As of the end of 2019, the U.S. had 4,750 community banks with more than 29,000 branches throughout the country, according to the FDIC's 2020 Community Banking Study, the latest study available.
Is Independent Bank a good bank?
Overall, Independent Bank is a respectable bank that deserves your consideration, with a score of 4.0 stars out of 5 from the SmartAsset team. Independent Bank offers a full suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards.
Is Independent Bank a local bank?
An independent bank is a locally owned commercial bank that is not affiliated with a multibank holding company. All of its funds flow in and out through the community in which it operates.
Who is the best bank to bank with?
Financial institution Best for
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Upgrade Overall, cash-back rewards.
Charles Schwab Overall, ATM availability.
Ally Bank Overall, flexible overdraft options.
Alliant Credit Union Overall, high rates.
Which bank is most trustworthy?
Institution BBB grade
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TD Bank B+
Regions A+
US Bank A+
Bank of America A+
Who owns Independent Financial?
Guaranty Bancshares
What did Independent Bank used to be called?
History. The bank traces its roots to First National Bank of Ionia, which was founded in 1864. In 1896, relinquished its national charter and obtained a state charter, reorganized as State Savings Bank of Ionia. in 1952, changed name to First Security Band.
Does Independent Bank report to credit bureaus?
Banks aren't obligated to report After all, banks are reporting our every move to the credit bureaus, right? Not necessarily. In fact, no lender has to report your account information to Equifax, Experian or TransUnion — doing so is totally voluntary.
Is Independent Bank the same as independent financial?
Our Take: Independent Financial, formerly known as Independent Bank, is a full-service financial institution offering a full range of accounts with competitive rates and low or no fees.
Who owns Independent Financial bank?
David R. Brooks is Chairman of the Board, CEO and a director of the Company. Mr. Brooks began his banking career in the early 1980s with a large regional bank and has been active in community banking since he led the investor group that acquired the Bank in 1988.