Industrial Bank Annual Report Marks 80 Years
Washington, D.C.-based Industrial Bank has released its 2014 annual report, marking the bank's 80th year in operation. In 2014, Industrial Bank's commercial and commercial real estate loans increased by 8.5% to an all-time record of $256 million. The bank expanded its support for local businesses as an SBA Preferred Lender status and held a conference for businesses pursuing government contracts. The bank also became involved in insurance by initiating a new partnership with New York Life Insurance Company to provide estate planning services to customers. Industrial Bank is currently in the midst of a capital raise which has resulted in the highest capital levels in the Bank’s history.