ibw financial corporation (IBWC) Snapshot

ibw financial corporation (IBWC) Details

IBW Financial Corporation operates as the holding company of Industrial Bank, National Association (Bank). The Bank provides a range of commercial and consumer lending services primarily to individuals and small businesses. It also offers a variety of loans for the needs of small businesses, including accounts receivable lines of credit, Small Business Administration loans, and equipment loans. The Bank also provides a range of deposit services to its customers, including personal checking; low activity student checking; interest bearing NOW accounts; golden age checking accounts for seniors; statement savings accounts; money market accounts; student accounts; investment certificates; IRA's; and Christmas club accounts. Other deposit services include 24 hour banking through use of automated teller machines at 10 locations. Its lending services include commercial loans, commercial real estate loans, lines of credit, equipment financing, construction loans, letters of credit, residential mortgages, personal loans, auto loans, and home equity loans and lines of credit. As of December 31, 2003, the Bank operated eight offices, six in the District of Columbia, and two in Prince George's County, Maryland. The company was organized in 1994 and has principal executive offices in Washington, D.C.

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