First Independence Bank

First Independence Bank

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Headquartered in #Detroit, MI, we remain the 3rd largest African American-owned bank in the U.S. First Independence Bank opened its doors on May 11, 1970.

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. 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. Relevant changes to either the Account or to such certification standards will occasion a subsequent determination as to the grant of this License. By acceptance of this license, Licensee agrees that CFE may monitor the provision of services provided by Licensee in association with the Certification Mark and that, in the event CFE determines that the Account does not meet the Standards, CFE may terminate this license upon 30 days’ notice. Upon termination of this license, Licensee shall immediately cease to use or display the Certification mark for any purpose whatsoever. By acceptance of this license, Licensee agrees that (a) the Certification Mark is a valid certification mark and that CFE has the sole right, subject to such licenses that may have been granted, to control the use of the Certification Mark and (b) any use of the Certification Mark License has made in the past or will make in the future will not create in Licensee any right, title or interest in the Certification Mark, but such uses shall inure to the benefit of CFE and (c) Licensee will not make any material changes to the appearance of the mark without explicit approval of the CFE Fund.

09/19/2026

Students, now that the school year is in full swing, it’s a great time to make part of your routine. 🎓💰

Opening a bank account is an important step toward learning how to manage your money, track spending, save for future goals, and develop healthy financial habits that can last well beyond graduation.

At First Independence Bank, we believe financial success starts with having the right tools, banking knowledge, and support to make confident decisions about your financial future.

Whether you’re starting college, settling into campus life, or simply ready to take greater control of your finances, make financial wellness one of your goals this school year.

➡️ Let us at First Independence help you start building your financial future!

09/18/2026

This , First Independence Bank proudly celebrates the rich cultures, histories, achievements, and contributions of Hispanic and Latino communities.

From entrepreneurs and business leaders to families, educators, creatives, and community advocates, generations of Hispanic Americans have helped strengthen our communities and shape our nation.

At First Independence Bank, we believe stronger are built when everyone has access to opportunities to grow, thrive, and build a lasting financial legacy.

We are proud to honor the stories, traditions, and impact of Hispanic and Latino communities today and for generations to come.

Photos from First Independence Bank's post 09/17/2026

⚡ The future is powered by the opportunities we create today, and the people we empower to turn those opportunities into lasting impact.

First Independence Bank was proud to join the American Association of Blacks in Energy (AABE) Michigan Chapter for its 2026 Energy Ball, bringing together leaders, partners, and community members to celebrate achievement and to support the next generation of and talent.

We were especially proud to see our Chairman and CEO, Kenneth Kelly, take the stage as the evening’s keynote speaker. Derron Sanders, Founder and CEO of Sanders Group (SG) and SG Energy Solutions and a First Independence Board member, also helped lead the celebration.

Held at Detroit’s historic Jam Handy, the Energy Ball supports scholarships, youth enrichment, community outreach, and opportunities for underrepresented students pursuing careers in STEM and clean energy.

Supporting the next generation means helping turn potential into possibility, creating pathways for young people to pursue bold ideas, build meaningful careers, and become the leaders and innovators who will move our communities forward.

We’re delighted to stand alongside organizations and leaders committed to creating those opportunities, strengthening our communities, and helping power what’s next!

09/11/2026

On this 25th anniversary of , we reflect on a day that forever changed our nation.

First Independence Bank joins communities across the country in honoring the lives lost, the heroes who answered the call, and the families whose lives were forever impacted.

May we continue to carry forward the courage, compassion, and unity that brought people together during one of our nation’s most difficult moments.

We remember. We honor. We will .

09/10/2026

First Independence Bank proudly honors Dr. Robert Orr, one of the Bank’s founding organizers, whose vision and commitment helped lay the foundation for the institution we are today.

Dr. Orr’s leadership was part of a larger mission to create greater access to financial services, economic opportunity, and pathways to prosperity for the communities we serve. His contributions remain an important part of First Independence’s history and legacy.

Today, we celebrate Dr. Orr and recognize the lasting impact of those who had the vision to build something that would serve generations to come.

Thank you, Dr. Orr, for helping pave the way.

09/10/2026

play a critical role in helping communities grow and thrive.

Serving as Chairman of the American Bankers Association while leading First Independence Bank as Chairman and CEO, Kenneth Kelly is bringing an important perspective to the national conversation about the future of banking and its role in strengthening families, businesses, and local economies.

In his latest op-ed for American Banker, Chairman Kelly shares why America’s banks are calling for strengthening the Clarity Act and ensuring that the evolving financial landscape continues to support access to credit and local lending.

At First Independence, this commitment is deeply connected to our mission of expanding access to capital and helping individuals, businesses, and communities build stronger financial futures.

Read Chairman Kelly’s op-ed here: https://aba.social/4zQu3iT

09/07/2026

Happy Labor Day from First Independence Bank! 🇺🇸

Today, we recognize the hard work, dedication, and contributions of workers who help strengthen our communities each and every day.

In observance of Labor Day, all of our bank locations are closed today. We will reopen tomorrow with normal business hours and look forward to serving you.

From all of us at First Independence, we wish you a safe, relaxing, and enjoyable Labor Day!

09/03/2026

There’s still time to make a move this year!

Summer may be winding down, but your plans for homeownership don’t have to stop. Whether you’re hoping to find your new home before fall arrives or want to make your move before the end of the year, now is a great time to prepare.

From understanding your financing options to getting ready for the homebuying process, First Independence Bank is here to help you take the next step with confidence.

Your next chapter could start with a new address.

Thinking about buying a home this year?

Let’s get started.🏡

09/02/2026

Hello, September! 🍂

A new month is a fresh opportunity to check in on your finances and keep moving toward the future you’re building.

At First Independence Bank, we’re here to support you along the way.

Whether you’re saving for something special, working toward a financial goal, or simply creating stronger money habits, remember: every positive step counts.

Start September with purpose, plan with confidence, and keep building toward what’s next!

Photos from First Independence Bank's post 08/26/2026

Economic empowerment starts with intentional community investment.

As the nation wraps up Black Business Month, First Independence Bank remains committed to advancing financial equity and supporting the Black entrepreneurs and businesses helping our communities grow and thrive.

August may spotlight , but our commitment doesn’t end here. Supporting Black-owned businesses is part of what we do year-round.

How are you showing your support for Black-owned businesses this August?

Tag a business or leader below who is making an impact!

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Telephone

Address


7310 Woodward Avenue , Ste. 101
Detroit, MI
48202

Opening Hours

Monday 9am - 4pm
Tuesday 9am - 4pm
Wednesday 9am - 4pm
Thursday 9am - 4pm
Friday 9am - 5:30pm

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