Lewis, Willard C
Description
Encyclopedia article about Citizens Trust Bank. On August 16, 1921, Citizens Trust Bank opened on Auburn Avenue in Atlanta. Its founder, African American businessman Heman Perry, served as the first chairman of the board, and Henry C. Dugas was Citizens Trust's first president. An instance of discrimination inspired the creation of the bank: Perry attempted to be fitted for a pair of socks at a white-owned store and was refused. So that black businessmen could own and operate businesses independently of white-owned financial institutions, Perry and four other partners (collectively known as the "Fervent Five") formed Citizens Trust Bank.
Text
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Record Contributed By
New Georgia EncyclopediaRecord Harvested From
Digital Library of GeorgiaKeywords
- Atlanta
- Banks And Banking
- Citizens Trust Bank (Atlanta, Ga.)
- Financial Institutions
- Georgia
- Perry, Heman E
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