- Great American Business Leaders of the Twentieth Century
Lorimer D. Milton
Citizens Trust Bank
1927 - 1971
Finance
b. 1898
| Education |  |
|---|---|
| Undergraduate | Brown University |
| Graduate | MA, Brown University |
| Personal | |
|---|---|
| Born-Died | 1898 - 1986 |
| Birthplace | Virginia (VA) |
| Race | Black or African American |
| Father | Laborer, Un-/Semi-skilled |
Under Milton’s leadership, Citizens Trust grew to become one of the top five black-owned financial service institutions in the United States by 1940. It was the first black-owned bank to become a member of the Federal Reserve and Federal Deposit Insurance Corporation. Through Citizens Trust, Milton helped to create and fund a number of new black-owned enterprises in the south.