Industrial Bank

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.

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

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

• Community banking services
• Personal checking accounts
• Business cash management
• SBA preferred lending
• Commercial loan products

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. 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

Core 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

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct 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

• Xx.com/bankindustrial
• Facebookfacebook.com/IndustrialBank1934
• LinkedInlinkedin.com/company/industrial-bank

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Industrial Bank