By D’Juan Hopewell
(WeBuyBlack.com – WASHINGTON, DC – November 15, 2019) – Industrial Bank exists because banks in Washington, DC simply wouldn’t serve Black people. It was originally founded in 1913 but closed in 1932. In 1934 it was reopened by a Howard alumnus, Jesse Mitchell.
For over 80 years, the company has made it their priority to serve the community and provide capital to Black homeowners and entrepreneurs, when others wouldn’t. Industrial Bank has five banking centers in Washington and two in the immediate Maryland suburbs. With its recent acquisition of City National Bank of New Jersey, Industrial Bank is on the move — it has added two new locations in Newark and one in Harlem. READ IN FULL