Logan County has been selected as home to the newest revolutionary expansion. This development marks the 15th market for Independence Bank. The announcement comes as the Bank’s footprint has widened to include a second Louisville location along with opening offices in both Lexington and Shelbyville within the last 12 months.
Chad Hall currently serves as President of the Bank’s oldest market, McLean County, and has been chosen to lead the Bank in Russellville. He will serve a dual role and spend time between both towns for the time being. This additional office neighbors Warren County where three Bank locations operate across Bowling Green.
“Being able to return home is the fulfillment of a goal Jessica and I had set for our family,” Hall explained. “I was overjoyed at the opportunity of introducing my hometown and all of Logan County to a community bank that values its clients and communities by prioritizing their needs, their values and their uniqueness. Independence Bank does this by providing excellent customer service every day.”
Since officially becoming known as Independence Bank in 1997, the Bank family has grown from 22 employees to more than 400. Total assets, during that time, have expanded from $40 million to $3.3 billion. The Bank believes as it grows, so should the quality of life in the same parts of town. Last year, it gave back more than $1.2 million to various charitable causes throughout its footprint to ensure basic needs were met. Here For Good is a community commitment. Investments are made regularly to make improvements through impactful initiatives.
“We give our time and resources by building beds, providing meals and serving where there is a need,” Independence Bank President Jacob Reid shared. “This is done all while making local decisions that are right for our communities. I have complete confidence in Chad. We’re happy to watch him continue his many successes in his hometown.”
Independence Bank feels it is important to invest in its employees. This is likely why, for 14 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.
Independence Bank possesses the means to serve the largest and most complex clients, with expertise as diverse as the communities in which it serves. With the freedom to choose how you bank, investments are made in the newest products and technologies so the provided experience can stand up to and surpass the ‘big banks.’ Whether your needs are related to manufacturing, service industries or more, all can be accommodated. As the state’s top agriculture lender, Independence Bank has a long-standing history of supporting this industry. According to the Associated Press, Kentucky agriculture appears to be on a record pace to surpass $7 billion in cash receipts in 2022. Farming is about more than fiscal responsibilities; it’s about maintaining a legacy and reaping a harvest that farmers can be proud of.
Plans are underway to build a permanent location in Logan County. In the meantime, the Bank will operate out of a temporary space at the Forum Shops of Russellville located at 115 Sam Walton Drive Suite 1. The hiring progress has begun to identify and build a first-class team that is dedicated to this area.
“I have had the honor to work with the Bank’s most faithful clients and devoted communities,” Hall added. “Much like McLean County, the Land of Logan is home to some of the Commonwealth’s finest individuals! Many people within this community invested in me as a young man. I am grateful to return home and do the same.”
A community board is being formed to help drive growth and market direction.
ABOUT INDEPENDENCE BANK:
Independence Bank is a regional community bank with 29 locations in Calloway, Daviess, Fayette, Franklin, Graves, Hancock, Henderson, Hopkins, Jefferson, Logan, McCracken, McLean, Shelby, Warren and Webster counties. One of the fastest growing banks in Kentucky and fifth largest, Independence Bank possesses the size and experience to serve the largest and most complex clients and offers trust and investment services and agricultural services. As a banking revolution for the people, by the people, central to Independence Bank’s mission is doing what is right and fair for customers, communities and employees. Independence Bank has been recognized in multiple categories by the American Bankers Association, including being named a Top Performing Bank and Best Bank to Work For, for 12 consecutive years, a Best Place to Work in Kentucky for 14 years and has assets totaling $3.3 billion.