2021 NBCA Hall of fame Inductee Chairman's award

Alden J. McDonald, Jr.

Alden J. McDonald, Jr. is President and CEO of Liberty Bank and Trust Company, one of the top  African American owned financial institutions in the United States. McDonald oversees an  expanding network of financial institutions serving urban communities and provides leadership  in community development to a diverse customer base throughout America. He is recognized as  a passionate advocate and dynamic catalyst in providing avenues for economic growth, home  ownership, wealth building and leadership development in the African American community. Mr.  McDonald has gained a national reputation as a creative, insightful, yet practical problem solver  who has developed mortgage and banking products that enhance the opportunities for the  financially underserved, as well as upwardly mobile populations of America’s cities. 

A graduate of the LSU School of Banking and of Columbia University’s Commercial Banking  Management Program, Mr. McDonald has celebrated over 50 years. Under his stewardship,  Liberty has grown from an initial asset base of $2 million to more than $700 million in assets.  Over the past ten (10) years, Liberty has closed over one billion dollars in loans. Liberty now  operates financial institutions in nine (9) states and eleven (11) major urban areas. Liberty is  now the largest African American owned bank in America! 

Following Hurricane Katrina, Mr. McDonald’s extraordinary efforts in rebuilding the bank and  providing guidance in the recovery of New Orleans has been chronicled in the New York Times.  He was recognized as one of the most dynamic African American business leaders in Fortune  Magazine and he has been celebrated on numerous occasions in Black Enterprise magazine and  several local and national publications. 

In addition, Mr. Mc Donald has served on the boards of numerous local, regional, and national  institutions and agencies, including the FDIC Advisory Committee on Economic Inclusion,  Xavier University, Resilient Louisiana Commission, New Orleans Business Council, New Orleans  Business Alliance and LCMC Health. 

Recognized locally and nationally for his many endeavors, Mr. McDonald received an Honorary  Doctorate Degree, Loyola University New Orleans. He is a Times Picayune “Loving Cup” honoree.  He received the 2013 100 Black Men, Inc.’s Trailblazer award, the 2012 National Urban League’s  Business Pioneer Award and was one of Fortune magazine’s 2006 Portraits of Power.