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First Independence National Bank of Detroit Detroit (313) 256-8400
He was fresh from a 20-year career with National Bank of Detroit that had grown stale.
F&M has also secured a revolving bank line of credit through a banking consortium led by the National Bank of Detroit.
Dickinson Wright Milestones 1878 Russel & Campbell begin partnership 1920s Firm handles Fred Sanders expansion 1925 Work begins for newly formed Chrysler Corporation 1933 Firm represents the United States in organizing National Bank of Detroit, helping rebuild the city's finances after national "Bank Holiday" 1941 Cold Metal Process v.
Bing's need for employment during the off-season led him to spend seven years as a banker for the National Bank of Detroit. Starting in 1966, Bing worked off-seasons as a management trainee, bank teller and eventually branch manager.
F&M will fuel its aggressive push with funds derived from a $30 million private placement issued last year, as well as with capital from a revolving credit line it has secured from a bank consortium led by the National Bank of Detroit. "We have some $80 million to tap into for our expansion," explains Newman.
Glynn of National Bank of Detroit, PRIDE community representative Lois Williams and Chamber President Dwight Havens.
He served as a vice president and division manager at The Bank of California before becoming president and CEO of First Independence National Bank of Detroit, the ninth-largest black-owned bank in the nation.
The two-tier financing consists of a private placement through Bankers Trust of New York, which is selling long-term securities to two insurance companies, and a revolving bank line of credit through a bank consortium, led by the National Bank of Detroit.
Prior to joining Munder Capital, Robinson served as the senior fixed-income portfolio manager for the National Bank of Detroit's trust investment department.
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