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OneUnited Bank, headquartered in Boston, Massachusetts, is a bank that operates via branch locations in California, Florida, and MA and via a direct-to-consumer Internet platform. OneUnited is owned by African-Americans and designed to serve African-American communities within its three state footprint and on the web. The bank also has the US Treasury Department's community development financial institution (CDFI) designation. OneUnited offers competitive mortgage and refinance rates, savings accounts, CDs, and special Internet-only products. OneUnited Bank's history begins in 1982, when the Boston Bank of Commerce was formed to serve African-American communities. Kevin Cohee took over the bank in 1995 and began focusing on growth through acquisitions. Boston Bank of Commerce successfully expanded into Florida and California through acquisitions, and it became OneUnited in 2002. OneUnited has won the Treasury Department's Bank Enterprise Award five times, from 2004-2008. OneUnited Bank offers deposit products and home loans. Its deposit products include checking, savings, money market accounts, and certificates of deposit (CDs). Additionally, the bank offers Internet-only products, such as UNITY E-Style Checking (no monthly fees with direct deposit), U2 Savings, UNITY Gold E-Money Market, UNITY Gold 120 Day E-CD, and UNITY Gold Four Year CD. As a mortgage lender, OneUnited offers 15 and 30 year fixed rate mortgages and 5/1, 7/1, and 10/1 adjustable rate mortgages (ARMs) pegged to LIBOR. See how OneUnited interest rates stack up on RateZip! OneUnited Bank Locations: California - 1. 3683 Crenshaw Blvd. Los Angeles, California 90016 2. 205 E. Compton Blvd. Compton, CA 90220 3. 6810 La Tijera Blvd. Los Angeles, CA 90045 4. 1335 N. Lake Ave. Pasadena, CA 91104 5. 4143 Crenshaw Blvd. Los Angeles, CA 90008 Florida - 1. 3275 NW 79th Street Miami, Florida 33147 Massachusetts - 1. 100 Franklin Street Boston, Massachusetts 02110 2. 2343 Washington Street Roxbury, MA 02119 3. 648 Warren Street Dorchester, MA 02121 This bank profile is not an endorsement or advertisement for the bank's products and services. RateZip is an independent publisher of bank information.