IBW Financial Corporation · Washington, DC United States
(Pink Sheets: IBWC)
| 4812 Georgia Ave. Nw | Phone: 202-722-2000 |
| Washington, DC | Fax: 202-722-2040 |
| 20011 | |
| United States |
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Company Description
IBW Financial is the holding company for Industrial Bank, one of the largest minority-owned banks in the US. Catering to the African-American community in and around Washington, DC, the bank offers standard personal and commercial services, such as checking and savings accounts, debit cards, and cash management. It primarily writes real estate loans, with residential mortgages and commercial mortgages each accounting for nearly 40% of its portfolio. Industrial Bank has about 10 branches and loan production offices in Washington, DC and nearby parts of Maryland. The Mitchell family, including CEO B. Doyle Mitchell Jr., whose grandfather founded the bank in 1934, holds a controlling stake in IBW Financial.

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Financials
| Company Type | Public - Pink Sheets: IBWC Headquarters |
|---|
| Fiscal Year-End | December |
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| 2009 Employees | 137 |
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