Bank of Ripley

Overview / Commentary
134 North Jefferson Street
Ripley, TN 38063

Bank of Ripley is headquartered in Ripley and is the 80th largest bank in the state of Tennessee. It is also the 2,668th largest bank in the nation. It was established in 1939 and as of December of 2019, it had grown to 63 employees at 4 locations. Bank of Ripley has a B+ health rating.

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Reviews (3)

Great Customer Service And Great Interest Rates.

Ignore what you've read below I've been an online member of this bank for several years now from Texas. Granted when I signed up with them they had a 5.25% interest rate which yes of course has dropped to 2.51%apy over time and I would expect that with the economy the way it is and has been going.

As for customer service the ladies have always been polite and helpful and telling me how to submit forms over the internet in email and I've been able to get new debit cards quite quickly with their service. They even went the extra mile to inform me I was sending my transfers to the wrong address.

I will continue to bank with them unless someone comes up with a much higher interest rate on their high yield checking accounts that won't drop overnight. I've tried a few others and yes there is the gimmick to get you to join with the high interest rates that you'll get for basically one month before the real interest rates kick in which is around 2% to 2.72% apy. With little to no risk these are great interest rates you can't get anywhere in a SAVINGS account. Yes you have to make 10-15 purchases per month with your card but who doesn't do that anyways? Buying groceries and gas and dining out easily take up those few purchases per month to net you those great interest rates.

The Worst Customer Service

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This bank has the worst customer service. They will talk to you in a friendly voice but are not helpful at all. Two weeks after I opened my account and changed over all my online bill pay and direct deposit accounts, they lowered my interest rate- which was my reason for choosing them in the first place. Then they hit you with all sorts of fees. I tried to give the little guy a chance but after this treatment I am returning to First Tennessee where I have always been treated well.

Bad Banking Business

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Health Grade Components

FDIC Certificate #15673
Year Established1939
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD4.74%
Annual Interest Income$8.9MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$224.9MM$219.9MM
LoansQ4 2019vs Q4 2018$81.6MM$78.8MM
DepositsQ4 2019vs Q4 2018$186.5MM$186.1MM
Equity CapitalQ4 2019vs Q4 2018$36.0MM$31.5MM
Loan Loss AllowanceQ4 2019vs Q4 2018$1.2MM$851.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$4.1MM$624.00K
Real Estate OwnedQ4 2019vs Q4 2018$10.00K$31.00K

Sorry, we do not have rate data for Bank of Ripley.


Bank of Ripley Locations
Bank Of Ripley134 North Jefferson StreetRipley, TN 38063
Highway 51 Branch1775 Highway 51 SouthCovington, TN 38019
Bank Of RipleyHwy 51 Location 514 Hwy 51 NorthRipley, TN 38063
Washington Street Facility311 South Washington StreetRipley, TN 38063

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