Industrial Bank Begins Distribution of New Ellington Coin at Historic U Street Branch

WASHINGTON, DC — Given its legacy of community involvement and economic development, it seems only natural that Industrial Bank begins distribution of the Duke Ellington quarter at its oldest branch on the historic U Street Corridor.

Distribution starts at 10 a.m. Thursday, February 26, 2009, at Industrial Bank, 2000 11th Street, NW, Washington, D.C. The ceremony, part of Duke Ellington Week, will feature a coin give-away to the first 200 customers that visit the bank for official transactions and remarks by Congresswoman Eleanor Holmes Norton and B. Doyle Mitchell, Jr., Industrial Bank President and Chief Executive Officer.

“Industrial Bank is privileged to be the official distributor of this newly minted coin, which rightly honors a man whose music, grace and style gave hope to so many in the community,” says Mr. Mitchell. “We hope this coin keeps alive his artistic vision and rekindles a commitment to our communities so our children can fulfill their potential.”

The District of Columbia commemorative quarter, which depicts Ellington at the piano, was unveiled at a news conference earlier this week at the Smithsonian Institution's National Museum of American History. The U.S. Mint says Ellington, born in Washington, is the first African-American musician on a circulating U.S. coin.

Beginning Friday, February 27, 2009, the coin will also be available at these Industrial Bank locations: Frank D. Reeves Municipal Center Office, 2000 Fourteen Street, NW, Washington, DC; Georgia Avenue Office, 4812 Georgia Avenue, NW, Washington, DC; F Street Office, 1317 F Street, NW, Washington, DC; J. H. Mitchell Office, 125 45th Street, NE, Washington, DC; Forestville Office, 7610 Pennsylvania Avenue, Forestville, MD; Oxon Hill Office, 1900 John Hanson Lane, Oxon Hill, MD.

Founded on August 20, 1934, Industrial Bank is the oldest and largest minority commercial bank in the metropolitan Washington region. For 75 years, the bank has delivered essential banking and financial services that have contributed greatly to the growth and development of the Washington, D.C. community.

CONTACT: Rafael Soriano, Industrial Bank
202-722-2000, extension 3108 |
rsoriano@industrial-bank.com