The Independent BankersBank

TIB is owned by the community banks it serves, operating under a mutualized banker's-bank charter. This structure makes its client institutions shareholders in the very correspondent providing their lending and payments infrastructure. The board of directors is drawn from the CEOs and senior officers of those owner banks.

A banker's bank charter prohibits TIB from taking retail deposits, making consumer loans, or competing with the community banks that own it. It exists exclusively to provide correspondent services — loan participations, Fed funds lines, SBA lending, international wires — that individual small banks cannot efficiently run on their own.

TIB's network is concentrated in Texas, the Midwest, and the Southeast, with a growing population of respondent banks in the Mountain West and Pacific states. The institution's payments division provides a national settlement window for community banks across the Federal Reserve system.

The board seats are held by CEOs and senior executives of the community banks that own stock in TIB. Mark W. Olson, a former Federal Reserve Board governor, serves as Chairman, providing a direct line of central-bank and regulatory experience to the institution's governance.