Question 1

What is I3 Bank?

Accepted Answer

I3 Bank is a community bank headquartered in Bennington, Nebraska, serving Douglas, Saunders, and Lancaster counties. With approximately $215 million in total assets and 5 branch locations across the Omaha-Council Bluffs metropolitan area, I3 Bank specializes in consumer, commercial, agricultural, and mortgage lending, along with a full range of deposit products.

The bank positions itself as a modern community bank that combines nearly a century of banking experience with contemporary technology and personalized service. I3 Bank is a member of the FDIC and operates under Federal Reserve Board supervision.

Question 2

When was I3 Bank founded?

Accepted Answer

I3 Bank was originally established on January 28, 1928, under the name Bank of Bennington. For over 90 years, the institution operated under its original name, serving the Bennington community and surrounding areas.

On June 21, 2021, the bank underwent a strategic rebrand and changed its name to I3 Bank. This name change reflected the bank's evolution from a traditional community bank into a technology-enabled financial institution while maintaining its commitment to local community banking values.

Question 3

Where is I3 Bank headquartered?

Accepted Answer

I3 Bank is headquartered in Bennington, Nebraska, located in Douglas County. The main office is situated at 12212 N 156th Street, Bennington, NE 68007.

Bennington is part of the Omaha-Council Bluffs metropolitan statistical area, positioning the bank within one of Nebraska's most economically vibrant regions.

Question 4

Where does I3 Bank operate?

Accepted Answer

I3 Bank operates primarily in eastern Nebraska, with 5 domestic branch locations serving Douglas, Saunders, and Lancaster counties. The bank maintains a presence in several key cities including Bennington, Omaha, Ashland, and Lincoln.

This geographic footprint allows I3 Bank to serve both the metro Omaha area and important agricultural communities throughout the region. While the bank's physical presence is concentrated in these three counties, its digital banking platform extends convenient access to customers throughout its service areas.

Question 5

What services does I3 Bank offer?

Accepted Answer

I3 Bank provides a comprehensive suite of banking products and services tailored to individuals, businesses, and agricultural operations:

Consumer Banking: Checking accounts, savings accounts, certificates of deposit (CDs), personal loans, and residential mortgage lending with personalized options for home purchases, new construction, and refinancing.

Commercial Banking: Business checking and savings accounts, term loans, lines of credit for cash flow management, commercial real estate financing, and merchant services including payment processing solutions integrated with point-of-sale and e-commerce platforms.

Agricultural Lending: Specialized products including operating lines of credit, machinery and equipment financing, agricultural real estate loans, and FSA-guaranteed loans designed to support farming operations.

SBA Lending: Small Business Administration loans offering favorable terms and lower down payments, with assistance navigating the application process.

Digital Services: The bank offers robust online banking with bill pay capabilities, mobile banking apps for both iOS and Android devices, mobile check deposit, fund transfers between accounts (including external accounts through TransferNow), customizable account alerts, and eStatements. The digital platform provides 24/7 account access with features including balance inquiries, transaction history, and secure document upload capabilities.

Question 6

What makes I3 Bank unique?

Accepted Answer

The bank's name reflects its core values and distinguishing characteristics. I3 stands for three principles: Impact (the difference made in customers' lives and communities), Innovation (leveraging decades of experience to create customized financial solutions), and Integrity (providing honesty, transparency, and reliability).

I3 Bank differentiates itself through flexible credit requirements that accommodate businesses with less-than-perfect credit scores, opening opportunities for entrepreneurs who might not qualify at larger institutions. The bank's streamlined application process leverages technology for quicker approvals and faster funding times, particularly beneficial for time-sensitive business needs.

With a community banking model emphasizing personalized service and local market expertise, I3 Bank maintains strong financial stability with a Tier 1 Risk-Based Capital Ratio well above regulatory requirements. The institution combines small-town accessibility with modern banking technology, creating a customer-centric experience that balances traditional relationship banking with digital convenience.

Question 7

What type of financial institution is I3 Bank?

Accepted Answer

I3 Bank is a State Member Bank operating under the supervision of the Federal Reserve Board. As a community bank, it focuses on relationship-based banking within its local market areas.

Community banks like I3 Bank are characterized by their local decision-making, personalized customer service, and deep involvement in the communities they serve. Unlike large national banks, community banks typically maintain closer relationships with customers, offer more flexible lending criteria, and make credit decisions locally based on knowledge of the regional economy. I3 Bank exemplifies this model by combining community banking principles with modern technology to serve individuals, small businesses, and agricultural operations across its Nebraska service areas.

I3 Bank

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About I3 Bank in the United States