Entrepreneurial Updates Menu

Entrepreneurial Updates
View Latest Posts
View Most Popular Posts
View Subscriptions
Posting Instructions

Active Bloggers

Beverly Johnson Beverly Johnson
class of
Kennedy Williams Kennedy Williams
Spelman College class of 2020
Will Moss Will Moss
Hampton University class of 1995
HBCU CONNECT HBCU CONNECT
Central State University class of 1995
Reggie Culpepper Reggie Culpepper
Clark Atlanta University class of 1998
LaMarr Blackmon LaMarr Blackmon
Cal St Univ, Long Beach class of 1992
Kamal Imani Kamal Imani
New York Inst of Tech class of 1997
Nicole Rankine Nicole Rankine
University of Georgia class of 2000

Meet the Only Black Woman in the U.S. Who Owns Her Own Bank

Meet the Only Black Woman in the U.S. Who Owns Her Own Bank
Posted By: Will Moss on June 08, 2020

Meet Kiko Davis, the majority owner and stockholder of Detroit-based First Independence Bank, one of the top 10 largest Black-owned banks in the United States. This makes her the only Black woman in the country who owns a bank.


During a 2018 interview with Rolling Out, she said that what makes her unique as an African American female leader is her ability to genuinely connect with people and inspire a culture of synergy. "It’s a God-given talent that comes naturally," she said. "People tend to lend the very best of themselves when they feel leaders are passionate about them and their environment."

Her inspiration

Kiko says that she is greatly inspired by Shirley Chisolm, the first Black congresswoman and the first major-party Black candidate to run for president in 1972.



She says her favorite quote by Chisolm is, “In the end, anti-Black, anti-female, and all forms of discrimination are equivalent to the same thing: anti-humanism.”

She is also inspired by her late husband, Donald Davis. After his untimely death, she created a foundation in his name to perpetuate his legacy-building efforts and initiatives that he envisioned and developed.

How to win

Kiko says that taking risks is very important if you want to become successful. "Without risk," she says, "there can be no reward... Your mistakes will bring invaluable knowledge that will ultimately become your strategy for winning."

She also strongly believes in maintaining a positive attitude and attributes her success to prayer, eating healthy, and exercising.

For more details about First Independence Bank and/or to open an account, visit www.firstindependence.com

Article courtesy of https://www.blackbusiness.com
If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email!
Comments
Please Login To Post Comments...
Email:
Password:

 
Hazel Edwards Chism
Lane College class of 1978
This really gets my juices going. We should have so many more "Black Banks", male or female owned. I tried as hard as I could to build knowledge about the unbanked, financial literacy, the community reinvestment act, and cdfi's, to serve our underserved populations and neighborhoods during the early 2000s. The main missing ingredient was human resources (volunteers) committed to serving and learning what was needed to own our own bank. No one had the reputation or integrity to do it. Ms. Davis needs to be cloned. She is right, you have to take risk. No we don't know everything about banking but there are people who are trailblazers and willing to help. We must network, we must find those willing souls. I would love to meet with her and just be the presence of someone that truly understands that where there is a need in our community that is the seed we must plant and nurture into ownership, that is the equity we have. All the hard work of people that has gone before us. The spirit and faith that has been given to us in so many ways, such as the black church, athletes, entertainers, etc. Not everyone needs to get all this education just to work for someone or become a teller in a bank. We should be getting our education to own our communities. I love what you have done Ms. Davis. I know that one does not reach this level simply because they want to make a name for them self, but to serve others. Thank you Will Moss for sharing this article here at HBCU Connect. We have the network right here to do whatever we want, and everything that we need to do to elevate ourselves and community.
Friday, January 8th 2021 at 2:02AM
More From This Author
Congrats to Michael Barnes for Landing a Dream Job at Microsoft After Attending a Recent HBCU CONNECT Hiring Event!
Excellent Opportunity for Experienced Black Procurement Professionals
Walgreens Looking to Hire Diverse Software Engineer for Remote Leadership Role - Apply Today!
Congrats to Lincoln University Grad, Wole Abiba, for Landing Dream Job at Johnson & Johnson!
Social Media + Influencer Marketing Remote Internship Opportunity - Apply Today!
HBCU CONNECT Announces Official List of Hiring Events for Black Professionals - May 2022!
Latest Entrepreneurial Updates
HBCU Grad Name Finalist in Essence x Pine-Sol Build Your Legacy Contest

