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Independent Bank (TN)


Overview / Commentary
i-bankonline.com
901-844-0400
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 772nd largest bank in the nation. It was established in 1998 and as of March of 2019, it had grown to 215 employees at 12 locations. Independent Bank (TN)'s money market rates are 70% higher than the national average, and it has an A health rating.

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Health
A

Data as of Q1 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #34728
Year Established1998
Employees215
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.26%
Return on Equity - YTD10.31%
Annual Interest Income$12.8MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$1.02B$957.9MM
LoansQ1 2019vs Q1 2018$857.4MM$789.0MM
DepositsQ1 2019vs Q1 2018$879.6MM$813.4MM
Equity CapitalQ1 2019vs Q1 2018$127.3MM$119.2MM
Loan Loss AllowanceQ1 2019vs Q1 2018$8.5MM$8.2MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$8.6MM$6.8MM
Real Estate OwnedQ1 2019vs Q1 2018$2.5MM$1.7MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$100-Savings Account
0.25%-$500kSavings Special - New Money

Independent Bank (TN) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$500k*-Money Market Savings
OTHER TIERS: 0.25% → Up to $50k | 0.40% → $50k - $250k | 0.60% → $250k - $500k
0.75%*$500k*-Money Market Special
OTHER TIERS: 0.25% → Up to $50k | 0.40% → $50k - $250k | 0.60% → $250k - $500k

Independent Bank (TN) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$100-Interest Checking Special
0.25%$100-Package Checking
0.15%$100-Interest Checking Account

Independent Bank (TN) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.55%$1k-15 Month CD Special
1.40%$1k-36 Month CD
1.25%$1k-24 Month CD
1.25%$1k-31 Month CD Special
1.10%$1k-12 Month CD
0.50%$1k-6 Month CD

Independent Bank (TN) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%$1k-36 Month IRA
1.25%$1k-24 Month IRA
1.10%$1k-12 Month IRA
0.50%$1k-6 Month IRA
Locations


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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