Industrial Bank
Industrial Bank is a privately held, CDFI-certified US community bank founded in 1934 and headquartered in Washington, D.C., serving retail, small-business, and nonprofit customers across the DC Metro area through nine branches and digital banking channels.
- Company typePublic
- Founded1934
- HeadquartersWashington, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Industrial Bank does
Industrial Bank is a privately held US community bank founded in 1934 and headquartered in Washington, D.C. The bank operates approximately nine branches across the District of Columbia, Maryland, New Jersey, and Harlem, New York, serving retail consumers, small and mid-sized businesses, nonprofits, and government-related programs in the DC Metro region. It is a CDFI-certified, FDIC-insured, Equal Housing Lender with NMLS mortgage registration (#488640), and pursues an explicitly mission-driven strategy of expanding banking access to underserved communities through partnerships with the District Government (Community Checking and Community Savings programs) and community-impact initiatives such as JEEP.
The bank's product platform spans personal banking (multiple checking accounts including the Kasasa rewards suite, savings, money market, CDs, IRAs, mortgages, and Visa credit cards), business banking (checking, savings, cash management including Remote Deposit Capture, ACH, Positive Pay, and zero-balance accounts), SBA loans through its Preferred Lender Program, and commercial lending. Digital channels include iOS and Android mobile apps, online banking, e-statements, and the Card Valet debit-card management platform. Distribution is augmented by the Allpoint surcharge-free ATM network (55,000+ locations) and partnerships with Heartland Payment Systems for merchant services and Promontory Interfinancial Network for CDARS/ICS deposit-sweep insurance.
Revenue mechanics follow a traditional community-bank model: net interest income on loans and securities, deposit-related fees, interchange from Visa debit and credit card programs, treasury-management fees on business accounts, and gains on sale of SBA and residential mortgages. Customer acquisition is primarily local and relationship-driven through the branch network and community programs, with marketing concentrated in PR, press announcements, and government partnerships rather than national digital channels. Note: input data also references a separately incorporated Industrial Bank Co., Ltd. (兴业银行), a publicly traded Chinese commercial bank on the Shanghai Stock Exchange; the analysis above pertains solely to the US Industrial Bank at industrial-bank.com.
Industrial Bank firmographics
Firmographics- Name
- Industrial Bank
- Legal name
- Industrial Bank
- Website
- https://industrial-bank.com
- Company type
- Public
- Founded year
- 1934
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Industrial Bank is a privately held, CDFI-certified US community bank founded in 1934 and headquartered in Washington, D.C., serving retail, small-business, and nonprofit customers across the DC Metro area through nine branches and digital banking channels.
- Ownership category
- akta.pro rank
Industrial Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Commercial Banking (522110)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industry
- Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB)
Keywords
Where Industrial Bank is headquartered
LocationHeadquarters
- HQ city
- Washington
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Industrial Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Commercial Banking Services: Core banking operations including total assets of 11.09 trillion yuan, operating income of 212.74 billion yuan, and net profit of 77.47 billion yuan as of year-end 2025.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Industrial Bank product offering
Product offeringCore offering
Industrial Bank is a CDFI-designated community bank headquartered in Washington, D.C. providing personal banking products (checking accounts, savings accounts, CDs, IRAs, mortgages, credit cards) and business banking products (business checking, business savings, cash management services, SBA loans, commercial loans). The bank serves the DC Metro area through 9 branches and digital channels, with specialized offerings like Community Checking and Community Savings developed in partnership with the District Government.
Product overview
Industrial Bank is a community bank headquartered in Washington, D.C. offering a comprehensive suite of personal and business banking products. The bank's personal banking division includes multiple checking account types (Community Checking, Go Green Checking, Legacy Checking, Personal Checking, and the Kasasa suite of rewards checking products), savings products (Traditional Savings, Money Market, Goal Savings, Minor Savings, CDs, and IRAs), mortgages, credit cards, and digital banking services (mobile app, online banking, e-statements, bill pay). The business banking division provides specialized checking accounts (IOLTA, Non Profit/Org Checking, Enterprise Checking, Commercial Checking), business savings and money market accounts, comprehensive cash management services (Remote Deposit Capture, ACH Editor, Zero Balance Account, Positive Pay), SBA loans through the Preferred Lender Program, and commercial lending products. The bank also offers a rewards program (uChoose Rewards) for debit card holders and a card management tool (Card Valet) for fraud protection. The bank serves the DC Metro area including locations in Washington D.C., Maryland, New Jersey, and Harlem, NYC.
