- Collection:
- New Georgia Encyclopedia
- Title:
- Citizens Trust Bank
- Creator:
- Lewis, Willard C.
- Date of Original:
- 2005-06-10
- Subject:
- Banks and banking--Georgia--Atlanta
Financial institutions--Georgia--Atlanta
Citizens Trust Bank (Atlanta, Ga.)
Perry, Heman E. - Location:
- United States, Georgia, Fulton County, Atlanta, 33.749, -84.38798
- Medium:
- articles
- Type:
- Text
- Format:
- text/html
- Description:
- Encyclopedia article about Citizens Trust Bank. On August 16, 1921, Citizens Trust Bank opened on Auburn Avenue in Atlanta. Its founder, African American businessman Heman Perry, served as the first chairman of the board, and Henry C. Dugas was Citizens Trust's first president. An instance of discrimination inspired the creation of the bank: Perry attempted to be fitted for a pair of socks at a white-owned store and was refused. So that black businessmen could own and operate businesses independently of white-owned financial institutions, Perry and four other partners (collectively known as the "Fervent Five") formed Citizens Trust Bank.
- Metadata URL:
- https://www.georgiaencyclopedia.org/articles/business-economy/citizens-trust-bank/
- Language:
- eng
- Additional Rights Information:
- If you wish to use content from the NGE site for commercial use, publication, or any purpose other than fair use as defined by law, you must request and receive written permission from the NGE. Such requests may be directed to: Permissions/NGE, University of Georgia Press, 330 Research Drive, Athens, GA 30602.
- Bibliographic Citation (Cite As):
- Cite as: "ARTICLE TITLE," New Georgia Encyclopedia. Retrieved [date]: http://www.georgiaencyclopedia.org.
- Original Collection:
- Forms part of the New Georgia Encyclopedia.
- Holding Institution:
- New Georgia Encyclopedia (Project)
- Rights:
-
