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Centennial Bank (formerly The Bank of Jackson) is an FDIC-insured regional bank offering personal and business checking, savings, loans, and credit cards with rewards programs.
Data compiled from public sources
Centennial Bank operates as a family-owned regional bank with roots dating back to 1916. The Bank of Jackson customers transitioned to Centennial Bank on March 23, marking a significant organizational change. The bank maintains FDIC insurance backing, providing deposit protection up to applicable limits.
Centennial Bank positions itself as an innovative community-focused financial institution serving both personal and business customers. The bank offers a comprehensive suite of personal banking products including multiple checking account tiers (Rewards Star, Gold Star Interest Checking, Rising Star Student Checking, 5 Star Protection Checking), savings accounts, money market accounts, CDs, and IRAs. Personal loan products include auto loans, debt consolidation loans, personal term loans, home mortgages, home equity loans, and construction loans.
Credit card options are available for both personal and business use. Business customers can access business checking, business savings, business loans, merchant services, and cash management tools. 00% APY on balances up to $10,000 (with lower rates for those not meeting qualifications).
The bank offers Zelle payment capability, mobile banking with mobile deposit, ATM fee refunds, and an overdraft privilege program. They've partnered with Travelers Insurance for auto and home insurance offerings and maintain a pre-owned vehicle inventory for customer purchase. As a regional bank following a merger transition, Centennial Bank serves customers seeking traditional banking services with digital conveniences and rewards incentives.
00% APY rates are competitive for checking accounts, though qualification requirements apply. The bank's primary limitations include regional availability (implied by community focus) and the recent transition from The Bank of Jackson, which may create ongoing operational adjustments.
This is state-level context for Banks consumers in Jackson, TN. It does not confirm that The Bank of Jackson or this specific location is licensed.
State regulator
Tennessee Department of Financial Institutions
Consumer protection
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
The Bank of Jackson processed 20 mortgage applications in 2023, with 75% recorded as approved across 1 states.
20
Applications
75%
Approval Rate
$154K
Avg Loan
1
States Served
Based on 20 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
The Bank of Jackson offers 12 services including Personal Checking (multiple tiers including Rewards Star, Gold Star Interest, Rising Star Student, 5 Star Protection), Personal Savings (Rewards Savings, standard Savings, Money Market, Club Savings, CDs, IRAs), Personal Loans (auto, debt consolidation, personal term, home mortgages, construction, home equity), Personal Credit Cards with cash back and rewards options, Business Checking (Merchant Star Business, Merchant Gold Star variants), and 7 more.
The Bank of Jackson has profile signals associated with Regional customers seeking high-yield checking accounts with rewards features and balances under $10,000, Small business owners needing comprehensive business banking, merchant services, and SBA loan access, Customers prioritizing community-focused, family-owned banking with FDIC insurance protection, Individuals interested in bundled insurance products alongside banking services.
Key strengths: FDIC-insured deposits with full faith and credit backing of U.S. Government; 5.00% APY on Rewards Star Checking up to $10,000 balance — highly competitive rate; Multiple rewards account tiers (Rewards Star, Rewards Savings, Rewards Star Cash Back) catering to different customer needs. Areas to consider: Recent merger transition (March 23) from The Bank of Jackson to Centennial Bank may cause service disruptions or system integration issues; 5.00% APY rate only applies to balances up to $10,000; balances exceeding this threshold earn only 0.01% APY — significant rate drop for larger deposits.
In the Banks category, comparable providers include Bank of Lincoln County, Financial Federal Bank, Independent Bank. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Centennial Bank is profile signals for regional customers seeking FDIC-insured banking with competitive rewards checking rates and comprehensive loan/credit products. Primary caveat: the 5.00% APY rate is only available on balances up to $10,000, and the recent merger from The Bank of Jackson may affect service continuity during transition period.
Unable to access website to verify current services. Bank of Lincoln County operates as a community banking institution, but their online presence is currently inaccessible.
Profile signals: Local banking with personal service, Review this provider profile and compare source-linked details before choosing what to do next.
Community bank in Memphis, TN offering personal and business banking with competitive money market and CD rates, plus mortgage and construction lending services.
Google rating from 5 reviews
Profile signals: Small business owners and entrepreneurs seeking personalized lending and growth capital with relationship-based banking, High-net-worth individuals interested in private banking with dedicated banker attention and customized solutions
Independent Bank is a community bank based in Memphis, TN offering checking, savings, CDs, auto loans, HELOCs, and personal lines of credit through multiple branch locations.
Google rating from 94 reviews
Profile signals: Memphis-area residents and small business owners seeking community-focused banking with local decision-making, Customers who prefer relationship-based banking and personalized service over digital-only platforms
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