City Dedicates Market Street Block to Emma Chappell
Philadelphia has renamed the 700 block of Market Street to Emma Chappell Way, honoring the groundbreaking banker and community leader. Chappell, the first Black woman to establish a bank in the city, made a lasting impact on financial empowerment and economic equity.
This dedication was led by Chappell’s daughter, Tracey Carter, and received unanimous approval from the City Council. The tribute recognizes Chappell’s legacy in banking, economic development, and advocacy for Black-owned businesses.
A Visionary in Banking and Economic Empowerment
Emma Chappell founded the United Bank of Philadelphia in 1992, making history as the first Black woman to establish and run a bank in the city. The institution aimed to support Black entrepreneurs and underserved communities with financial resources.
Before launching the bank, Chappell worked at Continental Bank, where she became the first female vice president and the first Black vice president of a commercial bank in Pennsylvania. She led the community loans program, approving over $30 million for Black-led businesses.
A Life Committed to Social and Political Change
Beyond banking, Chappell was an advocate for economic justice. She served as the treasurer for Jesse Jackson’s 1984 presidential campaign and later worked with the Rainbow PUSH Wall Street Project to promote corporate diversity.
Her leadership extended to founding Altroy International in 2008 and advising Pennsylvania Governor Tom Wolf’s transition team in 2015. She co-founded the Black Women’s Leadership Council, which continues her work in economic empowerment.
Honoring a Legacy of Strength and Advocacy
Chappell’s contributions earned her five honorary degrees and hundreds of awards, but her family considers the street dedication the highest honor. “She was a pioneer, a visionary banker, a community advocate, and a civic leader,” Carter said during the council session.
Joann Bell, chair of the Black Women’s Leadership Council, emphasized Chappell’s lasting impact: “She was a strong Black woman who wanted economic empowerment for the Black community—churches, houses, businesses. We will continue her mission.”
A Permanent Tribute to a Trailblazer
The resolution to rename the street was introduced by Councilmember Mark Squilla and co-sponsored by 15 other members. The change ensures that future generations recognize Chappell’s influence on Philadelphia’s financial and social landscape.
Her name will now stand permanently on Market Street, serving as a reminder of her trailblazing work and unwavering dedication to economic justice.
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