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A CEREMONIAL RESOLUTION
20-250
IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
September 23, 2014
To honor Industrial Bank on the occasion of its 80th anniversary of serving the community.
WHEREAS, Industrial Bank was founded by Jesse H. Mitchell, opening at the 11th Street and U Street location in Northwest Washington, D.C., on August 20, 1934;
WHEREAS, Industrial Bank has operated under 3 generations of Mitchell family leadership, including Jesse H. Mitchell’s son B. Doyle Mitchell, Sr., who served as president, Jesse H. Mitchell’s grandson, B. Doyle Mitchell, Jr., who is the current president and CEO, and Jesse H. Mitchell’s granddaughter Patricia A. Mitchell, who is the Bank’s executive vice president;
WHEREAS, Industrial Bank was established to serve the city’s minorities during the Great Depression, when the banking system failed;
WHEREAS, Industrial Bank has demonstrated its resiliency during difficult times;
WHEREAS, Industrial Bank is one of the largest African-American-owned and operated commercial banks in the United States, the largest minority-owned commercial bank in the Washington Metropolitan area, the nation’s oldest minority-owned bank and the last remaining African-American-owned bank in the Washington area;
WHEREAS, Industrial Bank has been a strong partner for small and large businesses, home owners, and personal banking account customers in the Washington, D.C., community;
WHEREAS, Industrial Bank operates 8 banking centers in the Washington area;
WHEREAS, Industrial Bank has persisted in its mission to promote the financial and economic empowerment of a diverse community, its vision to always surpass customer expectations as a recognized financial resource partner, and its core values of integrity, customer service, teamwork, and respect; and
WHEREAS, Industrial Bank now celebrates its 80th year of existence.
IT IS HEREBY RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, that the Council of the District of Columbia celebrates and thanks Industrial Bank for its 80 years of proud service to the Washington community.
Sec. 2. This resolution may be cited as the “Industrial Bank 80th Anniversary Recognition Resolution of 2014”.
Sec. 3. This resolution shall take effect immediately upon the first date of publication in the District of Columbia Register.
