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Fifth Third Bank boosts investment in Detroit-based First Independence Follows $3 million investment in 2008 Larger banks increasingly taking investment positions in minority banks Kenneth Kelly First Independence Bank, among the nation s largest Black-owned banks, continues to receive interest from larger lenders amid calls for more economic equity. The Detroit-based First Independence, a minority depository institution and community development financial institution (CDFI), has received a follow-investment of $2.5 million from a community development subsidiary of Fifth Third Bancorp., according to a news release. The investment, announced on Monday, brings the Cincinnati-based Fifth Third s total investment in First Independence to $5.5 million since 2008, according to the release.

Fifth third bancorpFirst independence bankThird bancorpDetroit based first independenceCincinnati based fifth thirdFirst independenceFifth thirdஐந்தாவது மூன்றாவது பேன்கார்ப்முதல் சுதந்திரம் வங்கிமூன்றாவது பேன்கார்ப்டெட்ராய்ட் அடிப்படையிலானது முதல் சுதந்திரம்ஸிந்ஸந்யாடீ அடிப்படையிலானது ஐந்தாவது மூன்றாவதுமுதல் சுதந்திரம்ஐந்தாவது மூன்றாவது