Capital Savings Bank, founded in 1888 in Washington D.C., was one of the earliest Black-owned banks in the United States. It was established by a group of African American businessmen and professionals with the goal of providing financial services and resources to the African American community during a time of significant racial discrimination in mainstream banks.

Capital Savings Bank played a crucial role in providing access to capital and financial services for Black businesses and individuals who were often denied services by white-owned banks. The bank helped to foster economic empowerment within the Black community and supported the growth of Black-owned businesses and homeownership.

Throughout its history, Capital Savings Bank faced various challenges, including financial difficulties and regulatory issues. Despite these challenges, the bank remained a critical institution in the Black community, providing a safe and trusted place for African Americans to deposit their money and access financial services.

Unfortunately, Capital Savings Bank, like many other Black-owned banks, eventually closed its doors due to financial instability and economic challenges. However, its legacy lives on as a pioneering institution that played a vital role in promoting economic independence and empowerment within the Black community.