Capital Savings Bank, founded in 1888 in Washington, D.C., holds an important place in Black history as one of the oldest Black-owned banks in the United States. It was established by the Rev. Harvey Johnson, a prominent African American clergyman, and Civil War veteran. Capital Savings Bank was created during a time when Black people faced discriminatory practices in traditional financial institutions and often had limited access to banking services.

The bank played a vital role in providing financial services to the Black community in Washington, D.C., and was instrumental in supporting Black businesses, homeownership, and economic development. Capital Savings Bank served as a beacon of hope and empowerment for many African Americans during a challenging period of segregation and racial inequality.

Despite facing financial challenges over the years, Capital Savings Bank remained resilient and continued to serve its community until it closed its doors in 1990. The legacy of Capital Savings Bank lives on as a testament to the importance of Black-owned financial institutions in promoting economic independence and empowerment within the Black community.