Headquartered in Detroit, First Independence Bank (FIB) is the seventh-largest Black-owned bank in the United States. It opened its doors on May 11, 1940, and today it’s one of only 144 minority depository institutions (MDIs) in the country and the only one based in Michigan. For more than 50 years, FIB has provided individuals, businesses, and municipalities with innovative financial products and friendly, personal service. The bank remains committed to improving economic conditions within the diverse communities it serves.