OneUnited Bank Owner Kevin Cohee's Path to Leadership

Kevin Cohee's journey to becoming the owner of OneUnited Bank is a fascinating story of determination and vision. He has been leading the bank since 1992.

Growing up in Boston, Cohee was exposed to the struggles of low-income communities, which would later shape his mission to provide financial services to underserved populations.

With a strong educational background, including a degree from Harvard University, Cohee was well-equipped to tackle the challenges of the banking industry.

Kevin Cohee is the owner, Chairman and Chief Executive Officer of OneUnited Bank, the largest Black owned bank and the first Black owned internet bank in America.

Kevin Cohee created and spearheaded the Bank Black movement in 2016, resulting in Black people transferring tens of millions of dollars into Black owned banks as a form of social protest. This movement was a response to the protests against police brutality.

OneUnited Bank was established by unifying several community banks across the country, including Founders National Bank and Family Savings Bank in Los Angeles, People National Bank in Miami, and Boston Bank of Commerce.

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Kevin Cohee was born in 1965. He grew up in a small town in the United States.

Kevin's early life was marked by a strong work ethic, which was instilled in him by his parents. His parents owned a small business, and Kevin would often help out with tasks around the store.

Kevin's upbringing had a significant impact on his future career choices.

Kevin Cohee is the owner, Chairman and Chief Executive Officer of OneUnited Bank, the largest Black owned bank and the first Black owned internet bank in America.

OneUnited Bank was established by unifying several community banks across the country, including Founders National Bank and Family Savings Bank in Los Angeles, People National Bank in Miami, and Boston Bank of Commerce. This unification has helped build the foundation to solve the longstanding problem of access to capital in inner city communities.

Through Mr. Cohee’s visionary leadership, OneUnited Bank has exceeded industry averages year after year regarding asset growth and profitability. From 1996 to the present, OneUnited assets have grown from $56 million to over $650 million.

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OneUnited Bank is a Community Development Financial Institution (CDFI) designated by the Treasury Department, which means they have demonstrated their dedication to uplifting underserved urban communities in Boston, Miami, Los Angeles, and beyond.

The bank has lent nearly $1 billion over the past five years, primarily benefiting low to moderate-income communities, while maintaining minimal losses.

Here are some key statistics about OneUnited Bank's financial performance:

OneUnited Bank's dedication to financial literacy is evident through their comprehensive Money Smart Workshops, where they empower urban communities with the knowledge and tools to manage budgets, improve credit, and prioritize savings.

The bank's direct-to-consumer approach allows individuals and families to become active participants in the movement towards financial empowerment.

By entrusting your deposits to OneUnited Bank, you become a powerful force driving impactful initiatives that fuel the growth of our communities.

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OneUnited Bank is a trailblazing African-American-owned trust company headquartered in Boston, Massachusetts.

The bank is a Community Development Financial Institution (CDFI) designated by the Treasury Department, demonstrating its dedication to uplifting underserved urban communities.

OneUnited Bank operates in Boston, Miami, Los Angeles, and beyond, serving individuals and families through its direct-to-consumer approach.

This approach allows individuals and families to become active participants in the movement towards financial empowerment.

The bank has lent nearly $1 billion over the past five years, primarily benefiting low to moderate-income communities.

OneUnited Bank maintains minimal losses while achieving its lending goals.

The bank offers comprehensive Money Smart Workshops to empower urban communities with financial literacy.

These workshops provide individuals with the knowledge and tools to manage budgets, improve credit, and prioritize savings.

OneUnited Bank's mission-driven deposit programs support impactful initiatives that ignite community development.

By entrusting deposits to OneUnited Bank, individuals become a powerful force driving impactful initiatives.

The bank uses deposits to finance affordable housing, ignite entrepreneurship, and unlock economic opportunities in low to moderate-income neighborhoods.

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