DER Weekends: First Independence Bank is ‘Black-owned, not Black only’

On Detroit Evening Report Weekends, we take a step away from the news of the week and spend some time with the community members who make up Detroit’s rich culture and identity.

Jerome Vaughn

In the latest episode of DER Weekends, WDET news director Jerome Vaughn talks with the chairman and CEO of the only Detroit-based Black-owned bank.

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Kenneth Kelly is the chairman and CEO of First Independence Bank — a Black-owned bank founded in Detroit more than 50 years ago.  First Independence is the only African American owned bank headquartered in Michigan and only one of two banks based in the city. It recently opened a branch in Minnesota.

Jerome Vaughn spoke with Kelly at this year’s Mackinac Policy Conference about the bank’s history, its future and its commitment to serving Black customers.

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  • Sascha Raiyn
    Sascha Raiyn is Education Reporter at 101.9 WDET. She is a native Detroiter who grew up listening to news and music programming on Detroit Public Radio.