Peoples Independent Bank is a bank based in Boaz, Alabama, established in 1988, with $486 million in total assets across 9 branches. By Trust Grade it ranks 58th of 93 banks we track in Alabama. Its capital ratio of 8.2% trails most similarly sized banks (18th percentile), versus a Alabama median of 10%. It was profitable over the most recent period, with a 1.55% return on assets. No consumer complaints against Peoples Independent Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Peoples Independent Bank compares to Alabama peers
How we graded Peoples Independent Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.2% capital ratio)
- Strongly profitable (ROA 1.55%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Peoples Independent Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (9)
- 1167 Main St, Fyffe, AL 35971
- 3736 Main Street Powell, Fyffe, AL 35971
- 23083 Alabama Highway 75, Sylvania, AL 35988
- 820 S Broad St, Scottsboro, AL 35768
- 121 Billy B. Dyar Boulevard, Boaz, AL 35957
- 5690 Us Highway 278 E, Gadsden, AL 35903
- 99 Alabama Highway 168, Horton, AL 35980
- 3915 Pope Ave, Steele, AL 35987
- 111 Steel Dr, Gurley, AL 35748
Are deposits at Peoples Independent Bank insured?
Yes. Peoples Independent Bank is an FDIC-insured bank (FDIC certificate #27233). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Peoples Independent Bank: frequently asked questions
Is Peoples Independent Bank a good bank?
Peoples Independent Bank earns a Bankzia Trust Grade of A (91/100, "Excellent"), based on a financial-strength score of 91/100 (it has no CFPB complaints on record). Well-capitalized (8.2% capital ratio); Strongly profitable (ROA 1.55%).
Is Peoples Independent Bank FDIC-insured?
Yes. Peoples Independent Bank is a FDIC-insured bank (FDIC certificate #27233). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Peoples Independent Bank?
Peoples Independent Bank holds $486 million in total assets, ranking 58th of 93 banks we track in Alabama. It operates 9 branches.
Does Peoples Independent Bank have CFPB complaints?
No CFPB complaints against Peoples Independent Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
