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Minnesota just got its first Black-owned bank as First Independence Bank opens in Minneapolis. Detroit-based First Independence Bank has opened its
First Independence Bank customers have free access to ATMs operated by competing banks who share a goal of remedying financial inequities.
Detroit-based First Independence Bank, a Black-owned bank, held a grand opening at its first Minneapolis branch last week.
First Independence bank is venturing outside of Detroit for the first time in more than 50 years as they open two locations in Minnesota.
First Independence Bank has an ambitious goal aimed at closing the racial wealth gap, and they're getting some help from several competitors.