Edwin B. Scott (February 12, 1928 – May 30, 2013) was a prominent American businessman, civil rights activist, and philanthropist, best known for his long tenure as President and CEO of Industrial Bank of Washington. He played a significant role in the economic development and civil rights movements in the District of Columbia and beyond, becoming a respected leader in the Black business community.
Early Life and Education Born in Washington, D.C., Edwin Scott grew up in the city's historic Shaw neighborhood. He attended Dunbar High School, a prestigious institution known for educating many African-American leaders. After high school, he pursued higher education at Howard University, where he earned a Bachelor of Arts degree.
Career Scott began his career in the financial sector, eventually joining the Industrial Bank of Washington, one of the nation's oldest and most respected Black-owned banks. He ascended through the ranks, demonstrating exceptional leadership and business acumen. In 1974, he was appointed President and CEO, a position he held for three decades until his retirement in 2004. Under his leadership, Industrial Bank expanded its reach and commitment to serving minority communities, providing crucial financial services and fostering economic empowerment.
Beyond his role at Industrial Bank, Scott also served on the boards of several corporations and organizations, leveraging his expertise to promote economic growth and community development.
Civic Engagement and Philanthropy Edwin Scott was a tireless advocate for civil rights and community advancement. He was deeply involved in the Civil Rights Movement, believing strongly in economic self-sufficiency as a path to equality. His civic contributions included:
- Washington Urban League: He chaired the board of the Washington Urban League, working to secure economic self-reliance, parity, power, and civil rights for African Americans.
- Greater Washington Board of Trade: Scott was an influential member and often served in leadership capacities within this key regional business organization.
- Presidential Appointments: His expertise and standing were recognized at the national level, leading to appointments on various presidential commissions and task forces, including President Ronald Reagan's Private Sector Initiatives Task Force.
- Philanthropy: Scott was known for his philanthropic efforts, supporting educational institutions, arts organizations, and community programs aimed at improving the lives of D.C. residents.
Legacy Edwin Scott's legacy is marked by his unwavering commitment to economic empowerment and social justice. He helped build and sustain a vital financial institution that served as a cornerstone for Black entrepreneurship and community wealth-building in Washington, D.C. His leadership, both in business and in civil rights, left an indelible mark on the nation's capital and inspired countless individuals.
Death Edwin B. Scott passed away on May 30, 2013, in Washington, D.C., at the age of 85.