On August 20, 1934, Founder Jesse H. Mitchell opened the doors of Industrial Bank for the first time. Since 1934, the bank has delivered essential banking and financial services which have contributed greatly to the growth and development of the Washington, DC community. Industrial Bank was strong during a time when the banking system failed. They understood then that the relationship with their community would be the source of their legacy of strength. From that first day in 1934, when Industrial Bank had just six employees and $192,000 in assets, Industrial Bank has grown into an institution with over 115 employees with close to half a billion dollars in assets. Today, Industrial Bank is one of the largest African-American owned and operated commercial banks in the United States.
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