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Industrial Bank was founded on August 20, 1934, and is the oldest and largest African American owned commercial bank in the metropolitan Washington region. Since 1934, the bank has delivered essential banking and financial services that have contributed greatly to the growth and development of the Washington, D.C. community. From that first day in 1934, when Industrial Bank had just six employees and $192,000 in assets, IBNA has grown into an institution with over 150 employees and over $333 million in assets, making it the largest minority commercial bank in the Washington D.C. metropolitan area and fourth largest minority owned financial institution in the country (June 2005, Black Enterprise Magazine). Industrial Bank offers a full range of banking services from seven banking offices, of which five are located in the District of Columbia. These services include a host of checking, savings, and investment accounts for retail and commercial customers, cash management, corporate online banking , electronic banking services, debit cards, credit cards and a variety of consumer, real estate, and commercial loans and lines of credit. In addition to providing services, IBNA works to create a vibrant local economy in other ways including public/private partnerships, banking education seminars, and sponsorships. Industrial Bank believes that an informed customer is the best customer, and together the bank and its customers provide a strong foundation for the community.