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Independence Federal Savings Bank · Washington, DC United States (Pink Sheets: IFSB)

1229 Connecticut Ave. NwPhone: 202-628-5500
WashingtonDCFax: 202-626-7106
20036
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Independence Federal Savings Bank Rankings

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Company Description

Founded in 1968 to provide loans to African-Americans living in Washington, DC, Independence Federal Savings Bank continues that mission today. Through three branches in the US capital and nearby Maryland, the bank offers standard deposit products such as checking and savings accounts, money market accounts, and CDs. Mortgages secured by residential or commercial real estate make up almost all of its loan portfolio; the bank ceased providing guaranteed student loans through Sallie Mae in 2008. Chairman Morton Bender owns a majority of Independence Federal. The company withdrew a plan to merge with Maryland-based Colombo Bank, after regulatory approvals were delayed indefinitely in 2010.

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Financials

Company TypePublic - Pink Sheets: IFSB Headquarters
Fiscal Year-EndDecember
2009 Employees30
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Executives

19 executives listed for Independence Federal Savings Bank's Washington, DC location.

ChairmanElliott HallE-mail
Vice ChairmanRobert IsardE-mail
President and CEOJohn HallE-mail

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