Since 1934, Industrial Bank has been a strong partner for small and large businesses, homeowners, and personal banking account customers in the Washington, DC community. We remain strong because of our mission to make a difference in people’s lives and in the economic development of their communities. We have never turned our back on the communities that need us most; nor will we ever do so.
On August 20, 1934, Founder Jesse H. Mitchell opened the doors of Industrial Bank for the first time. Since 1934, the bank has delivered essential banking and financial services which have contributed greatly to the growth and development of the Washington, DC community. We were strong during a time when the banking system failed. We understood then that the relationship with our community would be the source of our legacy of strength. From that first day in 1934, when Industrial Bank had just six employees and $192,000 in assets, we have grown into an institution with over 150 employees and over $432 million in assets. Today, Industrial Bank is one of the largest African-American owned and operated commercial banks in the United States.
Industrial Bank offers a full range of banking services from ten banking centers. These services include a host of checking, savings, and investment accounts for retail and commercial customers, cash management, corporate online banking, electronic banking services, debit cards, and a variety of consumer, real estate, and commercial loans and lines of credit.
The Industrial Bank Legacy
We remain strong because of our mission to promote the financial and economic empowerment of our diverse community. We have never in the past nor will we in the future turn our back on the communities that need us most.
Our customers depend on us to be strong for them; to trust that their hard-earned dollars are safe and looked after, but it does not stop there. We are not just strong for our customers’ banking needs but we are strong for many non-profit and community groups who depend on our support and generosity to help them continue to thrive. We are proud of the many contributions we make to organizations that are doing all they can to make a difference in the communities where we live and work.
We were here for you then, we are here for you now, and we will be here for you tomorrow because when you are Industrial Bank you are Industrial Strong.