Maggie Lena Walker - Maggie L Walker National Historic Site (U.S. National Park Service) (2024)

Maggie Lena Walker - Maggie L Walker National Historic Site (U.S. National Park Service) (1)

Who Was Maggie Lena Walker?

Introduction

In spite of humble beginnings in post-Civil War Richmond, Virginia, Maggie Lena Walker achieved national prominence as a businesswoman and community leader. Her business acumen, personality, and lifelong commitment to a beneficial burial society fueled her climb to success. She was the first African American woman in the United States to found a bank. As a leader her successes and vision offered tangible improvements in the way of life for African Americans and women.

Achievements

When she was a teenager, Maggie Mitchell joined the local council of the Independent Order of St. Luke. This fraternal burial society, established in 1867 in Baltimore, administered to the sick and aged, promoted humanitarian causes and encouraged individual self-help and integrity.

She served in numerous capacities of increasing responsibility for the Order, from that of a delegate to the biannual convention to the top leadership position of Right Worthy Grand Secretary in 1899, a position she held until her death. Under her leadership the Order's membership and numbers of councils were significantly increased throughout the country and its finances achieved solvency. Through sound fiscal policies, a genius for public relations and enormous energy, she took a dying organization, gave it life and helped it thrive.

In 1902 Mrs. Walker established a newspaper, The St. Luke Herald, to promote closer communication between the Order and the public. In speeches Mrs. Walker had reasoned, "Let us put our money together; let us use our money; Let us put our money out at usury among ourselves, and reap the benefit ourselves." In 1903 she founded the St. Luke Penny Savings Bank. Mrs. Walker served as the bank's first president, which earned her the recognition of being the first African American woman to charter a bank in the United States. Later she agreed to serve as chairman of the board of directors when the bank merged with two other Richmond banks to become The Consolidated Bank and Trust Company. Until 2009, the bank thrived as the oldest continually African American-operated bank in the United States.

In addition to her work for the Independent Order of St. Luke, Maggie Walker was active in civic groups. As an advocate of African American women's rights, she served on the board of trustees for several women's groups. Among them were the National Association of Colored Women (NACW) and the Virginia Industrial School for Girls. To assist race relations she helped to organize and served locally as vice president of the National Association for the Advancement of Colored People (NAACP) and was a member of the national NAACP board. She also served as a member of the Virginia Interracial Commission.

Family Life

Maggie Lena Mitchell was born in Richmond, Virginia July 15, 1864. Her mother, Elizabeth Draper, was a former slave and assistant cook in the Church Hill mansion of Elizabeth Van Lew, a Civil War spy. Later, Elizabeth and her husband William Mitchell moved the family to their own home in an alley between Broad and Marshall streets where Maggie and her brother Johnnie were raised. After the untimely death of William Mitchell in 1876, Maggie's mother supported the family by working as a laundress and young Maggie helped by delivering the clean clothes.

Maggie Mitchell was educated in Richmond's public schools. After graduation she taught grade school for three years. Her teaching career ended in 1886 when she married Armstead Walker, Jr. She then directed her energies toward caring for her family and strengthening the Independent Order of St. Luke. Life was full and prosperous for the Walkers and their sons, Russell and Melvin.

Tragedy struck in 1915 when her husband was accidentally killed, leaving Mrs. Walker to manage a large household. Her work and investments kept the family comfortably situated. When her sons married they brought their wives to 110 1/2 East Leigh Street. A major addition to the house in 1922 enabled Mrs. Walker to provide a home for her sons and their families, her mother, and the household staff.

Mrs. Walker's health gradually declined, and by 1928 she was using a wheelchair. Despite her physical limitations she remained actively committed to her life's work including chairman of the bank and leader of the Independent Order of St. Luke until her death on December 15,1934.

The House

The residence at 110 1/2 East Leigh Street was built in 1883. The address became a prime location in the heart of Jackson Ward, the center of Richmond's African American business and social life at the turn of the century. The Walkers purchased the house in 1904 and soon began making changes. Central heating and electricity were added, and with the addition of several bedrooms and enclosed porches, the home increased from 9 to 28 rooms. In 1928 an elevator was added in the rear of the house to provide Mrs. Walker access to the second floor.

