Capital Savings Bank, based in Washington D.C., was one of the first African-American owned and operated banks in the United States. It was founded in 1888 by the Reverend Harvey Johnson, a prominent African-American minister, and was initially known as the Industrial Savings Bank. The bank played a crucial role in providing financial services to the African-American community at a time when mainstream banks discriminated against Black customers.

Capital Savings Bank helped African Americans overcome financial barriers and build wealth by providing access to banking services such as savings accounts, loans, and mortgages. The bank also supported the growth of Black-owned businesses and contributed to the overall economic empowerment of the Black community in Washington D.C.

Over the years, Capital Savings Bank faced various challenges, including financial difficulties and regulatory issues. Despite these challenges, it remained a vital institution within the African-American community for several decades. The bank's legacy highlights the importance of financial institutions that cater to the specific needs of marginalized communities and promote economic justice and empowerment.