Luther King, Jr. Boulevard), and in 1975 it changed its name again, to American State Bank.
Venerable F. Booker was the bank's president for most of its existence. In 2000, Booker sold the bank to Albina Community Bank and retired.
Source: "Freedom Bank of Finance (1969-2000)," by Natalie Mallard, BlackPast.org, https://www.blackpast.org/african-american-history/freedom-bank-of-finance-1969-2000/
Extent
0.1 Cubic Feet (1 folder in shared box)
Language of Materials
English
Abstract
Three comparative statements of condition and one stock certificate for the Freedom Bank of Finance, a Black-owned bank in Portland, Oregon, that operated from 1969 to 2000. It changed its name to American State Bank in 1975.
Immediate Source of Acquisition
Gift of ElRae Louise Wells, October 2022 (RL2022-151).
Creator
- Freedom Bank of Finance (Portland, Or.) (Organization)
- Title
- Guide to the Freedom Bank of Finance stock certificate and comparative statements of condition
- Status
- Completed
- Author
- Jeffrey A. Hayes
- Date
- 2023
- Description rules
- Describing Archives: A Content Standard
- Language of description
- English
- Script of description
- Latin
- Language of description note
- Finding aid is written in English.
Repository Details
Part of the Oregon Historical Society Research Library Repository
1200 SW Park Ave.
Portland OR 97205 United States
5033065204
5033065240
libreference@ohs.org