Bank Independent’s Huntsville presence continues to grow alongside south HSV revitalization

Bank Independent, a growing financial institution in North Alabama, celebrated the ribbon cutting of its new south Huntsville sales office on Tuesday, June 11. 

The event, which included an open house, was attended by Bank Independent executives, team members, and community leaders from Huntsville and Madison County.

In an opening address to an excited late afternoon crowd, Huntsville City President for the bank, Demarco McClain, explained how the decision to expand into the South Huntsville region was an easy one to make. 

McClain focused on the recent growth of industry and the economy in Madison County as a central focus for Bank Independent’s recent series of expansions throughout the county. 

“The recent growth of Redstone Arsenal as well as some of the automotive manufacturing growth made expanding a really attractive opportunity,” Murray stated. “When we initially came into Madison County, I think the goal was just to prove to folks that we could be a community oriented, customer service oriented bank and I’m proud to say as well celebrate 10 years later, we now have six locations in Madison County and 60 employees.”

Location was also important for recent developments in the area, namely the Hays Farm and the Market at Hays Farm developments. Bank Independent Executive Vice President and other executives commented on the importance of staying close to the burgeoning developments sweeping across south HSV.  

“Right behind us is the Hayes Farm development and if you compare this development 10 years ago to what it is today, you see exactly what I’m talking about with 1000 newly built apartments that they have back there the 500 single family properties. It’s just a great example of the development that’s going on in South Huntsville and why we chose South Huntsville for this location,” said one Bank Independent representative. 

Coincidentally, the opening of the south Huntsville sales office coincides with Bank Independent’s 10th anniversary of its first Madison County location. 

In the decade since then, the bank has experienced significant growth in the county, opening seven new sales offices and fourth new offices in the past calendar year, including the Downtown Huntsville office in early 2023 and the Hampton Cove office in the summer of 2023. 

Bank Independent President Macke Mauldin was the last executive to speak before the official ribbon cutting, echoing the same sentiment as those before him. 

“The most important thing that we do is build our culture,” he informed. “We serve our communities, because we were founded to serve the community. 77 years later, we’ve gone from $1 million dollars to $2.7 billion. And now, we have 33 branches throughout North Alabama and we’re awfully proud to be here in Huntsville. We look forward to prosperity for the whole community,“ remarked Wardlaw. 

Bank Independent’s newest location can be found at 9040 Memorial Parkway SW off of Haysland Road SW. For more information, please visit www.bibank.com.