Chartered in 1988 as a bankers’ bank, Independent Correspondent Bankers’ Bank was organized to only do business with other banking institutions and is owned solely by its customer banks.
ICBB provides superior customer service and competitive pricing. We focus our efforts on what matters most to our community bank customers: quality correspondent bank services from a provider that will not compete with your bank.
What makes this concept a reality at ICBB? Simply put, as a user of our services, you may also be an owner of our bank. Our purpose is to help Community Banks cut costs, utilize their staff more efficiently, and find ways to help increase their earnings.
We are the only locally owned correspondent bank in the region, and we believe that doing business with us is good for community banks.
For more information on our products and services please contact one of our Correspondent Banking Account Executives.
It shall be the mission of Independent Correspondent Bankers’ Bank to maximize stakeholder value by providing the highest quality correspondent and other banking services in a continuing effort to protect, promote and support the community bank model.
President & CEO
Derek Hetherington was named the third President and CEO of the Independent Correspondent Bankers’ Bank in January of 2020. He joined the Bankers Bank in 2014 and during his tenure has been primarily responsible for overseeing the growth and credit risk management of the bank’s $275 million participation loan portfolio. With over 16 years of retail banking and commercial lending experience, Derek has worked in every area of the bank. His banking experience started on the teller line and throughout his career he spent time in retail center management, Asset Lending, Business Banking, Commercial Lending and Executive Management.
Derek is a native of Fairbury, Illinois and graduated from Prairie Central High School. After high school, he completed five plus years of military service as a Sergeant in the U.S. Army’s 160th Special Operations. At the end of his time in the service, he attended Western Kentucky University where he graduated magna cum laude with a degree in financial management. Derek completed a two year management training program with National City Bank and completed the Omega Credit Certification program. Derek is also a 2018 graduate of the Graduate School of Banking at the University of Wisconsin-Madison. His unique and varied experience has prepared him to be a valuable asset and strategic partner for our community bank clients.
Derek and his wife Sarah, live in Lexington, Kentucky with their two children, Jon Parker and Ella Rae and their two dogs Minnie and Blue. Derek enjoys playing golf, Kentucky Sports, trips to the beach and coaching his kids’ sporting events.
“Growing up in a small town, I witnessed how important our community bank was to my home town. I am particularly proud to be a part of ICBB, which enables me to support the community bank model throughout all of the communities we serve”