Bank · FDIC insured
Bank Independent
A $2.9B bank headquartered in Sheffield, AL, with 32 branches in Alabama. Best rates: savings 0.13% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: carrot has not captured enough rates to score this yet. Auto loans: no rates found on its website. Credit cards: only rates Carrot doesn’t compare are published (introductory, refinance or business rates, or none at all).
- Savings650.17%at $100,000Savings rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Bank Independent
Bank Independent is a community bank originating in 1947 as The Bank of Leighton, serving communities across North Alabama.
The bank was renamed First Colbert National Bank before merging with The Bank of Florence in 1982 to become Bank Independent.
The bank operates as a closely-held, independent organization.
- Headquarters
- 710 S Montgomery Ave, Sheffield, AL 35660
- FDIC certificate
- 16604 ↗
Branches
32 branches in Alabama
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Alabama
32 branches
Florence area · 14
- Bank IndependentMain office710 S Montgomery Ave, Sheffield, AL 35660Directions
- Cherokee Branch8260 Highway 72, Cherokee, AL 35616Directions
- Cox Creek Branch863 Cox Creek Pkwy, Florence, AL 35630Directions
- Darby Place Branch1701 Darby Dr, Florence, AL 35630Directions
- Florence Branch210 S Pine St, Florence, AL 35630Directions
- Florence Square Branch2902 Florence Blvd, Florence, AL 35630Directions
- Killen Branch1081 Highway 72, Killen, AL 35645Directions
- Leighton Branch8720 Main St, Leighton, AL 35646Directions
- Lexington Branch11250 Highway 101, Lexington, AL 35648Directions
- Muscle Shoals Branch1109 Avalon Ave, Muscle Shoals, AL 35661Directions
- Bank Street Branch102 Bank Street, Rogersville, AL 35652Directions
- Jackson Place Branch729 E 2nd St, Sheffield, AL 35660Directions
- Deshler Branch200 N Commons St E, Tuscumbia, AL 35674Directions
- Tuscumbia Branch119 N Main St, Tuscumbia, AL 35674Directions
Huntsville area · 8
- Athens Branch101 S Clinton St, Athens, AL 35611Directions
- Athens East Branch22015 Us Highway 72, Athens, AL 35613Directions
- Downtown Huntsville Branch225 Holmes Ave Ne, Suite 100, Huntsville, AL 35801Directions
- Midcity Huntsville Branch1084 Mid City Dr Nw, Huntsville, AL 35806Directions
- South Huntsville Branch9010 Memorial Parkway Sw, Huntsville, AL 35802Directions
- Madison Branch7564 Highway 72 W Ste A1, Madison, AL 35758Directions
- West Madison Branch11254 County Line Rd, Madison, AL 35756Directions
- Hampton Cove Branch410 Sutton Road, Owens Cross Roads, AL 35763Directions
Decatur area · 7
- Courtland Branch360 Alabama Street, Courtland, AL 35618Directions
- Decatur Beltline Branch1425 Beltline Rd Sw, Decatur, AL 35601Directions
- Decatur Crossings Branch2606 Highway 31 S, Decatur, AL 35603Directions
- Decatur Main Branch102 2nd Ave Se, Decatur, AL 35601Directions
- Hartselle Branch1211 Highway 31 Nw, Hartselle, AL 35640Directions
- East Lawrence Branch22899 Al Highway 24, Moulton, AL 35650Directions
- Moulton Branch15259 Court St, Moulton, AL 35650Directions
Russellville area · 3
- Red Bay Branch117 4th Ave Se, Red Bay, AL 35582Directions
- Russellville Branch401 Jackson Ave N, Russellville, AL 35653Directions
- Russellville Village Square Branch13566 Highway 43, Russellville, AL 35653Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.82% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.22% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 0.63% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $75 | $88 | — |
- CapitalLeverage ratio9.82%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.22%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets0.63%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$75Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Bank Independent are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.