RUSSELLVILLE, Ky. — 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 financial institution’s footprint has widened to include a second Louisville location, along with opening offices in both Lexington and Shelbyville within the last 12 months.
This additional office neighbor Warren County where three Bank locations operate across Bowling Green.
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.
Independence Bank has a longstanding history of supporting this industry as the state’s top agriculture lender. 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.
Click here for more Kentucky business news.