Bank · FDIC insured
Independent Bank
A $1.9B bank headquartered in Memphis, TN, with 9 branches in Tennessee. Best rates: CDs 4.20% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: not enough terms or balances published to score. Savings: carrot has not captured enough rates to score this yet. Auto loans: no rates found on its website. Credit cards: no rates found on its website.
- CDs—4.20%CD rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Independent Bank
Independent Bank is located in Memphis, Tennessee.
- Headquarters
- 5050 Poplar Avenue, Memphis, TN 38157
- FDIC certificate
- 34728 ↗
Branches
9 branches in Tennessee
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Tennessee
9 branches
Memphis area · 6
- Independent BankMain office5050 Poplar Avenue, Memphis, TN 38157Directions
- Downtown Commerce Square Branch40 S Main St, Memphis, TN 38103Directions
- Laurelwood Branch450 Perkins Extd, Memphis, TN 38117Directions
- Poplar Ridgeway Branch6263 Poplar Ave, Memphis, TN 38119Directions
- Poplar/Holmes Branch3295 Poplar Ave, Memphis, TN 38111Directions
- Union Avenue Branch1711 Union Ave, Memphis, TN 38104Directions
Bartlett area · 1
- Kroger-Bartlett Branch5995 Stage Rd, Bartlett, TN 38134Directions
Collierville area · 1
- Independent Bank Collierville Branch2116 W Poplar Ave, Collierville, TN 38017Directions
Germantown area · 1
- Germantown Branch7635 Poplar Ave, Germantown, TN 38138Directions
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 | 10.60% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.85% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 1.26% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $82 | $88 | — |
- CapitalLeverage ratio10.60%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.85%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets1.26%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$82Peers’ 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 Independent Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.