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DALLAS, Aug. 19, 2020 /PRNewswire/ — Comerica Bank announced today that it is moving $10 million in deposits to Minority Depository Institutions (MDIs) within its five-state footprint, as well as building a mutual mentoring relationship with these institutions. MDIs assist minority and under-served communities and foster economic viability in these communities. Of this $10 million in…

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Kiko Davis is one of the few Black women in the nation who can say they hold part ownership of a minority-owned bank. Davis is now the majority stockholder of First Independence Bank headquartered in Detroit. First Independence Bank is the 11th largest Black-owned bank in the United States, as reported in Black Enterprise magazine in 2015,…

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Don Davis

Legendary entertainment and banking industry mogul Don Davis died Thursday, June 5, following a brief illness. Davis was chairman and CEO of First Independence Bank in Michigan, the state’s only black-owned and operated commercial bank. Black Enterprise magazine recognized First Independence Bank as one of the top ranked black-owned banks in the United States with…

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