Can doing the right, fair and honest thing for your customers, shareholders, employees and communities parlay into a nice return to investors? At Independence Bank there are 232 revolutionaries that work at the bank and believe in an Old Banking Formula that has proven two years running that it is more than possible. ABA Banking Journal announced in its June 2010 issue thatIndependence Bank has been named one of the Nation's Top 10 Performing Banks (page 36) in the >$100 million <$3 billion category. IB placed #8 this year, bettering last year's #11 finish.
When you examine the top 25 it might seem odd that a bank whose serviceread more...
I am excited to share the Independence Bank Revolutionary Rider commercial that was filmed in Bowling Green, KY in March. It starts with an 18th century horseman riding through an open field and into a modern-day residential neighborhood. He continues to race through the town to deliver the Declaration of Independence Bank. As he arrives at the courthouse, he nails the Declaration to the door for all of the people to see that Independence Bank is ready to stand up and be the leader of the revolution in banking.
They can’t be in banking. Reform in banking would simply impose what a group of lawmakers would deem “improvement.” Revolution in banking would mean a thorough cleansing of several practices in our industry. This “Mr. Clean” scrubbing would hit today's financial industry very hard, diminishing the bottom line for many banks for several years to come. Our nation’s larger banks rely heavily on “other” service charge income, specialty loan products and higher risk investments to beef up the “next quarter’s earnings.” Deviating from these practices would add dramatically to the already dismal returns and capital problems that many banks acrossread more...
For over two decades, the financial institutions, law makers and regulators have slowly converted the greatest economic development business into a complex, short-sighted, self-oriented collection of corporations. In this same period, Independence Bank has dedicated itself to continue with those old long-standing traditional banking values.
Values that place extraordinary customer service before the next quarter's profits.
Values that place employee needs before the corporation's wants.
Values that contribute to the economic growth of our communities.
Values that return generously to communities that invest and believe in us.
Two decades ago, laws, accounting standards and regulators opened the gates to allow an unprecedented volume of mergersread more...
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