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 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.

Regarding our Bank On approved seal for 2023-2024:  

The Cities for Financial Empowerment Fund (“CFE”) owns common law certification mark rights in the “Bank On” seal (the “Certification Mark”). As the provider of a banking account that has been certified as meeting CFE's Bank On National Account Standards (the "Standards"), you (“Licensee”) and your agents are hereby licensed to use the Certification Mark, a digital copy of which is provided herewith. By use of the Certification Mark, Licensee agrees to the following terms: 

Licensee acknowledges that CFE owns the entire right, title and interest to the Certification Mark. CFE hereby grants to Licensee a non-exclusive, non-assignable, non-sublicensable license to use the Certification Mark in association with the provision of the First Choice Checking account (the "Account") to the public. The term of this license shall commence on the date the Account was certified as meeting the Standards and shall terminate on the last day of the latest calendar year displayed on the Certification Mark.
Licensee is not entitled to use the Certification Mark other than under the terms of this license.
Licensee acknowledges that license rights to use this Certification Mark are contingent upon the Account’s continued compliance with the terms upon which certification was determined and granted. 

First Independence Bank

First Independence Bank's headquarters in Detroit, MI, United States

The Lending and Finance Team at First Independence Bank is responsible for managing loan production, commercial and consumer lending, and financial controls. This team facilitates capital accumulation for individuals and businesses, with a special focus on under-served and minority communities. Key roles within the team include overseeing loan production, directing commercial and consumer lending efforts, and ensuring robust financial oversight.

Lending and Finance Team

The Leadership Team at First Independence Bank is responsible for setting the strategic direction and overall governance of the bank. This high-level team ensures that the bank adheres to regulatory requirements, drives financial performance, and maintains its commitment to under-served and minority communities. Team members manage various critical functions, including compliance, credit, investments, technology, and human resources, ensuring the bank operates efficiently and continues to serve the Detroit Metropolitan area effectively.

Leadership Team

The Credit and Investment Administration team at First Independence Bank is responsible for overseeing the bank's credit risk, investment strategies, and asset management. Led by key executives, the team ensures prudent lending practices, optimizes investment portfolios, and manages the bank's financial assets to support sustainable growth and serve under-served and minority communities effectively.

Credit and Investment Administration

The Bank Operations Team at First Independence Bank oversees the efficient functioning of daily banking activities, ensuring compliance with regulatory standards, and optimizing operational processes. This team supports branch operations, manages transaction processing, and maintains high standards of customer service to meet the financial needs of the Detroit community, particularly under-served and minority populations.

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People (6)

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Other teams

Leadership Team

Credit and Investment Administration

Bank Operations Team

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People (6)

Jobs (0)

Other teams

Leadership Team

Credit and Investment Administration

Bank Operations Team

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