Walter Scott Banks (13 December 1885-17 October 1970) was an African-American banker and president of the Consolidated Bank & Trust Company from 1950 to 1958. Born in Goochland, the descendant of free men of color who fought in the American Revolutionary War, he was raised in York, Pennsylvania and in Richmond, where he worked as a porter for a shoe store before becoming an elevator operator and ultimately the manager of the shoe department of the Black-owned Saint Luke Emporium on Broad Street in 1905. He became an agent for the Richmond Beneficial Insurance Company in 1906, and he became its traveling superintendent in 1911. He became cashier of the Second Street Savings Bank in 1920, and it merged with the Saint Luke bank and Trust Company in 1930 to form the Consolidated Bank and Trust Company. He served as secretary-treasurer, while Maggie L. Walker became chairwoman of the board and Emmett C. Burke served as president. In 1950, Banks succeeded Burke as bank president, and he retired in 1958, having overseen a 51% increase in his bank's assets. He served for several years on the advisory board of the Richmond Redevelopment and Housing Authority and died in 1970.