Scholarship on the geography of US retail financial services consistently finds racialized patterns in the locations of traditional (e.g. banks, credit unions) and higher-cost or alternative (e.g. payday lenders, check cashers) financial services. While scholars tend to offer explanations based on spatial void and market segmentation hypotheses, we theorize these racialized patterns as consistent with a social reproduction of investment and divestment. We use a novel, longitudinal dataset that follows census tract- and neighborhood-level changes in racial demographics and financial services in Detroit during the pre- and post-Recession periods. Changes in the locations of financial services follow changes in racial demographics, which occur in addition to the well-documented practice of targeting or avoiding tracts and neighborhoods based on their racial majority. These racialized patterns are heightened in the post-Great Recession period.