Bank Independent is a Commercial bank, state charter, Fed member, and supervised by the Federal Reserve Bank (FRB) based in Sheffield, Alabama, established in 08/02/1947. Operating with a focus on Commercial Lending Specialization, it offers a broad range of financial services across its 33 domestic offices and 0 foreign offices. As of the last update on 04/12/2024, Bank Independent reported total assets of $2,672,561 and manages deposits totaling $2,266,966 from its domestic operations. This institution is recognized for its commitment to stability and growth, reflected in a net income of $6,628 thousands last year. For more details, visit their website at www.bibank.com.
Bank Information:
- Bank Name: Bank Independent
- Address: 710 S Montgomery Ave, Sheffield, Colbert, AL, 35660
- Website: www.bibank.com
Classification and Operations:
- State: Alabama
- Institution Class: Commercial bank, state charter, Fed member, and supervised by the Federal Reserve Bank (FRB)
- Bank Class: State commercial bank, FRS member
- Specialization: Commercial Lending Specialization
- Regulatory Reporting Form Number:
Bank Office and Assets:
- Number of Domestic Offices: 33
- Number of Foreign Offices: 0
- Total Assets: $2,672,561
- Total Deposits: $2,266,966
- Domestic Office Deposits: $2,266,966
Financial Data:
- Net Income (Attributable to Bank): $6,628
Establishment and Record:
- Established Date: 08/02/1947
- Last Recorded Data on: 04/12/2024