First Independence Bank, a Black-owned bank, has opened its first location in Minneapolis, Minnesota. This is the only Black-owned bank in Minneapolis, according to a press release.

The bank will offer a fee-free ATM and debit card use at any First Independence Bank, Wells Fargo, Huntington, Fifth Third, JP Morgan Chase, U.S. Bank, Bank of America and Bremer Bank locations.

"The historic act that we are witnessing today demonstrates the power of inclusion in rare form. Five competitors listed above came together to show the world how impactful they can be when we think broader about inclusion. This is an unprecedented effort that we are grateful to be a part of to positively impact Minneapolis and St. Paul as a beacon of hope. We are hopeful that there will be more instances of efforts like this to create long-term systemic change in communities around our country" Kenneth Kelly, chairman and CEO, First Independence Bank, said in the release. "We will need the collective support of individuals, small business, municipal entities, and large corporations to create a legacy together in the Twin Cities."

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