Damon Jenkins: Creating Critical Financial Ecosystem

Insight News
Sunday, September 12, 2021

"My mom always told me to be careful what you pray for," says Damon Jenkins, as he steps into banking history as leader for Minnesota's first Black-owned and Black-controlled full service bank. Jenkins has joined Detroit's First Independence Bank to head the financial institution's Minnesota expansion this fall. The banking venture is in part a response to the tragic murder of George Floyd in Minneapolis last year. And because the incident took place in the neighborhood he grew up in, Jenkins says the tragedy hit him hard. Jenkins’ prayers and preparation landed him his new role as First Independence Bank senior vice president and regional consultant for the Twin Cities. In this role, he will direct all facets of operations for the retail branch offices in the Minneapolis area.