Independent Bank is a bank based in Memphis, Tennessee, established in 1998, with $1.7 billion in total assets across 12 branches. By Trust Grade it ranks 21st of 109 banks we track in Tennessee. Its capital ratio of 11.3% is stronger than 66% of similarly sized banks, versus a Tennessee median of 9.8%. It was profitable over the most recent period, with a 1.26% return on assets. No consumer complaints against Independent Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Independent Bank compares to Tennessee peers
How we graded Independent Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (11.3% capital ratio)
- Strongly profitable (ROA 1.26%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Independent Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (12)
- 6263 Poplar Ave, Memphis, TN 38119
- 2116 W Poplar Ave, Collierville, TN 38017
- 1711 Union Ave, Memphis, TN 38104
- 3295 Poplar Ave, Memphis, TN 38111
- 5995 Stage Rd, Bartlett, TN 38134
- 450 Perkins Extd, Memphis, TN 38117
- 7635 Poplar Ave, Germantown, TN 38138
- 40 S Main St, Memphis, TN 38103
- 3010 Lyndon B Johnson Fwy, Dallas, TX 75234
- 550 Wells Rd, Orange Park, FL 32073
- 1515 Gunbarrel Rd, Chattanooga, TN 37421
- 5050 Poplar Avenue, Memphis, TN 38157
Are deposits at Independent Bank insured?
Yes. Independent Bank is an FDIC-insured bank (FDIC certificate #34728). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Independent Bank: frequently asked questions
Is Independent Bank a good bank?
Independent Bank earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (11.3% capital ratio); Strongly profitable (ROA 1.26%).
Is Independent Bank FDIC-insured?
Yes. Independent Bank is a FDIC-insured bank (FDIC certificate #34728). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Independent Bank?
Independent Bank holds $1.7 billion in total assets, ranking 21st of 109 banks we track in Tennessee. It operates 12 branches.
Does Independent Bank have CFPB complaints?
No CFPB complaints against Independent Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
