Penny Savings Bank, 1925, Augusta

The Penny Savings Loan and Investment Company was formed by a group of Augusta’s leading Black businessmen in 1910. This structure, based on designs by architect G. Lloyd Preacher, was built in 1925. An anchor of the Black business district known as the “Golden Blocks”, it closed its doors in 1928 as a result of economic woes and the looming Great Depression. Though stable, the structure has been long abandoned and attempts at rehabilitation have not materialized.

Laney-Walker North Historic District, National Register of Historic Places

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