WASHINGTON, DC – On Monday, November 10th, Industrial Bank will markÂ its 80th Anniversary with a celebration at the Arena Stage in Southwest DC. The purpose of theÂ event is to thank the Bank’s many customers and employees for their support over the years andÂ to honor its founding in 1934 by Jesse H. Mitchell. The Bank’s mission is to promote financialÂ and economic empowerment to the Washington DC Metropolitan area. Confirmed guests for theÂ evening’s festivities include: Washington D.C. Mayor Vincent Gray, Congresswoman EleanorÂ Holmes Norton, and Prince Georges County Executive Rushern L. Baker III.
In an effort to continue to serve as a key catalyst delivering the capital necessary to support smallÂ business growth and development, Industrial Bank is also announcing a new Small BusinessÂ Grant initiative to support existing entrepreneurial enterprises to position them for long-termÂ success. Five grants totaling $80,000.00 will be awarded to companies meeting specific criteria,Â all doing business in Industrial Bank’s service area. Participating partners in this effort willÂ include: The U.S. Black Chambers, Inc., FSC First of Prince Georges County, Operation HOPE,Â and the DC Chamber of Commerce.
Industrial Bank, a DC-chartered commercial bank, is the oldest and largest African AmericanÂ owned and operated, certified Community Development Financial Institution, (CDFI) in theÂ Washington metropolitan region, and the seventh-largest in the country. Since 1934, IndustrialÂ Bank has provided the commercial and small business loans necessary to fuel the aspirations ofÂ businessmen and women in the DC Metro area, with a proven track record of providing financialÂ services to small businesses and low-to-moderate income communities therein. Learn more atÂ http://www.industrial-bank.com/.