First Independence Bank
Chartered Bank Active FDIC Insured
Health Score
9.7 / 10
7310 Woodward Ave, Detroit, MI 48202
Financial Overview
Total Assets $875.0M
Total Deposits $684.2M
Profitability (ROA) 3.67%
Shareholder Return (ROE) 39.57%
Capital Cushion (Eq/Assets) 9.31%
Established 05/14/1970
Risk & Growth Profiles
✓ Clean Regulatory Record
No recent history of FDIC conservatorship or financial failure.
Deposit Momentum
$136.8M avg deposits per branch.
Measures how much capital the bank holds against its physical footprint. A higher ratio indicates a highly liquid, lower-overhead lending profile.
Operations & Contact
Contact
Website: www.firstindependence.com
FDIC Certificate #: 20179
Specialization: Commercial Lending Specialization