• Collage of images, including Maggie Walker, her home, and the St. Luke Penny Savings Bank

    Maggie L Walker

    National Historic Site Virginia

History & Culture

Bust of Maggie L. Walker

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, 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 was 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 and all the contents were purchased by the National Park Service.

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.

Did You Know?

Booker T. Washington

While Mrs. Walker is known as the first African American woman to found and be president of a bank, much of her work was in the early 20th Century Civil Rights Movement with her friends Booker T. Washington, Mary Church Terrell, and Mary McLeod Bethune.