The Industry State Bank serves individuals and businesses in Austin, Colorado, Fayette, and Washington counties. The bank was founded in 1911. Industry State Bank has been FDIC insured since January 1, 1934. The banks main office is located in Industry, Texas and a branch office serves New Ulm, Texas. Industry State Bank is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). As of September 2008 the bank had total assets of $234,444,000. At that time the bank had noncurrent loans as a percent of total loans and leases of only 0.10%. During the first nine months of 2008 the bank had net income of $2,328,000.
Industry State Bank is owned by Industry Bancshares, Inc. Industry Bancshares, Inc. is a holding company formed by local shareholders in the Industry, Texas community. The holding company was formed in 1993 and owns the Industry State Bank as well as the Citizens State Bank in Buffalo, Texas and Fayetteville Bank in Fayetteville, Texas.
The bank offers a number of products to make banking easier and more convenient. The Industry State Bank has banking by phone, ATM’s at each location, convenient hours, internet banking and VISA® check cards. The bank places an emphasis on local relationship banking and a conservative approach to lending. It provides a range of commercial and consumer banking services, including demand, savings and time deposits; commercial, real estate and consumer loans; merchant credit card services; letters of credit; and cash and asset management services
The banks certificates of deposit have a minimum amount to open of $500.00. The bank has jumbo certificate of deposit available. Certificates of deposit have varying terms from 1 month to 5 years. The CDs accrue simple interest on certificates less than 12 months in term. There is an early withdrawal interest penalty of 3 months on certificates 12 months or less. Early withdrawal interest penalty of 6 months on certificates greater than 12 months. Compounded daily interest on certificates 12 months and over. CDs will automatically renew with 10 days grace period. CDs are designed for individual or business.
Industry State Bank is currently offering the following CD rates and terms:
1 month certificate of deposit rate is 1.10% APY
3 month certificate of deposit has an interest rate of 1.91% APY
6 month certificate of deposit earns an interest rate of 2.52% APY
1 year certificate of deposit rate is 2.84% APY
18 month certificate of deposit has an interest rate of 2.89% APY
2 year certificate of deposit yields a rate of 2.94% APY
3 year certificate of deposit rate is 3.15% APY
4 year certificate of deposit earns an interest rate of 3.25% APY
5 year certificate of deposit rate is 3.30% APY
Bank CD rates are subject to change without notice. Additional conditions may apply to open these CD accounts. Up to date bank rates, CD rates and account information can be obtained by calling a bank representative at 979-357-4437. Additional bank information and bank CD rates are posted on the bank website which is located at www.isbtx.com.
Tags: 1 year CD rates, 18 month CD rates, 2 year CD rates, 3 month CD rates, 5 year CD rates, 6 month CD rates, Banks, CD rates, CD rates Texas, Industry State Bank, savings, Texas bank
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