i-bank


Overview / Commentary
901-844-0401
5050 Poplar Avenue
Memphis, TN 38157

i-bank is headquartered in Memphis and is the 20th largest bank in the state of Tennessee. It is also the 825th largest bank in the nation. It was established in 1998 and as of June of 2022, it had grown to 228 employees at 12 locations. i-bank has an A+ health rating.

Reviews (3)

Excellent Banking Experience

Posted by: |

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!

"Fees" Are Outrageous

Posted by: |

Terrible bank. Purchased a new vehicle and was going to pay it off early as it is. It was easier to just get a loan and pay it than getting funds together at the dealership. What a joke! $15 dollar "fee" to send payment? 60x$15= $900 over the span of a loan. Wait a rip off. Paid the loan off but never again will I agree to a loan through this company. Beware

Hidden "Convenience" Fees

Posted by: |

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.



Health
A+

Health Grade Components

Overall
FDIC Certificate #34728
Year Established1998
Employees228
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.41%
Return on Equity - YTD11.99%
Annual Interest Income$26.8MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.24B$1.20B
LoansQ2 2022vs Q2 2021$998.6MM$889.7MM
DepositsQ2 2022vs Q2 2021$1.08B$1.05B
Equity CapitalQ2 2022vs Q2 2021$153.1MM$151.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$10.5MM$10.5MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$4.8MM$5.2MM
Real Estate OwnedQ2 2022vs Q2 2021$1.5MM$6.2MM
Rates

Sorry, we do not have rate data for i-bank.

Locations


i-bank 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 AveMemphis, TN 38157
Kroger-Bartlett Branch5995 Stage RoadBartlett, TN 38134
Poplar Avenue Branch6209 Poplar AvenueMemphis, TN 38119
Germantown Branch7635 Poplar AvenueGermantown, TN 38138

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.