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DaVita Launches Minority Bank Initiative with $1 Million Investment in Industrial Bank of Washington, D.C. to Support Underserved Communities
Date:11/23/2009

Partnerships with Minority Banks in Washington D.C., New York City, Los Angeles and Columbia, S.C. Intended to Spur Economic Growth and Revitalization

WASHINGTON, Nov. 23 /PRNewswire-USNewswire/ -- DaVita, the nation's leading provider of dialysis services, today was lauded by D.C. officials and members of the Anacostia community for a $1 million investment in Industrial Bank as part of an initiative aimed at investing in minority communities.

DaVita's investment in Washington, D.C. is part of the dialysis company's more than $5 million National Minority Bank Initiative, an effort to create jobs and aid community development in underserved communities across the country including Washington, D.C., Los Angeles, New York City, and Columbia, S.C.

"DaVita is committed to developing business and community partnerships that reflect our diverse base of patients and teammates," said Kent Thiry, DaVita CEO. "Through our National Minority Bank Initiative, DaVita is supporting the revitalization of underserved neighborhoods it serves by helping minority-owned businesses to thrive."

In Washington, D.C., DaVita is partnering with Industrial Bank, 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.

"Industrial Bank is pleased to be a part of the DaVita Corporation's National Minority Bank initiative and today's turkey giveaway in Southeast Washington's Anacostia Community," said B. Doyle Mitchell, Industrial Bank President and CEO. "Industrial Bank has a strong legacy of community involvement and economic development. Our partnership with DaVita enables us to extend our reach beyond financial matter
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