Great American Business Leaders of the 20th Century
Lorimer D. Milton
Citizens Trust Bank
1927–1971
1927–1971
Citizens Trust Bank
1927–1971
1927–1971
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.
Personal
- Born-Died: 1898–1986
- Birthplace: Virginia
- Race: Black or African American
- Gender: Male
- Father: Laborer, Un-/Semi-skilled
Education / Military
- Graduate: Brown University
- Undergraduate: Brown University