About First Independence Bank
First Independence Bank is a Financial Services company based in Detroit (United States) founded in 1970. Commercial banking services are provided in Detroit since 1970. Its chief executive, as recorded, is Kenneth Kelly. Its focus areas include Banks and Commercial Banks. Its competitors include Truist, First Republic Bank and Equity Bank; 1 of its 3 listed competitors has raised funding.
Company details
First Independence Bank was established in 1970 in Detroit, United States, as a commercial bank serving the local community. Operations are centered on standard banking activities, including deposits, loans, and financial services for businesses and individuals. The bank is led by Chairman and CEO Kenneth Kelly, with its domain at firstindependence.com. Focus remains on regional economic support without broader national expansion noted.
- Headquarters Detroit, United States
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website firstindependence.com
- Social LinkedIn Facebook
- Latest Funding Round$1M (USD), Unspecified
May 2022
- InvestorsBank of America
& 4 more
Funding Insights of First Independence Bank
- Total Rounds 8
- Last Round Unspecified — $1M
- First Round $131,080
(Sep 2010)
- Investors Count 5
All 8 funding rounds of First Independence Bank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | $1M | Unspecified | – | – | – |
| Sep 2021 | Unspecified | – | JPMorgan Chase | – | |
| Jun 2021 | $2.5M | Unspecified | – | Fifth Third Bancorp | – |
| Sep 2020 | $619,059 | Unspecified | – | Bank of America | – |
| Dec 2018 | $233,244 | Grant | – | – | |
| Jun 2018 | $153,303 | Grant | – | – | |
| Nov 2011 | $63,194 | Grant | – | – | |
| Sep 2010 | $131,080 | Grant | – | – |
5 investors in total: 5 institutional.
Investors in First Independence Bank
First Independence Bank has secured backing from 5 investors, including institutional investors. Prominent investors backing the company include Bank of America, JPMorgan Chase and Fifth Third Bancorp.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial services are provided to consumers and corporations worldwide. | 2000 | jpmorganchase.com | New York, United States | |
Commercial bank | 1858 | 53.com | Cincinnati, United States | |
Commercial banking and asset management services are offered worldwide. | 1904 | bankofamerica.com | Charlotte, United States | |
Funding and support are provided to community development financial institutions. | 1994 | cdfifund.gov | ||
The U.S. Department of the Treasury is tasked with formulating and implementing fiscal policy for the United States government. | 1789 | treasury.gov |
Investor details for First Independence Bank
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People of First Independence Bank
16 people are tracked at First Independence Bank (13 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Kenneth Kelly | Chairman & CEO | Leadership |
Kyle Bartell | Vice President: Next-Gen Board of Advisors | Leadership |
Lindsay Karczewski | VP Chief Compliance Officer / Internal Audit Liaison | Leadership |
Andrew Harper | Chief Credit Officer | Leadership |
JIM KAYE | VP of Finance/Director of Commercial Lending | Leadership |
Doris Portis, MSA, MS | SVP Chief Administrative Officer/chief Human Resources Officer | Leadership |
Dimitrius Hutcherson | EVP, Chief Administrative Officer & Chief Technology Officer at First Independence Bank | Leadership |
Timothy Ha | Chief Investment Officer | Leadership |
Todd P. Carter, MSF | Vice President- Director of Managed Assets | Leadership |
Phil Henriksen | Director of Consumer Lending | Leadership |
Damon Jenkins | Senior Vice President | Leadership |
Todd Suriano | Vice President Credit Administration | Leadership |
Keenan Covington | President, Next-gen Board Of Advisors | Leadership |
Domonique M. | Financial Controller | Team |
Dominique King, MBA | Commercial Loan Officer | Team |
Rob Silverstein | Loan Productioin Manager / Sr. Lending Officer | Team |
Complete people profiles for First Independence Bank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of First Independence Bank
3 dated milestones of First Independence Bank across 52 years, from founding to its latest funding, stage changes and deals.
- Founded First Independence Bank is founded.
- Funding First funding round of $131K.
- Funding Latest funding round, Unspecified, of $1.0M.
Competitors of First Independence Bank
First Independence Bank has 3 listed competitors in our database, 1 of them funded. They include Truist, First Republic Bank and Equity Bank.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| truist.com | 1872 | Charlotte, United States | 55,480 | Wealth advisory and banking services are offered to clients. | ||
| firstrepublic.com | 1985 | San Francisco, United States | 7,065 | Commercial bank | ||
| equitybank.com | 2002 | Wichita, United States | $89.7M | Commercial banking services are provided to businesses and individuals. |
Detailed competitors of First Independence Bank
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- Full competitor set
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Web traffic of First Independence Bank
The website of First Independence Bank (firstindependence.com) receives about 9.3K visits a month.
- Monthly visits9.3K
▲ 17.1% vs previous month
Websites whose visitors overlap most with First Independence Bank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
web6.secureinternetbank.com | web6.secureinternetbank.com | 100% | – | ||
| signaturebankna.com | 94% | #2,927,540 | View details | ||
| bankofnc.com | 93% | View details | |||
| pacificvalleybank.com | 93% | 11.1K | #2,531,984 | View details | |
fsbwaupaca.com | fsbwaupaca.com | 91% | #1,081,111 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for First Independence Bank
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Related news about First Independence Bank
Complete news archive for First Independence Bank
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Frequently Asked Questions about First Independence Bank
First Independence Bank was founded in 1970 and raised its 1st funding round 40 years after it was founded.
First Independence Bank is headquartered in Detroit, United States. It is registered at Detroit, Michigan, United States.
Kenneth Kelly is the CEO of First Independence Bank, as recorded in our data.
First Independence Bank was established in 1970 in Detroit, United States, as a commercial bank serving the local community. Operations are centered on standard banking activities, including deposits, loans, and financial services for businesses and individuals. The bank is led by Chairman and CEO Kenneth Kelly, with its domain at firstindependence.com. Focus remains on regional economic support without broader national expansion noted.
First Independence Bank's top competitors include Truist, First Republic Bank and Equity Bank.
First Independence Bank has 5 investors. Key investors include Bank of America, JPMorgan Chase, Fifth Third Bancorp, U.S. Department of the Treasury, and CDFI Fund.