Featured Savings Rates
Featured Accounts
Overview / Commentary
313-256-8400
7310 Woodward Ave Suite 101
Detroit, MI 48202

First Independence Bank is headquartered in Detroit and is the 45th largest bank in the state of Michigan. It is also the 2,292nd largest bank in the nation. It was established in 1970 and as of December of 2017, it had grown to 91 employees at 3 locations. First Independence Bank has an A health rating.

Reviews (1)

Customer Service

Posted by: Anonymous | Sep 18, 2012

I got a loan from this bank and during the process they were rude, and did return calls.



Health

Health Grade Components

Overall
FDIC Certificate #20179
Year Established1970
Employees91
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD7.27%
Annual Interest Income$10.3MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$286.6MM$234.8MM
LoansQ4 2017vs Q4 2016$172.5MM$155.1MM
DepositsQ4 2017vs Q4 2016$233.9MM$185.4MM
Equity CapitalQ4 2017vs Q4 2016$18.9MM$18.0MM
Loan Loss AllowanceQ4 2017vs Q4 2016$1.4MM$1.5MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$807.00K$1.4MM
Real Estate OwnedQ4 2017vs Q4 2016$0$0
Rates

Sorry, we do not have rate data for First Independence Bank.

Locations


First Independence Bank Locations
First Independence Bank7310 Woodward Ave. Suite 101Detroit, MI 48202
7 Mile Branch7020 West Seven Mile RoadDetroit, MI 48221
Garfield Branch38880 Garfield RdClinton Township, MI 48038

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.