The Walker family owned the home until 1979, when it was purchased by the National Park Service.

Most of the furnishings throughout the home are original family pieces. They are valuable in understanding the 1904–1934 period of her occupancy. Together the house and the furnishings help us to learn more about Maggie Walker and the world in which she lived. Her community of Jackson Ward, a National Historic Landmark District, continues to exemplify the success of African American entrepreneurship.

Maggie Lena Walker - Maggie L Walker National Historic Site (U.S. National Park Service) (2024)

FAQs

Why is Maggie L Walker so important? ›

Maggie Lena Walker was an African American entrepreneur and civic leader who broke traditional gender and discriminatory laws by becoming the first Black woman to establish and become president of a bank in the United States—the Saint Luke Penny Savings Bank in Richmond.

What happened to Maggie Lena Walker? ›

Mrs. Walker's health gradually declined, and by 1928 she was using a wheelchair. Despite her physical limitations she remained actively committed to her life's work including chairman of the bank and leader of the Independent Order of St. Luke until her death on December 15,1934.

Was Maggie Lena Walker a member of the National Negro Business League? ›

Walker (born Maggie Lena Draper) rose from a modest childhood as the daughter of an enslaved woman in Richmond, Virginia to become a prominent banker, entrepreneur, member of The National Negro Business League, suffragist, and community leader in in the early 20th century.

What are three positions that Maggie Walker held over the course of her career? ›

Expert-Verified Answer. Entrepreneur, teacher, and the president of a bank in the United States are three positions that Maggie Walker held over the course of her career.

What was Maggie L Walker's favorite color? ›

Walkers favorite color--green.

How does Maggie Lena Walker keep her bank alive after the stock market crash of 1929? ›

When the stock market crashed in 1929, Walker kept her bank alive by merging with another black-owned bank. The merger resulted in the Consolidated Bank and Trust Company, which survived until 2005. And it was considered the longest operating black bank in America. Walker died in 1934.

What are some fun facts about Maggie L Walker? ›

Maggie Walker was both the first African American woman to charter a bank and the first African American woman to serve as a bank president. Her legacy lives on today because of how, through her dedication and commitment, she achieved her goal to provide a much-needed service and become a pillar in her community.

What bank did Maggie Lena Walker found? ›

Walker was the first Black woman to found a U.S. bank. Maggie Lena Walker built the St. Luke Penny Savings Bank to last. When it opened its doors in Richmond's Jackson Ward district in 1903, Walker became the first Black woman to establish a bank in the United States.

Where did Maggie L Walker live? ›

Who was the black woman who started a bank? ›

National Park Service. In November 1903, Maggie L. Walker (1864-1934) chartered the Saint Luke Penny Bank in Richmond, VA. She was the first African American woman to establish a bank in the United States.

Who was the first black woman owned business? ›

Madam C. J. Walker
DiedMay 25, 1919 (aged 51) Irvington, New York, U.S.
Resting placeWoodlawn Cemetery (Bronx, New York)
OccupationsBusinesswoman hair care entrepreneur philanthropist activist
Known forFounder of Madam C. J. Walker Manufacturing Company
6 more rows

Did Maggie Lena Walker have siblings? ›

Walker's brother, Johnnie, died of tuberculosis at 22; her mother, Elizabeth passed away in 1922; her husband Armstead was accidentally killed by her son Russell in 1915; and both Russell and his brother, Melvin, died in their mid-thirties.

What was Maggie Walker's first job? ›

Within a few months, she was a teacher at one of the African American schools in the city. Maggie taught until 1886, when she married Armstead Walker Jr. The Richmond school district did not permit married women to teach, so she had to give up her coveted job. By then, Reconstruction had been over for nearly a decade.

Who was Maggie Walker's mother? ›

Elizabeth Draper Mitchell was the mother of Maggie Lena Walker, who raised her alone and through her life she gave her daughter the advantages of an education, taught her the values of hard work that she would carry the rest of her life and continued to live with her daughter for her whole life in Richmond, VA.

When and where was Maggie Walker born? ›

References

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