First Independence Bank, founded on May 11, 1970, is a beacon for capital accumulation, focusing on providing financial services to under-served and minority communities in the Detroit Metropolitan area. As a state-chartered commercial bank, it adheres to all applicable laws and regulations, ensuring the security of depositors with FDIC insurance. With over 50 years of service, it remains one of the two banks headquartered in Detroit and is the only African American-owned bank in Michigan. Additionally, First Independence Bank is the majority owner of Minority Alliance Capital, LLC, a certified minority-owned equipment leasing company committed to financing and managing complex equipment acquisition processes.