First Independence Bank
Jim Kaye has extensive experience in the banking industry. JIM is currently the VP of Finance/Director of Commercial Lending at First Independence Bank, a position they have held since October 2021. Prior to this role, they served as Vice President-Commercial Finance at the same bank, starting in February 2015.
Before joining First Independence Bank, Jim worked at Renaissance Capital Alliance as the Vice President- Syndications and National Sales Manager from April 2012 to September 2014. JIM was responsible for the placement of lease transactions with Fortune 500 companies and supported new business development.
From March 2011 to February 2013, Jim held the position of Managing Director-Special Assets at Talmer Bank and Trust. JIM then served as the Chief Credit Officer and Chief Operating Officer at Community Central Bank from January 2010 to March 2011. In this role, they were responsible for the day-to-day activities of the bank and managed the bank's largest lending relationships.
Earlier in their career, Jim served as the President and CEO of Macomb Community Bank from October 2005 to June 2009. JIM was responsible for the overall performance of the bank and oversaw loan workouts due to the troubled nature of the portfolio. Prior to that, they served as the Founding President and CEO of Oakland Commerce Bank from June 1992 to October 2005. In this role, they were responsible for the overall performance of the bank, including budgeting, credit administration, operations, regulatory matters, and community interface.
Jim Kaye attended Wayne State University from 1975 to 1980, where they earned a Bachelor of Science degree in Finance.
First Independence Bank
First Independence Bank’s mission is to be a beacon for capital accumulation for individuals and business entities by delivering financial services with an affinity for under-served and minority communities. First Independence Bank opened its doors on May 11, 1970. We have served the banking needs of the Detroit Metropolitan area for over 50 years and remain one of two banks headquartered in the City of Detroit, as well as the only African American‐owned bank headquartered in the State of Michigan. Treasury Management Services are generally managed from our Headquarters on Woodward Avenue in Detroit. Regarding our Bank On approved seal for 2023-2024: The Cities for Financial Empowerment Fund (“CFE”) owns common law certification mark rights in the “Bank On” seal (the “Certification Mark”). As the provider of a banking account that has been certified as meeting CFE's Bank On National Account Standards (the "Standards"), you (“Licensee”) and your agents are hereby licensed to use the Certification Mark, a digital copy of which is provided herewith. By use of the Certification Mark, Licensee agrees to the following terms: Licensee acknowledges that CFE owns the entire right, title and interest to the Certification Mark. CFE hereby grants to Licensee a non-exclusive, non-assignable, non-sublicensable license to use the Certification Mark in association with the provision of the First Choice Checking account (the "Account") to the public. The term of this license shall commence on the date the Account was certified as meeting the Standards and shall terminate on the last day of the latest calendar year displayed on the Certification Mark. Licensee is not entitled to use the Certification Mark other than under the terms of this license. Licensee acknowledges that license rights to use this Certification Mark are contingent upon the Account’s continued compliance with the terms upon which certification was determined and granted.