Tuesday, May 1, 2009

Independent Bankers Bank


IBB is a correspondent Bankers' Bank dedicated to serving southern-based community financial institutions. 

Using the collective demand and volumes of our member banks, we are able to achieve economies of scale that lowers the cost of services while returning financial expertise and market insights for our member-owners.  We develop and provide products and services to our client banks that may not be readily available or too costly for a community bank to implement individually.  As the needs of our customers evolve, so too, does the product offering of IBB.

The Independent Bankers’ Bank is a wholly owned subsidiary of Bankers’ Bancorporation of Florida, Inc.  We are a state chartered, FDIC insured Member of the Federal Reserve System committed to serving the interests of community based financial institutions, their officers and directors.



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weekly economic
commentary 09/07/10

The nation’s job-creating engine is still not firing on all cylinders, but at least it’s moving forward. In August, the private sector generated 67 thousand net new jobs, far less than what is needed to accommodate a growing labor force and reduce the unacceptably high unemployment rate, which edged up to 9.6 percent from 9.5 percent in July. But the increase was stronger than the pessimistic forecast held by the consensus of economists, and the initial estimates of job growth for the prior two months were revised significantly higher. Despite the latest gain, the private sector still could not absorb all of the government workers laid off last month, which totaled 121 thousand, including 114 thousand temporary Census workers. But the downsizing of Census jobholders is nearing an end as, only 71,725 remained on the government payroll as of August 19.