Independent Bank (TN)

Overview / Commentary
5050 Poplar Avenue
Memphis, TN 38157

Independent Bank (TN) is headquartered in Memphis and is the 17th largest bank in the state of Tennessee. It is also the 764th largest bank in the nation. It was established in 1998 and as of September of 2019, it had grown to 218 employees at 12 locations. Independent Bank (TN)'s money market rates are 48% higher than the national average, and it boasts an A+ health rating.

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Health Grade Components

FDIC Certificate #34728
Year Established1998
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.31%
Return on Equity - YTD10.57%
Annual Interest Income$39.1MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$1.06B$996.8MM
LoansQ3 2019vs Q3 2018$881.5MM$804.1MM
DepositsQ3 2019vs Q3 2018$887.0MM$828.6MM
Equity CapitalQ3 2019vs Q3 2018$132.4MM$124.6MM
Loan Loss AllowanceQ3 2019vs Q3 2018$8.5MM$8.1MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$5.7MM$9.4MM
Real Estate OwnedQ3 2019vs Q3 2018$2.4MM$1.6MM
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Always verify rates and promotions with the bank or credit union. We are not Independent Bank (TN); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Independent Bank (TN) Savings Account Rates

0.20%$100-Savings Account
0.20%-$500kSavings Special - New Money

Independent Bank (TN) Money Market Rates

0.65%*$500k*-Money Market Savings
OTHER TIERS: 0.20% Up to $50k | 0.35% $50k - $250k | 0.50% $250k - $500k
0.65%*$500k*-Money Market Special
OTHER TIERS: 0.20% Up to $50k | 0.35% $50k - $250k | 0.50% $250k - $500k

Independent Bank (TN) Checking Account Rates

2.25%$100-Interest Checking Special
0.20%$100-Package Checking
0.10%$100-Interest Checking Account

Independent Bank (TN) CD Rates

2.10%$1k-15 Month CD Special
1.30%$1k-36 Month CD
1.15%$1k-24 Month CD
1.15%$1k-31 Month CD Special
1.00%$1k-12 Month CD
0.45%$1k-6 Month CD

Independent Bank (TN) IRA Rates

1.30%$1k-36 Month IRA
1.15%$1k-24 Month IRA
1.00%$1k-12 Month IRA
0.45%$1k-6 Month IRA

Independent Bank (TN) Locations
Union Avenue Branch1711 Union AvenueMemphis, TN 38104
Independent Bank Collierville Branch2116 West PoplarCollierville, TN 38017
Poplar/Holmes Branch3295 Poplar AvenueMemphis, TN 38111
Downtown Commerce Square Branch40 South Main StreetMemphis, TN 38103
Laurelwood Branch450 Perkins ExtdMemphis, TN 38117
Independent Bank5050 Poplar AvenueMemphis, TN 38157
Kroger-Bartlett Branch5995 Stage RoadBartlett, TN 38134
Poplar Avenue Branch6209 Poplar AvenueMemphis, TN 38119
Germantown Branch7635 Poplar AvenueGermantown, TN 38138

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