First Independence Bank
Coverage of First Independence Bank in the Nexus archive.
- Data center battle continues as Eagan faces lawsuit
Eagan Capital is suing Eagan over the city's data center moratorium, claiming it infringes on the Minnesota Public Utilities Commission's regulatory authority. Other cities like Inver Grove Heights have also imposed similar moratoriums on energy-intensive data centers. Unrelated developments include a hospice workers' strike, a lawsuit by former EPA biologists, and a new bank branch aimed at reducing racial wealth disparities.
- Twin Cities’ first Black-owned bank opens St. Paul location
First Independence Bank, the Twin Cities’ first Black-owned bank, opened a new location in St. Paul's Frogtown area to provide accessible banking services and financial education to underserved communities. The bank aims to support small businesses and generational wealth creation in neighborhoods like Rondo and Frogtown.
- First Independence Bank CEO: Fed is Doing a 'Fine Job'
The CEO of First Independence Bank praised the Federal Reserve for doing a 'fine job.' The statement reflects confidence in the Fed's current economic management.