First Independence Bank

357913

7310 Woodward Ave, Suite 101, Detroit, MI, 48202  

First Independence Bank’s mission is to be a beacon for capital accumulation for individuals and business entities by delivering financial services with an affinity for under-served and minority communities. First Independence Bank, a state‐chartered commercial bank, complies with all applicable laws, rules, regulations, and ordinances.


First Independence Bank’s mission is to be a beacon for capital accumulation for individuals and business entities by delivering financial services with an affinity for under-served and minority communities. First Independence Bank, a state‐chartered commercial bank, complies with all applicable laws, rules, regulations, and ordinances of the City of Detroit, the County of Wayne, the State of Michigan, and the federal government. FIB has experience providing services to entities and individuals of varying size and complexity. FIB conforms to National Automated Clearing House Association rules. All depositors of First Independence Bank are insured by the FDIC up to $250, 000.

First Independence Bank opened its doors on May 11, 1970. We have served the banking needs of the Detroit Metropolitan area for over 50 years and remain one of two banks headquartered in the City of Detroit, as well as the only African American‐owned bank headquartered in the State of Michigan. Treasury Management Services are generally managed from our Headquarters on Woodward Avenue in Detroit.


LENDING PROFILE

First Independence Bank arranges the following loan types:
  • RESIDENTIAL: Hard Money , FHA , USDA , HELOC , VA , Portfolio
  • COMMERCIAL: Hard Money , Portfolio
  • LAND: Hard Money
Lending territories: MI

7310 Woodward Ave, Suite 101, Detroit, MI, 48202  

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