Independent Community Bankers' Bank

What Independent Community Bankers' Bank does

Independent Community Bankers' Bank (ICBB) is a privately held, FDIC-insured correspondent bank founded in 1988 and headquartered in Frankfort, Kentucky. Operating under the "bankers' bank" model, ICBB provides deposit, payments and settlement, commercial lending, investment, card, small business banking, and ancillary services exclusively to U.S. community banks. The firm is a wholly-owned subsidiary of Independent Community Bancorp, Inc., and operates Bankers Service Corporation (BSC) as a wholly-owned subsidiary delivering compliance audits, loan review, and BSA/AML audit services. ICBB also enables its community-bank customers to become shareholders of the holding company, converting customers into equity stakeholders.

ICBB's product portfolio follows a platform-plus-modules architecture. Core correspondent capabilities include Deposit Services, Payments & Settlement (via ICBB Settlement Services), Commercial Lending, Investment Services, Card Services, and Small Business Banking. These are extended by software modules: BBCONNECT for account management, ACH Client for payment processing, CashPlease for commercial lending workflows, ACH RiskLens for ACH risk management, and InstantPay Connect for instant payments. Underlying rails integrate with VISA for card services and Profitstars for ACH origination. Revenue is generated through a mix of service fees, transaction fees, and interest income; pricing is not publicly disclosed.

ICBB distributes through a direct, relationship-led sales motion targeted at community banks, supported by active participation in 7 state banking organizations and 2 national banking organizations. Named customers include The People's Bank, Auburn Banking Company, The Cecilian Bank, and Lauderdale County Bank. The leadership team is led by Derek Hetherington as President and CEO of ICBB, with Matt Evans serving as President & CEO of the BSC subsidiary.

Name

Independent Community Bankers' Bank

Legal name

Independent Community Bankers' Bank

Website

https://icbb.bank

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

Independent Community Bankers' Bank (ICBB) is a privately held, FDIC-insured correspondent bank founded in 1988 and headquartered in Frankfort, Kentucky, providing deposit, payments, lending, investment, card, and compliance/audit services to community banks across the United States.

Ownership category

akta.pro rank

Product category

Correspondent Banking Services

NAICS

Depository Credit Intermediation (5221), Credit Intermediation and Related Activities (522)

SIC

National Commercial Banks (6021)

akta.pro primary industry

ACH & Batch Payments Clearing (FSABAJAH)

akta.pro secondary industry

ACH Operator & Clearinghouse Services (FSAMAGAA)

Keywords

• Correspondent banking
• Community bank services
• Bankers bank
• Commercial lending
• Settlement services

Headquarters

HQ city

Frankfort

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Correspondent Banking Services: Provides deposit services, payments and settlement, commercial lending solutions, investment services, card services, and compliance/audit services to community banks. Revenue derived from service fees, transaction fees, and interest income on various banking products.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

ICBB is a correspondent bank (bankers' bank) that provides banking services exclusively to other community banks. Its offerings include deposit services, payments and settlement processing, commercial lending solutions, investment services, card services, small business banking tools, and audit and regulatory services delivered through its subsidiary Bankers Service Corporation (BSC). Supporting tools include BBCONNECT for account management, ACH Client, InstantPay Connect, CashPlease, and ACH RiskLens.

Product overview

Independent Community Bankers' Bank (ICBB) operates as a correspondent banking institution providing a comprehensive suite of services designed to support community banks. The offering consists of core banking service modules including Deposit Services, Payments and Settlement Services, Commercial Lending Solutions, Investment Services, Card Services, Small Business Banking Solutions, and Audit and Regulatory Services through Bankers Service Corporation (BSC). Supporting add-on tools include BBCONNECT for account management, CashPlease for commercial lending, ACH RiskLens for risk management, and InstantPay Connect for payments. The architecture follows a platform-plus-modules model where community banks can access multiple integrated services through a single correspondent banking partner.

Differentiator

Problem solved

Functional benefit

Brands

• ICBI: Independent Community Bancorp, Inc. - the holding company for ICBB
• Bankers Service Corporation (BSC)

Products and services

• Deposit Services Comprehensive correspondent deposit services for community banks, including Demand Deposit Account Service, Federal Funds Programs, Bankers Choice Certificates of Deposit, Overdraft Management, BBCONNECT, and De Novo Banking Services.
• Payments and Settlement Services Payment processing and settlement services for community bank clients, including ICBB Settlement Services, International Services, CheckDirect, ACH Client, and InstantPay Connect.
• Commercial Lending Solutions Commercial lending products tailored for community banks, including Bank Participation Loans Services, Holding Company Loans for Banks, Bank Organization Loans, Bank Officer and Bank Director Loans, Federal Funds Line of Credit, Agricultural Mortgage Financing Options, and CashPlease.
• Investment Services Investment management offerings for community banks, including Asset Liability Management Services, Trading, Bond Accounting and Bank Safekeeping Services.
• Card Services Card-based banking solutions offered through correspondent relationships, including Credit Card Solutions and VISA Prepaid & Re-Loadable Cards.
• Small Business Banking Solutions Banking services enabling community banks to support small business customers, including ACH Origination powered by Profitstars, Merchant Services, and Wire Transfers.
• Audit and Regulatory Services (Bankers Service Corporation)

Quantifiable outcome

• Reduces existing processing and settlement costs for partner banks

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

One partnership is on record.

• Independent Community Bancorp, Inc.parentOthersIndependent Community Bancorp, Inc. is the holding company that owns 100% of Independent Correspondent Bankers Bank. Banks can become shareholders of this holding company to participate in ICBB's continuing success.

Recent moves7 records

Expansion highlights6 records

Direct peers

• First National Bankers Bank:

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xfacebook.com/icbankersbank
• LinkedInlinkedin.com/company/icbankersbank
• Facebookfacebook.com/icbankersbank

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

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 Independent Community Bankers' Bank