Overview / Commentary
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 743rd largest bank in the nation. It was established in 1998 and as of December of 2018, it had grown to 214 employees at 12 locations. Independent Bank (TN)'s money market rates are 70% higher than the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #34728
Year Established1998
Employees214
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.22%
Return on Equity - YTD9.97%
Annual Interest Income$46.5MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$1.06B$1.00B
LoansQ4 2018vs Q4 2017$856.9MM$796.2MM
DepositsQ4 2018vs Q4 2017$892.4MM$850.2MM
Equity CapitalQ4 2018vs Q4 2017$127.9MM$120.4MM
Loan Loss AllowanceQ4 2018vs Q4 2017$8.6MM$8.1MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$10.5MM$7.6MM
Real Estate OwnedQ4 2018vs Q4 2017$2.3MM$1.9MM
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
2.50%$100-Interest Checking Special
0.25%$100-Package Checking
0.15%$100-Interest Checking Account

Independent Bank (TN) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$1k-31 Month CD Special
2.55%$1k-15 Month CD Special
1.40%$1k-36 Month CD
1.25%$1k-24 Month CD
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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