First Independence Bank Revenue, Growth & Competitor Profile

DBA FIRST INDEPENDENCE CORPORATION

Company Profile & Annual Report for First Independence Bank

Access the complete profile.

First Independence Bank Fast Facts

Revenue	$10 - $100 million    See Exact Annual Revenue
Employees	10 - 100Exact Company Size
Primary Industry	53111 Apartment Rental
Additional NAICS Codes	5221 Depository Credit Intermediation 52211 Commercial Banking 551111 Offices of Bank Holding Companies
Address	7310 Woodward Avenue Suite 101 Detroit, MI 48202

Note: Revenues for privately held companies are statistical evaluations.


First Independence Bank's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • First Independence Bank's annual revenues are $10 - $100 million (see exact revenue data)
• What industry is the company in?
  • First Independence Bank is classified as operating in the Apartment Rental industry, NAICS Code 53111.

First Independence Bank Annual Revenue and Growth Rate

First Independence Bank	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2025	$10 - $100 million Details in Premium Report
2024
2023
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: First Independence Bank's revenues are gauged from an analysis of company filings.

First Independence Bank's Income Statement (based on Industry Averages)

First Independence Bank P&L	$ Millions
Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

Investor Activity

First Independence Bank has actively raised capital from investors. These investors may include private investors, venture capital firms, or other investment vehicles.

Date	Investors	Percent Raised	Target Size
May 18, 2022	1	25%	$4 MM
Complete list of funding rounds and total amounts in the Company Report

Market Share of First Independence Bank's Largest Competitors

A competitive analysis shows these companies are in the same general field as First Independence Bank, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
ARONA	West Des Moines, IA	100
AVALONBAY COMMUNITIES	Arlington, VA	99
GRACE MANAGEMENT	Maple Grove, MN	99
LOWE ENTERPRISES	Los Angeles, CA	76
SENIOR LIFESTYLE DC	Chicago, IL	63
CORTLAND HOLDINGS	Atlanta, GA	54
WATERTON ASSOCIATES	Chicago, IL	52
CA VENTURES GLOBAL SERVICES	Chicago, IL	49
BRIDGE INVESTMENT GROUP INDUSTRIAL REAL ESTATE INCOME TRUST	Salt Lake City, UT	47

Nearby Competitors

These companies are similar in business line and location to First Independence Bank. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
BEDROCK MANAGEMENT SERVICES	Detroit, MI	100
FIRST INDEPENDENCE BANK	Detroit, MI	10
MAYBERRY HOMES	East Lansing, MI	2
1ST CITY	Detroit, MI	2
LIFE REMODELED	Detroit, MI	2
GRAND RIVER REAL ESTATE COMMERCIAL	Detroit, MI	2

Other Companies at 7310 Woodward Avenue, Detroit MI

Company	Headquarters	Revenue ($ MM)
LGC GLOBAL	Detroit, MI	100
LAKESHORE GLOBAL	Detroit, MI	39
WAYNE COUNTY NEIGHBORHOOD LEGAL SERVICES	Detroit, MI	16

Future Competition: First Independence Bank's Fastest Growing Competitors

These companies are in the same general field as First Independence Bank and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)