OWENSBORO, Ky. – Independence Bank team of agricultural loan officers has helped land the bank in the top 100 farm lenders by dollar volume in the nation, according to the American Banker Association. With over $288 million in total farm loans at year end 2020, Independence Bank was the only Kentucky bank recognized on the list that was compiled using the quarterly Call Report data available from the FDIC.
“Over 18 percent of our current loan portfolio is agriculture related,” said Greg Mullican, chief lending officer. “That’s because we’ve made a conscious decision to position ourselves as specialists in the area of ag lending. Farming is about more than fiscal responsibilities; it’s about maintaining a legacy and reaping a harvest that you can be proud of and our lenders know that. Many of them have lived it. What we do every day across all areas of the bank is about more than a transaction, it’s about the relationships. And I think that type of customer service is what has allowed us to excel in this field.”
From traditional crops, to honey bees farms and even Thoroughbreds, Independence Bank is proud to be a part of an industry that truly serves as a life force for society, the bank said in a press release.