Penny Savings Bank

The Penny Savings Bank of Birmingham, founded by William R. Pettiford, was the first black-owned banking institution in Alabama. It operated from 1890 to 1915.

Historic photo of interior of a bank with teller cages labeled “Cashier” and “Receiving,” where several men stand and lean against the counters.
Courtesy of the Birmingham Public Library Archives, 829.1.21

Appears In

Banking Industry in Alabama

Banking Industry in Alabama

Penny Savings Bank of Birmingham

Penny Savings Bank of Birmingham

Historic photo of interior of a bank with teller cages labeled “Cashier” and “Receiving,” where several men stand and lean against the counters.

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