i-bank is headquartered in Memphis and is the 18th largest bank in the state of Tennessee. It is also the 836th largest bank in the nation. It was established in 1998 and as of March of 2021, it had grown to 224 employees at 12 locations. i-bank has an A health rating.
I-Bank is an outstanding bank for personal and business banking needs. The bank carries an A rating in regards to its financial strength and that is important. The employees are courteous and go that “extra mile”. I consider I-Bank the best bank in the Memphis, Tennessee area!
If I could give negative stars I would..... The Competitive rates are truly deceptive as they make up for it with all of their "convenience" fees. The customer service is hands down the worst I have ever dealt with in financing an auto loan. Paying off a loan early was a process that kept me on the phone ALL day long receiving a different payoff amount from every single person I talked to. I left 5 voice mail messages and 2 emails for managers to contact me, as they are conveniently never available. Not one call or email back. Stay away. Take your business somewhere else.
|FDIC Certificate #||34728|
|Return on Assets - YTD||1.25%|
|Return on Equity - YTD||10.31%|
|Annual Interest Income||$12.3MM|
|Assets and Liabilities|
|Assets||Q1 2021vs Q1 2020||$1.20B$1.11B|
|Loans||Q1 2021vs Q1 2020||$908.1MM$928.3MM|
|Deposits||Q1 2021vs Q1 2020||$1.04B$902.9MM|
|Equity Capital||Q1 2021vs Q1 2020||$146.7MM$136.4MM|
|Loan Loss Allowance||Q1 2021vs Q1 2020||$10.5MM$8.8MM|
|Unbacked Noncurrent Loans||Q1 2021vs Q1 2020||$5.2MM$5.8MM|
|Real Estate Owned||Q1 2021vs Q1 2020||$7.3MM$6.6MM|
Sorry, we do not have rate data for i-bank.
|Union Avenue Branch||1711 Union Avenue||Memphis, TN 38104|
|Independent Bank Collierville Branch||2116 West Poplar||Collierville, TN 38017|
|Poplar/Holmes Branch||3295 Poplar Avenue||Memphis, TN 38111|
|Downtown Commerce Square Branch||40 South Main Street||Memphis, TN 38103|
|Laurelwood Branch||450 Perkins Extd||Memphis, TN 38117|
|Independent Bank||5050 Poplar Avenue||Memphis, TN 38157|
|Kroger-Bartlett Branch||5995 Stage Road||Bartlett, TN 38134|
|Poplar Avenue Branch||6209 Poplar Avenue||Memphis, TN 38119|
|Germantown Branch||7635 Poplar Avenue||Germantown, TN 38138|