OneUnited Bank is primarily owned by its top executives, Kevin Cohee and Teri Williams, alongside its board of directors and management team, solidifying its identity as a Black-owned financial institution.
Understanding OneUnited Bank's Ownership Structure
OneUnited Bank, known as the largest Black-owned bank in the United States, has a clear ownership framework that underscores leadership and community commitment. This structure reflects the bank's dedication to its mission and core identity.
Majority Shareholders
The controlling interest in OneUnited Bank is held by its senior leadership, who are instrumental in guiding the bank's strategic direction and operations.
| Role | Owner Name |
|---|---|
| Chairman & Chief Executive Officer | Kevin Cohee |
| President & Chief Operating Officer | Teri Williams |
These individuals hold the majority of the bank's shares, ensuring strong leadership and continuity.
Additional Stakeholders
Beyond the primary owners, shares in OneUnited Bank are also distributed among other key figures within the organization:
- The Board of Directors: Every member of the bank's board of directors holds shares, aligning their personal investment with the bank's long-term success and governance.
- The Management Team: The entire management team also possesses shares, fostering a shared sense of ownership and responsibility for the bank's performance.
It is important to note that the majority of both the board of directors and the management team are African American, further reinforcing OneUnited Bank's foundational identity and commitment to its community.
The Significance of Black Ownership
OneUnited Bank's ownership by African American individuals is a critical component of its identity and mission. This fundamental aspect underpins its role in serving diverse communities and promoting economic empowerment. It stands as a testament to its heritage and ongoing dedication to racial equity in the financial sector.
