Peoples Independent Bank
FDIC #27233
📍 Boaz, Alabama
Peoples Independent Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in May 2, 1988. With assets of $449.64 Million, it operates 9 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: December 1, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
December 1, 2024
Satisfactory
October 1, 2021
Satisfactory
October 1, 2015
Satisfactory
💰 Financial Strength
Total Assets$449.64 Million
Total Deposits$390.99 Million
Equity Capital$26.06 Million
Net Income$4.73 Million
📈 Performance
ROA1.44%
ROE23.54%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
EstablishedMay 2, 1988
FDIC Cert27233
Holding CoPeoples Ind Bancshares Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeDecember 18, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:30 AM - 4:00 PM
Tuesday8:30 AM - 4:00 PM
Wednesday8:30 AM - 4:00 PM
Thursday8:30 AM - 4:00 PM
Friday8:30 AM - 5:00 PM
Saturday8:30 AM - 12:00 PM
SundayClosed
📜 Institutional History
2017
Merger / Acquisition
Acquired: Horizon Bank
2006
Relocation
Moved HQ to: 121 Billy B. Dyar Boulevard, Boaz, AL 35957.
2005
Name Change
Name became: Changed Institution Name To Peoples Independent Bank.