HBCU Grad Name Finalist in Essence x Pine-Sol Build Your Legacy Contest

Djenaba Johnson-Jones, founder and CEO of food business incubator Hudson Kitchen and graduate of Clark Atlanta University, was selected as a finalist for ESSENCE and Pine-Sol’s “Build Your Legacy” con ...more
Djenaba Johnson-Jones • 123 Views • June 7th, 2022
FAMU Alumni's Premium DuBlasé Whiskey Line Announces Distribution Expansion Into California Retail Market

FAMU Alumni's Premium DuBlasé Whiskey Line Announces Distribution Expansion Into California Retail Market

LOS ANGELES, CA– Golden Age Innovation, LLC, the maker of DuBlasé Whiskey, today announces that it is expanding its signature whiskey product to the West Coast and is available for purchase in retail ...more
Samantha Savory • 1,029 Views • March 29th, 2022
Evan Lefft: Following Your Passion

Evan Lefft: Following Your Passion

Evan Lefft is the founder of AAWOL (Athletic Apparel Without Limits), a sportswear and e-commerce company striving to give voice to the next generation through Sports-inspired lifestyle apparel, story ...more
Heidi Buech • 1,069 Views • January 13th, 2022
THE TIME IS NOW 2022

THE TIME IS NOW 2022

Whatever career, business or path you choose. Having access to this essential product and service should be in your portfolio. HAPPY HOLIDAY! 🎊🎊🎊 It makes sense to hav ...more
PAT BARROW • 2,344 Views • December 8th, 2021
Empower 2021: Celebrating Black academic entrepreneurship

Empower 2021: Celebrating Black academic entrepreneurship

All are invited to Empower 2021, Princeton's new inclusive entrepreneurship conference. This year we are celebrating Black academic entrepreneurship with two days of bringing together national thought ...more
Wright Seneres • 1,771 Views • September 8th, 2021
Popular Entrepreneurial Updates
New Era presents Tradition HBCU Apparel Collection

New Era presents Tradition HBCU Apparel Collection

BUFFALO, NY (Sept. 2008) - New Era Cap Co., Inc., the leading headwear designer and manufacturer, announced that it will team up with Tradition, an Atlanta-based apparel design company, to launch "Ne ...more
Reggie Culpepper • 19,735 Views • October 17th, 2008
Featured Business: Dangerous Negroes?

Featured Business: Dangerous Negroes?

The Black community is currently in a state of social and cultural recession where negative stereotypical behavior is not only condoned, but glorified. Hip Hop culture, which had noble beginnings, has ...more
Daniel Moss • 12,239 Views • October 10th, 2006
INSURANCE FOR THE HBCU FAMILY!

INSURANCE FOR THE HBCU FAMILY!

We are proud to announce a great new benefit for the HBCU Community. HBCU Connect has partnered with Living Waters Group LP to provide our students, parents, alumni, faculty, and fans with affordable ...more
Daniel Moss • 10,617 Views • January 12th, 2007
For the Diddy fans - upclose interview

For the Diddy fans - upclose interview

Diddy gets with ABC's Martin Bashir for an interview / special, where the mogul discusses a variety of topics -- including his vast empire, his rise to the top through music, the infamous feud with De ...more
torin ellis • 8,878 Views • June 13th, 2010
African American Graduation Announcements available at SweetBerryLane.com

African American Graduation Announcements available at SweetBerryLane.com

Sweet Berry Lane gives African American Graduates a welcomed option from sending the normal generic graduation Announcements. By providing Graduation Invitations that reflect the African American cu ...more
Yolanda Jones • 8,555 Views • March 26th, 2010
Please Give Us a Like on Facebook!