02/15/2023
Today in "Unsung (S)heroes of Black History:"
Maggie Lena Walker
Whether or not a person considers Maggie Lena Walker to be “unsung” may depend on how much time that person has spent in the city of Richmond, Virginia. Walker’s birthplace and hometown owes much to this turn-of-the-century self-made millionaire, who was, at the time, among the foremost female businesswomen in America, as well as the first Black woman bank president in the US.
Raised in Richmond by her formerly enslaved mother and stepfather, Walker grew up working alongside her mother as a laundress. She attended school to become a teacher, then left teaching after her marriage to Armstead Walker, a successful brick contractor. She established a number of businesses in Richmond, including a community insurance company for women. In 1903, she founded and became the first president of the St. Luke Penny Savings Bank, making her the first African-American woman to charter a bank in the United States. The bank, now called The Consolidated Bank and Trust Company, was one of a few to survive the Great Depression and is still in operation today.
From the age of 14, Walker was an active member of the Independent Order of St. Luke’s, a philanthropic organization which provided mutual aid to Black residents of Richmond. Throughout the course of her life, she became an important leader in the organization, serving as publisher for the organization’s weekly newspaper and helping it to grow in both numbers and influence. She also held leadership positions in other civic organizations, including the board of the Virginia Industrial School for Girls, the National Association of Colored Women (NACW) and the National Association for the Advancement of Colored People (NAACP).
Walker’s house in Richmond is run by the National Park Service as a National Historic Site. You can visit the site online here: https://www.nps.gov/mawa/index.htm.
This , let us remember the role played by those civic leaders, volunteers, and philanthropists whose work for the common good supports the growth and stability of our communities – those who we remember by name, and those whose primary recognition is in the fruit of their efforts over time.
Don’t forget! Join us for our Black History Month virtual events on February 19 and 23!
Learn more and register on our website: https://stuartcenter.org.