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William Hudgins

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Information about William Hudgins

Profile image of William Hudgins

Profession

Category:
BusinessMakers
Occupation(s):
Bank Chief Executive
Banker

Favorites

Favorite Color:
Yellow
Favorite Food:
Fish, Chicken, Cabbage
Favorite Time of Year:
Summer
Favorite Vacation Spot:
Florida
Favorite Quote:
Keep the faith.

Birthplace

Born:
4/30/1907
Birth Location:
Richmond, Virginia

Profession

Category:
BusinessMakers
Occupation(s):
Bank Chief Executive
Banker

Favorites

Favorite Color:
Yellow
Favorite Food:
Fish, Chicken, Cabbage
Favorite Time of Year:
Summer
Favorite Vacation Spot:
Florida
Favorite Quote:
Keep the faith.

Birthplace

Born:
4/30/1907
Birth Location:
Richmond
See how William Hudgins is related to other HistoryMakers

Biography

Banker William Hudgins was born on April 30, 1907, in Richmond, Virginia, and was adopted by Agnes and William Hudgins at the age of two. He attended John Pierce Academy in New York for real estate and bank management after high school. Hudgins then studied business and real estate at Columbia University, and later received an honorary L.H.D. from Shaw University in 1968.

Hudgins began his career in door-to-door sales and real estate in New York City. He and real estate rival Robert Bell formed B&H Realty Corporation and, with business soaring, formed another side-venture, Best Yet Hair Products mail order company for black women, in 1943. Best Yet Hair Products had an exclusive arrangement with China and specialized in the manufacture of human hair wigs. With the success of his business arrangements, Hudgins became the first African American in the merchant's division of the Uptown Chamber of Commerce.

Hudgins organized Carver Bank with seven other community leaders in Harlem in 1948. He served as president of Carver Bank for eighteen years before resigning to join a group that included baseball great Jackie Robinson in forming the Freedom National Bank to help meet the needs of the Harlem community by providing low-cost loans to home owners and small businesses who had difficulty obtaining loans from large banks. Hudgins was the first president of Freedom National Bank, which, after six years under Hudgin's presidency, grew to be the largest bank in the United States owned and operated by African Americans. He has served on numerous business and civic boards and has received various honors. He married his wife, Dorothy, in New York City in 1979. Hudgins passed away on August 31, 2007.

See how William Hudgins is related to other HistoryMakers
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  • Tape: 1 Story: 1 - Slating of Willian Hudgins interview
  • Tape: 1 Story: 2 - Slating of William Hudgins interview continued: dates and location
  • Tape: 1 Story: 3 - William Hudgins's favorites
  • Tape: 1 Story: 4 - William Hudgins describes his family background
  • Tape: 1 Story: 5 - William Hudgins shares memories from his childhood
  • Tape: 1 Story: 6 - William Hudgins describes his adoptive parents
  • Tape: 1 Story: 7 - William Hudgins discusses his early religious upbringing
  • Tape: 1 Story: 8 - William Hudgins recalls changes in family structure during his youth
  • Tape: 1 Story: 9 - William Hudgins details his early travels, marriage and career pursuits
  • Tape: 2 Story: 1 - William Hudgins recalls establishing his Model Beauty Salon
  • Tape: 2 Story: 2 - William Hudgins considers the success of his hair product manufacturing business
  • Tape: 2 Story: 3 - William Hudgins describes his business relationship with China
  • Tape: 2 Story: 4 - William Hudgins talks about his future business endeavors
  • Tape: 2 Story: 5 - William Hudgins discusses his dealings in the real estate industry
  • Tape: 3 Story: 1 - William Hudgins details a profitable real estate venture
  • Tape: 3 Story: 2 - William Hudgins reflects on his success in the liquor industry
  • Tape: 3 Story: 3 - William Hudgins remembers his business advisors
  • Tape: 3 Story: 4 - William Hudgins details the founding of Carver Federal Savings Bank, Harlem, New York
  • Tape: 3 Story: 5 - William Hudgins comments on the success of the Carver Federal Savings Bank, Harlem, New York
  • Tape: 3 Story: 6 - William Hudgins details his involvement with Freedom National Bank
  • Tape: 4 Story: 1 - William Hudgins details his experiences at Freedom National Bank, Harlem, New York
  • Tape: 4 Story: 2 - William Hudgins talks about the difficulty in establishing the charter for Freedom National Bank
  • Tape: 4 Story: 3 - William Hudgins discusses Jackie Robinson and the demise of Freedom National Bank
  • Tape: 4 Story: 4 - William Hudgins comments on Dr. King's financial transactions at Freedom National Bank
  • Tape: 4 Story: 5 - William Hudgins talks briefly about the Freedman's Bank during the Civil War
  • Tape: 4 Story: 6 - William Hudgins talks about other black-owned banks in the United States
  • Tape: 4 Story: 7 - William Hudgins gives his views on African American business enterprises
  • Tape: 4 Story: 8 - William Hudgins discusses his daughter's business endeavors
  • Tape: 4 Story: 9 - William Hudgins discusses his involvement with 100 Black Men of America, Inc.
  • Tape: 5 Story: 1 - William Hudgins discusses his family members
  • Tape: 5 Story: 2 - William Hudgins details his family's education and business pursuits
  • Tape: 5 Story: 3 - William Hudgins comments on the legacy of wealth in African American families
  • Tape: 5 Story: 4 - William Hudgins shares political reflections
  • Tape: 5 Story: 5 - William Hudgins acknowledges influential political and business leaders
  • Tape: 5 Story: 6 - William Hudgins reflects on the business developments of the black community
  • Tape: 5 Story: 7 - William Hudgins remembers his foster sister
  • Tape: 5 Story: 8 - William Hudgins reflects on his life's course