Freedmen's Savings Bank and Trust Company

Freedmen's Savings Bank and Trust Company is a Tennessee historical marker in Maury County.

700 North Main Street

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In 1865, the U.S. Congress chartered the Freedmen's Savings and Trust Company, known as the Freedmen's Bank, to aid freed persons in their transition from enslavement to freedom. In 1870, Samuel M. Arnell and J.P. Baird established the Columbia, Tennessee branch in a room over the McGaw Livery Stable at Sixth and North Main Streets. This branch was one of four branches and the last one established in Tennessee. After several successful years, the freedmen deposited more than $57 million. In 1874, the Freedmen's Bank closed all of its branches due to mismanagement and the financial panic of 1873.

TodayHistorical map

Slide toward Today to fade the historical sheet and see the modern map underneath.

David Rumsey Map Collection, Stanford Libraries

Historical maps covering this location

1838 · Kentucky (T.G. Bradford, 1838) (Barry Lawrence Ruderman Map Collection, Stanford Libraries)
1844 · Kentucky (H. S. Tanner, 1844) (Barry Lawrence Ruderman Map Collection, Stanford Libraries)
1862 · Johnson's Kentucky & Tennessee (1862) (Barry Lawrence Ruderman Map Collection, Stanford Libraries)
1864 · Kentucky And Tennessee (David Rumsey Map Collection, Stanford Libraries)
1901 · Colombia, Tennessee (USGS Historical Topographic Map Collection)

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Marker text and location from the Tennessee Historical Commission, as the Commission publishes them on its marker map.

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