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Home > Company Index > Banking > Banking - Mid-Atlantic > Independence Federal Savings Bank
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Independence Federal Savings Bank |
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PROFILE |
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Founded in 1968 to provide loans to African-Americans living in Washington, DC, Independence Federal Savings Bank continues that business today. One of the US's largest African-American-owned businesses, the bank operates four branches in Washington, DC, and one in Chevy Chase, Maryland. Although most of its loan portfolio consists of mortgages secured by single-family homes, the bank also focuses on providing guaranteed student loans through Sallie Mae. Its deposit activities include checking and savings accounts, money market accounts, and CDs.
COMPETITION |
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Chevy Chase Bank, F.S.B. (dossier)
Citigroup Inc. (C)
Riggs National Corporation (RIGS)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 21.00
1-Yr. Sales Growth: (19.2)%
Employees: 80
Revenue per employee: $262,500.00
KEY PEOPLE |
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Donna Fitzgerald Shuler
CEO
Kathleen Kearney
CFO
CONTACT INFO |
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1229 Connecticut Ave. NW
Washington, DC 20036
US
Phone: 202-628-5500
Fax: 202-626-7106
Online: Web Site
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