1865 - 1950
Jesse Binga American Finance Professional
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Jesse Binga is a member of the following lists: 1950 deaths, American bankers and 1865 births.
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Details
| First Name |
Jesse
|
| Last Name |
Binga
|
| Birthday |
30th November, 1864
|
| Died |
1950
|
| Nationality |
American
|
| Occupation |
Finance Professional
|
Jesse Binga (April 10, 1865 – June 13, 1950) was a prominent American businessman who founded the first privately owned African-American bank in Chicago. He was a notable pioneer of African American business achievement in the early 20th century.
Binga recalled coming to Chicago in the 1890s with $10 in his pocket.
By the 1920s he was a bank president and major real estate owner.
Unwilling to conform to de facto, private real-estate segregation, white real estate interests sometimes opposed him violently.
After his bank failed in the Great Depression, Binga was eventually charged with embezzlement, a controversial prosecution in the African American community.
Protests and public petitions helped lead to his early release. He was granted a full pardon in 1941.
