IBW Financial Corporation operates as the bank holding company for Industrial Bank that provides various banking and financial products and services to individuals and small business in the District of Columbia. It offers savings, checking, money market, individual retirement accounts; certificates of deposit; mortgages; and investments. The company also provides commercial term and real estate, consumer, construction and land development, commercial and industrial, small business administration, and residential real estate loans; letters of credit; non-profit and faith-based lending; short- and long-term financing; and credit and debit cards. In addition, it offers automated teller machines; e-statements; bill pay and cash management services; wire manager solutions; and online and mobile banking services. The company was founded in 1934 and is based in Washington, District Of Columbia.