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

Kiko Davis, majority owner of First Independence Bank in Detroit, Michigan

At 48 years old, Kiko Davis is the majority stockholder of Detroit-based First Independence Bank, one of the top 10 largest Black-owned banks in the United States. Kiko Davis is the only Black woman in the nation to a bank.

In a recent 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 motivate 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.”

Davis says that she is greatly inspired by Shirley Chisolm, the first Black congresswoman and first major party Black candidate to run for president in 1972. Her beloved quote by Shirley Chisolm is, “In the end, anti-Black, anti-female, and all forms of discrimination are equivalent to the same thing: anti-humanism.”

Kiko was also heavily 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 visualized and cultivated.

Kiko says that taking risks is very crucial 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 credits her success to prayer, eating healthy, and exercising.

For more details about Kiko’s company, First Independence Bank, visit or connect with her on LinkedIn at

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