Differentiator
Problem solved
Functional benefit
Products and services
- Checking Accounts Personal checking account products offering Visa Check Card access with unlimited free transactions at Industrial Bank ATMs in DC and Maryland and access to STAR, Visa, and AllPoint cash machines nationwide and abroad. Multiple account types serve different consumer segments.
- Savings & Investments FDIC insured personal savings and investment products including Traditional Savings, Kasasa Saver, Certificates of Deposit (CDs), Individual Retirement Accounts (IRAs), Money Market, Minor Savings, and Goal Savings accounts.
- Business Checking
Quantifiable outcome
- 46% revenue growth and 49% profit growth in overseas branches in 2025
Companies that use Industrial Bank
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Industrial Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Industrial Bank partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
Industrial Bank competitors and assessment
Company assessmentDirect peers
- Broadway Federal Bank: Minority- and community-focused savings bank; CDFI-designated, serving consumer and small-business banking customers in urban markets. Comparable to Industrial Bank on community mission and product breadth, though primarily Los Angeles-based.
- OneUnited Bank: The nation's largest Black-owned bank and CDFI, offering personal and business banking with a mission-driven focus on financial empowerment in urban communities. Closely aligned with Industrial Bank on community-development mandate and target demographic.
- City First Bank: CDFI-certified community bank headquartered in DC, focused on serving low-to-moderate income communities in the National Capital Region with consumer and small business banking products. Most directly comparable to Industrial Bank by mandate, product mix, and geography.
- Liberty Bank (Newark, NJ): Black-owned, community-focused bank serving Newark and broader New Jersey — directly overlapping with Industrial Bank's New Jersey Halsey and Parkview branches and sharing a mission-driven customer base.
- Harbor Bank of Maryland: Minority-owned community bank headquartered in Baltimore with nearby Maryland branches serving the DC Metro area. Comparable in size, mission, and consumer/small-business product set to Industrial Bank.
Broad incumbents
- M&T Bank: Regional bank with branches across the Mid-Atlantic, including the DC/Maryland/NJ markets where Industrial Bank operates. A relevant scaled competitor for commercial and consumer banking share.
- PNC Bank: Large regional bank with deep DC Metro retail branch footprint and broad consumer/business banking suite. A scaled incumbent competitor in the same primary geography as Industrial Bank.
- Capital One: Major Mid-Atlantic bank with McLean, Virginia headquarters, sizable DC-area consumer and small business presence, and credit card franchise. Competes with Industrial Bank for retail deposits and small-business relationships in the DC Metro.
Emerging players
- Live Oak Bancshares: Digital-forward community bank nationally serving small businesses with SBA lending as a flagship product. Comparable to Industrial Bank on SBA strategy and small-business focus, though operating at higher scale and national scope.
Regional players
- EagleBank: Bethesda-based commercial bank concentrated in the Washington DC metropolitan market, serving small and mid-sized businesses with commercial lending and treasury products. Comparable as a DC-Metro banking peer, though more commercial and larger than Industrial Bank.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Industrial Bank social profiles
Digital presenceIndustrial Bank compliance and trust
Trust signalCompliance5 records
Industrial Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Industrial Bank leadership team
Management profileNumber of profiles
Profiles1 record
Industrial Bank funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Industrial Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Industrial Bank
What does Industrial Bank do?
Industrial Bank is a CDFI-designated community bank headquartered in Washington, D.C. providing personal banking products (checking accounts, savings accounts, CDs, IRAs, mortgages, credit cards) and business banking products (business checking, business savings, cash management services, SBA loans, commercial loans). The bank serves the DC Metro area through 9 branches and digital channels, with specialized offerings like Community Checking and Community Savings developed in partnership with the District Government.
Is Industrial Bank a public or private company?
Industrial Bank is a public company. It is classified as unknown and is currently operating.
When was Industrial Bank founded?
Industrial Bank was founded in 1934. It employs 101 to 250 people.
Where is Industrial Bank based?
Industrial Bank is headquartered in Washington, United States, in the North America region.
How does Industrial Bank make money?
One revenue line is on record: commercial Banking Services.
Who are Industrial Bank's main competitors?
Direct peers on record are Broadway Federal Bank, OneUnited Bank, City First Bank, Liberty Bank (Newark, NJ) and Harbor Bank of Maryland. Broad incumbents are M&T Bank, PNC Bank and Capital One. Live Oak Bancshares is listed as an emerging player. EagleBank is listed as a regional player.
Does Industrial Bank have an API?
No public API is recorded for Industrial Bank.
What industry is Industrial Bank in?
Industrial Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABAAAB, Retail Lending (Personal Loans, Auto, Credit Lines). Its NAICS code is 52211 and its SIC code is 6022.