B. Doyle Mitchell Jr.

Doyle Mitchell, Jr. is President and CEO of Industrial Bank, the largest minority-owned commercial bank in the Washington Metropolitan area and the sixth largest African-American owned financial institution in the country. Industrial Bank was founded on August 22, 1934 and is celebrating 80 years of service.

A native Washingtonian, Mr. Mitchell was born and raised in the Washington banking community that his grandfather (Industrial Bank’s founder) and father helped to create. After receiving his bachelor’s degree in economics from Rutgers University in 1984, he began a full-time career with Industrial Bank. He was elected to the Board of Directors in 1990 and succeeded his father as president in 1993.

Under Mr. Mitchell’s leadership, Industrial Bank formed the IBW Financial Corporation (holding company) in 1994 to facilitate expansion into Prince George’s County, Maryland. As one of the first banks to utilize the new interstate banking laws, he was recognized by the Secretary of Treasury, Lloyd Bentsen, as a pioneer in the banking industry during the signing of the Interstate Banking Bill enacted in September 1994. On October 26, 2013, Industrial Bank received the Lifetime Legacy Award from the DC Chamber of Commerce.

Mr. Mitchell currently serves as Chairman of the Greater Prince George’s Business Roundtable and the DC Chamber of Commerce Foundation. He is a member of the U.S. Black Chambers, Inc. President’s Circle and the Archbishop Carroll High School President’s Council, his alma mater. He also serves on the board of the Anacostia Bid Development Group and the New Sewell Music Conservatory.

Mr. Mitchell received the 2015 Minority Business Leader Award from the Washington Business Journal; the 2015 Torch Award from the National Newspaper Publishers Association Foundation; the Greater Prince George’s Business Roundtable Chairman’s Award; the 2015 Human Servant Award from Training Grounds; and the Heritage Award during the Bowie State University Sesquicentennial Founders Day Awards Gala in 2015.

Industrial Bank provides a full range of quality banking and financial services. This includes residential mortgage loans, small business and SBA loans, and commercial real estate and church loans. It also includes online banking, mobile banking, and a host of depository and cash management services and surcharge free access to over 25,000 ATMs worldwide. B. Doyle Mitchell Jr. and Industrial Bank are dedicated to serving our region.