Detroit, MI – According to filings with the U.S. Securities and Exchange Commission, First Independence Bank is raising $4,500,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Kenneth Kelly played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About First Independence Bank
First Independence Bank is celebrating its 50th year of serving the community. As a Community Development Financial Institution (CDFI), we strive to continue to make goals a reality. As of 2020, FIBs total assets are $265 million.

To learn more about First Independence Bank, visit http://www.firstindependence.com/

Contact:
Kenneth Kelly, Chief Executive Officer
313-256-8400
kkelly@firstindependence.com
https://www.linkedin.com/in/kenneth-kelly-404and313/

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