Bank Independent
- Bank Name:Bank Independent
- Bank Class:State Chartered - FED Member Bank
- Member FDIC:Certificate #16604
- Routing Number:ACH & Wire - 062205791
- Locations:31 Branches in Alabama
- Web Address:bibank.com
Bank Independent Information
Bank Independent was founded in August 1947 and is based in Sheffield, Alabama. The bank operates as a subsidiary of Bancindependent, Incorporated. According to the Federal Deposit Insurance Corporation records and based on the institution's charter type, Bank Independent is classified as a commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB). Bank Independent is a FDIC-insured bank with certificate number of 16604. The assigned Fed RSSD ID of Bank Independent is 539032.
Bank Independent currently operates with 31 branches located in Alabama. Bank Independent is the 8th largest bank in Alabama. The bank does not have any offices outside Alabama. As of today, Bank Independent is the 249th largest bank in US by branch count.
A routing number is a nine-digit code used to identify a financial institution. The bank has one routing number in our database and the routing number for Bank Independent is 062205791. This routing number is necessary to process ACH transfers, wire transactions, direct deposits, bill payments, and other monetary transfers within the US.
The full address of bank headquarters is 710 South Montgomery Avenue, Sheffield, AL 35660. You can visit the official website of the bank at https://www.bibank.com for more information and online banking service if available. For a comprehensive list of Bank Independent branches, including detailed information such as hours of operation, contact numbers, addresses, available services, and more, please narrow your search by selecting a location from the map or list below.
Map Of Branch Locations
Bank Offices In Alabama
History Of Bank Independent
Bank Independent, originally established as the Bank of Leighton on August 2, 1947, underwent significant changes throughout its history. On November 15, 1965, the institution changed its name to First Colbert Bank and, subsequently, on August 21, 1967, it transitioned to a national bank with a new charter from The Office of the Comptroller of the Currency, becoming a member of the Federal Reserve System. The main office was relocated to 710 South Montgomery Avenue in Sheffield, Alabama, on June 15, 1970. On December 1, 1982, the bank acquired The Bank of Florence in Florence, Alabama, changed its name to Bank Independent, and shifted its chartering agency to the state level. That same day, it also expanded its trust powers to full capacity.
Below is a list of some important events in bank's history, including mergers and acquisitions.
12-01-1982Acquired The Bank of Florence in Florence, AL.
12-01-1982Changed Trust Powers to Full.
12-01-1982Changed Institution Name to Bank Independent.
12-01-1982Changed Chartering Agency to State.
06-15-1970Main Office moved to 710 South Montgomery Avenue, Sheffield, AL 35660.
Reviews & Complaints
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These folk have always been super helpful and very efficient. I like banking here.... Read more
I recently had the pleasure of meeting Josey Barnett, Relationship Banker, at the Florence Square Branch. My checking account had been compromised, which required the account to be closed and a new account opened. This account has several Direct Deposits going into it each month plus several debits, at my request, by bank each month. This required changing the account number for each of these tran... Read more
Hardest log in I have ever encountered. If it is not made easier I will change banks.... Read more
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