i-bank


Overview / Commentary
901-844-5051
5050 Poplar Avenue
Memphis, TN 38157

i-bank is headquartered in Memphis and is the 17th largest bank in the state of Tennessee. It is also the 796th largest bank in the nation. It was established in 1998 and as of December of 2020, it had grown to 223 employees at 12 locations. i-bank has an A health rating.

Reviews (2)

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!

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

Health Grade Components

Overall
FDIC Certificate #34728
Year Established1998
Employees223
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.26%
Return on Equity - YTD10.38%
Annual Interest Income$52.1MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$1.21B$1.11B
LoansQ4 2020vs Q4 2019$936.2MM$898.3MM
DepositsQ4 2020vs Q4 2019$1.06B$915.6MM
Equity CapitalQ4 2020vs Q4 2019$145.8MM$136.0MM
Loan Loss AllowanceQ4 2020vs Q4 2019$10.7MM$8.6MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$5.0MM$5.3MM
Real Estate OwnedQ4 2020vs Q4 2019$7.2MM$7.0MM
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 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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