Uncovering the Legacy of Maggie Lena Walker
Uncovering the legacy of Maggie Lena Walker is easier today than when I was in school.
Mrs. Walker was an accomplished businesswoman and activist, who left a remarkable legacy of success. She was a newspaper publisher, bank founder, an active community leader, and a dedicated family woman.
At a time and in a segregated place, Richmond, VA, this African American woman achieved breakthroughs beyond any reasonable expectation for herself and her community.
Establishing a financial institution.
There is debate about her status as the nation’s first female bank president. There is little debate regarding her being the first woman to single-handedly charter a bank—the handful of women who preceded her as bank presidents ascended to their positions at existing banks or formed them with male counterparts.
In 1903, she founded the St. Luke Penny & Savings Bank from an idea she floated in a 1901 speech.