As one of the fastest growing banks in Kentucky and the fifth largest, Independence Bank is proud to announce its latest expansion into the Horse Capital of the World. Leading the Lexington market is Stacy Schanher Berge. With more than 20 years of banking and business management experience, Berge has an extensive background in monitoring financial performance and meeting treasury client needs. “I am honored to lead within an organization that embraces my values of community engagement, an extraordinary client focus, and compassionate care for our employees,” Berge explained. “Independence Bank feels like home.”
The financial institution brings an exceptional model of customer service and keeps community involvement at its core. Last year, it gave back more than $1.2 million to various charitable causes throughout the footprint to ensure basic needs were met. Independence Bank primarily served the western part of The Bluegrass State when it was founded in 1909, but has gradually become a front runner in central Kentucky. Independence Bank was recently voted Frankfort’s Favorite Bank after serving the state’s capitol since April of 2015. Louisville would later emerge as its 12th Commonwealth market the following year.
Chris Reid, Independence Bank Chairman and CEO, shared: “Lexington is a place I, personally, love. Five of my siblings attended the University of Kentucky. I have fond memories and have built life-long friendships from many visits through the years. I am excited to know that new ones will be created.”
Additionally, Independence Bank invests in its employees. This is likely why, for 13 years, it has been ranked a “Best Place to Work” in Kentucky – including securing the 2021 2nd place spot for a medium-sized company.
This expansion comes amid American Banker Magazine listing Independence Bank among the “Best Banks to Work For” across the nation. The 2021 ranking is up seven spots to 23rd this year. “We hire the best people— it’s to our advantage to tap into their experiences and expertise to make ourselves better,” Reid added. “You can bet on that.”