International Finance Bank (IFB)

What International Finance Bank (IFB) does

International Finance Bank (IFB) is a state-chartered, FDIC-insured community bank founded in 1983, headquartered in Miami, Florida, and operating as a wholly-owned subsidiary of IFB Bancorp, Inc. since July 2020. The bank maintains full-service banking centers in Miami and New York, a residential loan production office in Aventura, Florida, and distributed lending via named loan officers. Its product set spans personal banking (Basic, Choice, Senior Citizen, NOW, Money Market, Child FLUTMA, Savings accounts), business banking (Business Checking, Choice Business, Business Interest Checking, Business Money Market), international personal and business banking for non-resident aliens, residential mortgages (ARM, purchase, refinance, HELOC, construction-to-permanent) including a Professionals Program, commercial lending (CRE, C&I, equipment financing, SBA 7(a), SBA 504, working capital, term loans), and a Treasury Management System suite covering A/R, A/P, RDC, ACH, wires, merchant services, SmartPay Express, bill payment, purchasing card, and Positive Pay fraud controls.

The bank's technology stack centers on a digital banking platform with iOS/Android mobile apps, online banking, and a dedicated Treasury Management System (TTS) portal, secured by SSL encryption, password-controlled entry, firewalls, and filtering routers. Alliances are narrow and pragmatic: payment integrations include Apple Pay, Google Pay, Zelle, ACH network, and wire transfers; merchant-side infrastructure comprises SmartPay Express and standard card acceptance. The bank's wholly-owned subsidiaries, IFB Insurance LLC and IFB Wealth, extend into insurance and wealth management as cross-sell vehicles.

IFB generates revenue through net interest income on a loan book of approximately $713.7M and a deposit base of $844.6M (June 2021), with supplemental fee income from SBA origination, commercial and residential lending fees, treasury management services, monthly deposit-account service charges, ATM and wire fees. Its go-to-market is sales-led, delivered through branch-based and digital channels with a Preferred Banker relationship model targeting individuals, professionals, small and middle-market businesses, and international clients across South Florida and the New York metropolitan area.

Name

International Finance Bank (IFB)

Legal name

International Finance Bank

Website

https://ifbbank.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

101–250 employees

Short description

International Finance Bank is a privately held, FDIC-insured community bank headquartered in Miami with full-service branches in Miami and New York and a residential lending office in Aventura, serving individuals, small and middle-market businesses, professionals, and non-resident international clients with deposits, commercial and residential lending, SBA loans, and treasury management.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

Keywords

• Community banking services
• Commercial real estate lending
• Residential mortgage loans
• Treasury management solutions
• International private banking

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income: Revenue from interest earned on loans including commercial real estate, commercial and industrial, residential mortgages, construction loans, and SBA-backed loans.
2. Fee Income: Monthly service charges on deposit accounts, ATM transaction fees, wire transfer fees, and other banking service fees.
3. Commercial Lending Fees: Origination and processing fees from commercial real estate loans, equipment financing, SBA 7(a) and SBA 504 loans, and working capital facilities.
4. Residential Lending Fees: Origination and processing fees from residential mortgages, home equity lines of credit, and the Professionals Program.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

International Finance Bank is a Miami-based community bank that takes deposits and originates loans across personal, business, international, residential and commercial lines. Core sellable offerings include personal and business checking, savings and money market accounts; international accounts for non-resident clients; residential mortgages (including a Professionals Program); commercial real estate, C&I, SBA, equipment and working capital loans; a Treasury Management System with Remote Deposit Capture, ACH, wires, merchant services and Positive Pay; and an iOS/Android mobile banking app.

Product overview

International Finance Bank (IFB) offers a comprehensive suite of banking products and services through a multi-channel platform. The bank's product portfolio includes Personal Banking (Basic Checking, Choice Personal Checking, Senior Citizen Checking, NOW Account, Personal Savings, Personal Money Market, Child FLUTMA Savings), Business Banking (Business Checking, Choice Business Checking, Business Interest Checking, Business Money Market), and International Banking services for both personal and business clients. IFB provides residential lending products including Adjustable-Rate Mortgages, Home Purchase Financing, Home Refinance, Home Equity Lines of Credit (HELOC), and Construction-to-Permanent Financing, plus a specialized Professionals Program for high-achieving professionals. Commercial lending offerings encompass Commercial Real Estate Loans, Commercial and Industrial Loans, Equipment and Asset-Based Financing, SBA 7(a) Loans, SBA 504 Loans, Working Capital Loans, and Term Loans. The Treasury Management System provides comprehensive cash management including Remote Deposit Capture, ACH Origination, Merchant Services, SmartPay Express, Wire Transfers, Bill Payment, Purchasing Cards, and fraud protection tools (Check Positive Pay, ACH Positive Pay). All services are accessible through the IFB Mobile Banking App available on iOS and Android, along with online banking and branch locations in Miami and New York.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts

Quantifiable outcome

• Satisfactory CRA rating from FDIC
• +2 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature4 records

Partnerships

One partnership is on record.

• U.S. Small Business Administration (SBA)coreOthersIFB partners with the SBA to offer government-backed loan programs including SBA 7(a) loans (up to $5 million) and SBA 504 loans (up to $5.5 million). These programs support small business growth through favorable terms and government guarantees.

Scale indicators7 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Banesco USA: Florida-based community bank owned by a Venezuelan banking group, directly competing with IFB in the South Florida international and Hispanic banking market. Overlapping product set in personal, business, and international deposit and lending services.
• U.S. Century Bank: South Florida community bank with comparable deposit, SBA, CRE, and residential lending products. Targets similar SMB and professional segments and shares the Miami-Dade operational footprint with IFB.
• Amerant Bank: Florida-headquartered community bank with strong commercial and retail banking operations in South Florida. Comparable in target segments (SMBs, professionals, international/Hispanic clientele) and similar product mix in deposits, CRE lending, and treasury services.
• Ocean Bank: Miami-based community bank with deep roots in the South Florida Hispanic and international banking market. Direct competitor in personal, business, and international deposit services as well as CRE and SBA lending in the same footprint.
• Eastern National Bank: Small Florida community bank serving personal and business banking customers in the Miami-Dade market. Comparable in size, footprint, and community-bank operating model, with similar deposit and small-business lending products.
• Professional Bank: Florida community bank targeting professionals, entrepreneurs, and SMBs. Closely comparable customer profile (professionals and businesses in South Florida) and similar deposit-plus-lending product set, including SBA and CRE loans.
• Gibraltar Private Bank & Trust: Florida-based private/community bank focused on personalized relationship banking, residential mortgages, and commercial lending. Competes with IFB in the high-LTV professional mortgage segment and South Florida wealth market.
• City National Bank of Florida: Florida-focused community bank serving similar high-net-worth individuals, professionals, family offices, and middle-market businesses. Overlaps with IFB on premium mortgage products, CRE lending, and personalized relationship banking.

Broad incumbents

• BankUnited: Large Florida-headquartered commercial bank with full retail, business, CRE, and SBA lending operations across Florida and the Northeast. Direct overlap in commercial lending and deposits but at materially larger scale, serving as the dominant incumbent in IFB's core markets.
• TD Bank (Florida): Major U.S. retail and commercial bank with a deep Florida branch network. Competes with IFB on personal deposits, mortgages, and small-business banking, but at a far larger scale and broader product set.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/internationalfinancebank
• LinkedInlinkedin.com/company/international-finance-bank-ifb-
• Instagraminstagram.com/internationalfinancebank
• Xx.com/ifb_bank

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about International Finance Bank (IFB)