Bank
Peoples Independent Bank
Peoples Independent Bank is a community-focused institution operating primarily in rural Alabama, with its headquarters in Boaz. As an FDIC-insured bank, it specializes in personal and business deposit accounts alongside standard lending products like mortgages, auto loans, and commercial real estate financing to support local economic growth.
Key Statistics
As of December 2025, public records show Peoples Independent Bank has originated approximately $1.5B in loan volume over the past 12 months, with an average loan size of $5.4M.
Volume (12mo)
$1.5B
Avg Loan Size
$5.4M
Total Mortgages
298
Total Borrowers
32
Lending Entities
Peoples Independent Bank funds loans through the following entities. These are the legal entities that appear on recorded mortgage documents.
297 mortgages recorded
+1 more not shown
Geography
Peoples Independent Bank's lending activity is concentrated in the following states, based on recorded mortgage data from the past 12 months.
Mortgages (12mo): 100
Volume (12mo): $1.5B
Total Volume: $1.6B
Mortgages (12mo): 1
Volume (12mo): $880k
Total Volume: $12.0M
Mortgages (12mo): 0
Volume (12mo): $0
Total Volume: $878k
Top Borrowers
The following individuals have the most recorded mortgage transactions with Peoples Independent Bank. Click on a borrower to view their full investor profile.
+29 more not shown
FAQ
What type of lender is Peoples Independent Bank?
Peoples Independent Bank is classified as an bank based on our research. Banks are FDIC-insured depository institutions offering a range of mortgage products. They have a mix of business (40%) and personal loans in their portfolio.
What entities does Peoples Independent Bank fund loans under?
Peoples Independent Bank originates mortgages through 2 different lending entities. The most common include Peoples Indepdent Bank. These are the legal entity names that appear on recorded mortgage documents.
Where is Peoples Independent Bank most active?
Based on recorded mortgages, Peoples Independent Bank is most active in Alabama, Tennessee, and Florida.
How many loans has Peoples Independent Bank originated?
Public records show 298 mortgages recorded for Peoples Independent Bank, with $1.5B in volume over the past 12 months.
What is the average loan size for Peoples Independent Bank?
The average mortgage size for Peoples Independent Bank is $5.4M based on all recorded mortgages.
Does Peoples Independent Bank offer short-term loans?
Peoples Independent Bank primarily offers long-term financing, with only 2% of loans being short-term.
How is this data collected?
Elementix aggregates mortgage data from public county records across the United States. We use AI to normalize lender names, identify aliases, and connect borrowers to their lending relationships.