JESSE BINGA - RISE AND FALL OF CHICAGO'S RICHEST BLACK BANKER

Jesse Binga opened doors for African-American Chicagoans. Outside of politics and policy, few figures in the Bronzeville neighborhood of Chicago loomed as large as Jesse Binga. Arriving in Chicago in 1893, Binga began buying up run-down buildings, fixing them up and renting them to black tenants. Binga would repair, renovate, and maintain them himself. He was able to rent out his properties at a premium due to the influx of African-Americans from the south.

Within fifteen years Jesse Binga was one of the richest African Americans in the city, and in 1908 he started his own bank. Binga was the first Black to own a bank in the north. In 1910, he married Eudora Johnson, the daughter of the “Richest Negro in Chicago,” policy kingpin John Mushmouth Johnson. Binga was one of Chicago's South Side's leading black bankers and real estate men. #jessebinga #bingabank #chicagobronzeville

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