First Independence Bank

First Independence Bank Headquartered in , 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.

There’s still time to make a move this year! Summer may be winding down, but your plans for homeownership don’t have to ...
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.🏡

Hello, September! 🍂A new month is a fresh opportunity to check in on your finances and keep moving toward the future you...
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!

Economic empowerment starts with intentional community investment.As the nation wraps up Black Business Month, First Ind...
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!

We were proud to see First Independence Bank represented at the 31st Annual in ! 👏🏾Kimberly Haney, Deputy Chief Credi...
08/26/2026

We were proud to see First Independence Bank represented at the 31st Annual in ! 👏🏾

Kimberly Haney, Deputy Chief Credit Officer at First Independence, joined an engaging panel discussion at McCormick Place during this powerful celebration of Black women, leadership, education, and community.

As a panelist for “The Wealth Playbook: Building Businesses, Securing Capital, and Creating Legacy,” Kimberly shared her expertise on lending, credit, access to capital, and the importance of strong banking relationships in helping entrepreneurs build, grow, and thrive.

The conversation resonated with attendees and provided another opportunity to share the First Independence story, including the significant milestone of becoming the third-largest Black-owned bank in the nation.

We were grateful to Business Leadership Council and CEO Keiana Barrett for the opportunity and looked forward to continuing these important conversations through future engagement and educational programming.

Congratulations to Kimberly on representing FIB and demonstrating our commitment to financial empowerment, entrepreneurship, and economic opportunity! 💙

Celebrating 10 years of impact, entrepreneurship, and community!First Independence Bank was proud to join the West McNic...
08/24/2026

Celebrating 10 years of impact, entrepreneurship, and community!

First Independence Bank was proud to join the West McNichols BusinessAssociation’s 10th Anniversary Gala, recognizing a decade of supporting businesses and strengthening the community along the West McNichols corridor.

We were especially proud to have First Independence's President Dimitrius Hutcherson serve as the evening’s keynote speaker, sharing his perspective on the importance of economic empowerment, strong businesses, and continued investment in our communities.

Congratulations to the West McNichols Business Association on this incredible milestone. Here’s to the next decade of growth and impact!

07/09/2026

We continue to be so excited about expanding in St. Paul! 🏙️

Thank you to everyone who joined us for the ribbon-cutting ceremony and community gathering celebrating First Independence Bank’s new branch!

Our team expresses our sincere appreciation to our partners: St. Paul Mayor Kaohly Her, President and CEO Renay Dossman, St Paul Area Chamber President B Kyle, and Midway Chamber of Commerce President Chad Kulas, for their leadership and support at this milestone event.

We encourage the community to visit our new location to meet the team and learn more about our financial services. We’re in a redeveloped first-floor space at the NDC, 627 University Avenue. This expansion reflects our ongoing commitment to closing the racial wealth gap and to fostering economic empowerment.

Watch the event highlights below. 👇🏾




07/09/2026

🎥 What's next for banking?

As First Independence Bank continues to expand into Chicago, we're creating new opportunities to empower individuals, support entrepreneurs, strengthen , and increase access to financial services where they're needed most.

We're excited to share a special clip from our recent appearance on Chicago Newsroom 2.0, featuring our President, Dimitrius Hutcherson, and our SVP and Chicago Regional Market President, Andrew Maychruk, as they discuss our commitment to strengthening communities, our expansion into Chicago, and how relationship-focused banking can create lasting economic impact.

A special thank you to Chicago Access Network Television (CAN TV) and co-host Glenn Eden for the opportunity to host this important conversation and help us share the vision behind this exciting new chapter.

▶️ Watch this featured clip below and catch the full interview on CAN TV or through the CAN TV+ app.

Together, we're building stronger communities, one relationship at a time. What excites you most about First Independence's expansion into Chicago? We'd love to hear your thoughts!



🎉 We're proud to celebrate the outstanding leadership of our First Independence Bank team!Congratulations to DeJuan Wood...
07/07/2026

🎉 We're proud to celebrate the outstanding leadership of our First Independence Bank team!

Congratulations to DeJuan Woods, Director of Marketing & Community Relations at First Independence, on being selected as a 2026 Michigan Chronicle Men of Excellence Honoree!

The Michigan Chronicle recognizes Black men whose leadership, service, and commitment are making a lasting impact across Michigan and helping build stronger communities for future generations.

Through his leadership, commitment to community engagement, and dedication to advancing economic empowerment, DeJuan continues to make a meaningful impact throughout Southeast Michigan. His passion for telling meaningful stories and strengthening community connections reflects First Independence Bank's mission of empowering individuals, families, and businesses to thrive.

We're also proud that our President, Dimitrius Hutcherson, was chosen to deliver the Men of Excellence Creed during this year's awards ceremony, a distinguished honor that reflects his commitment to while celebrating this exceptional class of changemakers.

At First Independence, we're honored to have leaders like DeJuan and Dimitrius whose passion for service, , and community continues to inspire positive change every day.

Congratulations, DeJuan, on this well-deserved recognition! We are proud to celebrate your leadership and the impact you continue to make throughout our communities.

💙 Please join us in congratulating DeJuan in the comments!



🎉This summer, we're proud to celebrate an incredible milestone achieved by our community partner, Racquet Up Detroit!At ...
07/05/2026

🎉This summer, we're proud to celebrate an incredible milestone achieved by our community partner, Racquet Up Detroit!

At First Independence Bank, we believe strong communities are built by investing in people. That's why we're proud to support organizations like Racquet Up that are changing lives through mentorship, education, and sports.

Congratulations to Racquet Up on making history by raising more than $1,024,000 through its 2026 Double Down fundraiser!

We're especially proud of First Independence's President, Dimitrius Hutcherson, who serves as Chair of Racquet Up's Board of Directors and spoke during the Rally to a Million luncheon. We're also honored that First Independence Board Director Linda Forte serves as Chair Emeritus, reflecting our longstanding commitment to Racquet Up's mission.

To Executive Director Rosemary O'Connor, the Racquet Up team, volunteers, donors, sponsors, and everyone who made this milestone possible, thank you for creating opportunities that will make a lasting difference for generations to come. We're proud to stand alongside organizations that are changing lives and building a brighter future for Detroit!

🎾 Looking for a meaningful way to get involved this summer?

Whether you're a student interested in joining the program, a volunteer ready to give back, or someone looking to support Detroit's next generation, Racquet Up has a place for you. Learn more and get involved: https://racquetup.org/join-the-program



🇺🇸 Happy Fourth of July from First Independence Bank!Today, we're proud to celebrate , a holiday that shares more than ...
07/04/2026

🇺🇸 Happy Fourth of July from First Independence Bank!

Today, we're proud to celebrate , a holiday that shares more than a name with us. At First Independence, we're honored to serve communities that embody the spirit of freedom, opportunity, and progress every day.

As we celebrate the freedoms that unite us and the people who make our nation strong, we wish you and your loved ones a safe, joyful, and memorable .

As a reminder, all First Independence Bank branches will resume normal business hours on Monday. We look forward to serving you.

Have a wonderful holiday! ❤️🤍💙



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

Telephone

+13132568400

Website

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