About iAB Financial Bank
iAB Financial Bank is a company based in Fort Wayne (United States) founded in 1946 was acquired by First Merchants Bank in February 2017.. iAB Financial Bank offers products and services including Checking Accounts, Savings Accounts, Loans, Online Banking, and Mortgages. iAB Financial Bank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Fort Wayne, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name First Merchants Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
First Merchants Bank
(Feb 17, 2017)
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Products & Services of iAB Financial Bank
iAB Financial Bank offers a comprehensive portfolio of products and services, including Checking Accounts, Savings Accounts, Loans, Online Banking, and Mortgages. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Accounts for daily transactions and deposits with overdraft options
Accounts to build savings with interest and easy access
Various loans for personal and business financial needs
Platform for managing accounts and payments remotely
Home loan options for buying or refinancing properties
Funding Insights of iAB Financial Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in iAB Financial Bank
iAB Financial Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include First Merchants Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Commercial banking services are provided to businesses and individuals.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by iAB Financial Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - iAB Financial Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Iab Financial Bank Comparisons
Competitors of iAB Financial Bank
iAB Financial Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, Investec, Equity Bank, Citi and KeyBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about iAB Financial Bank
When was iAB Financial Bank founded?
iAB Financial Bank was founded in 1946.
Where is iAB Financial Bank located?
iAB Financial Bank is headquartered in Fort Wayne, United States. It is registered at Fort Wayne, Indiana, United States.
What does iAB Financial Bank do?
iAB Financial Bank was established in 1946 as a commercial bank based in Fort Wayne, Indiana. Operations focus on providing standard banking services, including deposits, loans, and financial management for individuals and businesses. The institution serves the local and regional community within the United States, maintaining a presence through its domain iabfinancial.com. Core activities are centered on supporting economic stability in the financial sector.
Who are the top competitors of iAB Financial Bank?
What products or services does iAB Financial Bank offer?
iAB Financial Bank offers Checking Accounts, Savings Accounts, Loans, Online Banking, and Mortgages.
Who are iAB Financial Bank's investors?
iAB Financial Bank has 1 investor. Key investors include First Merchants Bank.