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Image 1 of 1: The Freedman's Trust and Savings Company was chartered by the United States government on March 3, 1865 with the goal of assisting newly-freed African Americans as they established financial freedom and security. The headquarters moved from New York to Washington, D.C. in 1866. There were thirty-seven branches across seventeen states totaling over $57 million in deposits. The Nashville branch opened in December 1865. In 1871, the company moved to the newly built Liberty Hall building at 44 Cedar Street, now Charlotte Avenue. All branches closed in 1874 after the bank failed due to the Panic of 1873 and the financial mismanagement of its administrators.
The Freedman's Trust and Savings Company was chartered by the United States government on March 3, 1865 with the goal of assisting newly-freed African Americans as they established financial freedom and security. The headquarters moved from New York to Washington, D.C. in 1866. There were thirty-seven branches across seventeen states totaling over $57 million in deposits. The Nashville branch opened in December 1865. In 1871, the company moved to the newly built Liberty Hall building at 44 Cedar Street, now Charlotte Avenue. All branches closed in 1874 after the bank failed due to the Panic of 1873 and the financial mismanagement of its administrators.

The Freedman's Trust and Savings Company was chartered by the United States government on March 3, 1865 with the goal of assisting newly-freed African Americans as they established financial freedom and security. The headquarters moved from New York to Washington, D.C. in 1866. There were thirty-seven branches across seventeen states totaling over $57 million in deposits. The Nashville branch opened in December 1865. In 1871, the company moved to the newly built Liberty Hall building at 44 Cedar Street, now Charlotte Avenue. All branches closed in 1874 after the bank failed due to the Panic of 1873 and the financial mismanagement of its administrators.

Freedman's Bank

36.166365, -86.780551

Description

The Freedman's Trust and Savings Company was chartered by the United States government on March 3, 1865 with the goal of assisting newly-freed African Americans as they established financial freedom and security. The headquarters moved from New York to Washington, D.C. in 1866. There were thirty-seven branches across seventeen states totaling over $57 million in deposits. The Nashville branch opened in December 1865. In 1871, the company moved to the newly built Liberty Hall building at 44 Cedar Street, now Charlotte Avenue. All branches closed in 1874 after the bank failed due to the Panic of 1873 and the financial mismanagement of its administrators.

Title Freedman's Bank
Creator Nashville Historical Foundation
Author Jessica Reeves, Staff; 2018
Date 1865-1874
Address 312 Dr. Martin Luther King Jr. Boulevard, Nashville, TN 37219
Type Former Site of Building
Coverage Area 1
Source John Alvord, co-founder; Senator Charles Sumner, co-founder
Contributor Randall Brown; Bureau of Refugees, Freedmen and Abandoned Lands; John Cary; Frederick Douglass; Jordan W. Early; Benjamin J. Hadley; Henry Harding; Sampson Keeble; Peter Lowery; A.S. McTear; Nelson G. Merry; William Sumner; Nelson Walker
Subject African Americans; Businesses; Downtown; Industry; Government; Politics; Innovators; Reconstruction
Keywords Banks, Buildings, Bureau of Refugees, Freedmen and Abandoned Lands, Commerce, Economy, Federal Government, Freedman's Bank
Rights CC BY-NC 4.0