ISF Bank is a finance and financial services startup that has a rich history dating back to 1934. Founded by thirteen African-American men and their supporters, the company aimed to establish a savings and loan association catering to the needs of Black residents of Chicago. In a time when people of color faced immense challenges in obtaining mortgage loans, the founders persevered and worked closely with the Federal Home Loan Bank of Chicago and industry experts to turn their vision into reality.
Despite humble beginnings with an initial deposit of $7,000 and a one-room office, ISF Bank has grown significantly. Today, it serves over 8,000 customers and boasts assets of more than $100 million dollars. The company's commitment to providing access to quality housing and financial services for the local community has been fundamental to its success and growth.
While specific details about the company's headquarter and recent investments are not available, ISF Bank's enduring legacy and impact on the community make it a compelling prospect for potential investors seeking to support a mission-driven financial institution with a long-standing presence and tangible results. Its roots in addressing social and economic disparities create a compelling narrative for continued growth and impact in the finance industry.
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