First Independence Bank
Detroit, MI Part of First Independence Corporation
- UEI
- VNL7HKSY2XG1
- CAGE
- 6BKN6
- Primary NAICS
- 522110 Commercial Banking
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- Corporate family
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Parent
First Independence Corporation
XH88JGUNDHW1
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- West Bloomfield Township, MI JER9W3GFKN35
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Parent
First Independence Corporation
XH88JGUNDHW1
- SAM.gov registration date
- Physical address
- 7310 Woodward Ave #101, Detroit, MI 48202, USA
- Website
- firstindependence.com
- Founded
- 1970
- Employees
- 51-250
- Estimated annual revenue
- $10M-$50M
- Industry
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- Financials
- Banks
- Banking & Mortgages
- SIC code
- 60 Depository Institutions
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Contract awards
Grant awards
Latest 5 listed here. See the rest on GovTribe.
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About the company
First Independence Bank is an African American-owned bank that has served the Detroit Metropolitan area for over 46 years. Headquartered in Detroit, MI, it is the 7th largest Black American-owned bank in the U.S. The bank is registered as a corporate for-profit entity and self-certified small disadvantaged business on SAM.gov.
First Independence Bank has received multiple federal grant awards from the Department of the Treasury's Community Development Financial Institutions (CDFI) Fund programs. In April 2022, the bank was awarded $170,699 under the CDFI Fund's Bank Enterprise Award Program to support its increased lending, investing, and service activities in economically distressed communities. In June 2021, First Independence Bank received a $1.8 million project grant from the CDFI Rapid Response Program to aid its ability to respond to economic impacts of the coronavirus pandemic through targeted lending and investment services until December 2023. The bank also received a $245,547 Bank Enterprise Award grant in September 2019 from the CDFI Fund for similar purposes of boosting its support and services in low-income areas. These awards align with the CDFI Fund's mission of providing funding to financial institutions that increase economic revitalization and community development activities in underserved markets.
Quick answers
Is First Independence Bank registered in SAM.gov?
Yes. First Independence Bank's SAM.gov registration is active through January 12, 2027.
What is First Independence Bank's most recent federal award?
First Independence Bank's most recent federal grant award is The bank enterprise award program (BEA program) provides monetary awards to fdic insured depository institutions (i.e… (211BE023914G), from Community Development Financial Institutions Fund, on April 6, 2022.
On GovTribe
See First Independence Bank's full federal record
- Federal contract awards
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
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