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Mon, 07.15.1867

Maggie L. Walker, Businesswoman born

Maggie L. Walker

On this date in 1867, Maggie Lena Walker was born. She was a Black businesswoman, civic leader.

Walker spent her childhood at the Van Lew Mansion in Richmond, VA, where her mother, a former slave, worked as a cook’s helper.  Miss Van Lew, an abolitionist, made sure that all of her servants received a good education. It was here that Walker began to learn the value and importance of learning.  Like many educated Black women during that time, Walker's first contribution was in the field of education.  She taught in the public school system after her graduation from Armstrong Normal School in Richmond.  She left the teaching profession after her marriage and soon saw the limited availability of jobs for Black women.

It was Walker's belief that Black women in America had an instrumental part to play in the economic and political success of the Black community. In 1903, she founded the Saint Luke Penny Saving Bank in Richmond, (her hometown).  She retired for health reasons in 1933.  Maggie Walker, the first Black female bank president in America died on December 15, 1934.  The bank survived the depression and remains solvent to this day.

To be a Financial Analyst


Black Women in America: An Historical Encyclopedia
Volumes 1 and 2, edited by Darlene Clark Hine
Copyright 1993, Carlson Publishing Inc., Brooklyn, New York
ISBN 0-926019-61-9

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