US Bank Directory
Banks in Cherokee, AL
2 FDIC-insured banks operate 2 offices in Cherokee, Alabama, and 1 credit union has 1 office.
Source: FDIC BankFind, data as of September 5, 2026; NCUA call report as of March 31, 2026.
Bank branch map: Cherokee
Banks sit at the coordinates in their FDIC record; credit union offices at their NCUA address, located with the U.S. Census Bureau Geocoder. Point at a marker for today's hours, tap it for the address, directions and the bank's site.
Short answer: 3 banks and credit unions operate 3 locations in Cherokee, according to the FDIC and the NCUA. 3 of them have coordinates on record and are on the map. 1 publish opening hours.
Branches: FDIC, NCUA. Streets: loading.
3 locations on the map
Tap a cluster to zoom in
Positions are the regulators' own coordinates, or the Census Geocoder's point for the address, and can sit a few hundred feet from the door. Streets, buildings and parks come from OpenStreetMap through OpenFreeMap, with every street named as you zoom in; if that map cannot load, a simpler map drawn from the Census Bureau's TIGER/Line files takes its place. ATMs will follow with the Overture Maps import.
All banks and credit unions in Cherokee
Sorted by number of local branches. Each branch shows where its hours and phone number come from.
Short answer: CB&S Bank and Bank Independent have the most locations in Cherokee, with 1 each. 2 banks have a single office in the city. Open any bank to see each address, today's hours where the bank publishes them and the phone number.
Bank Independent Bank · 1
Bank Independent has 1 branch in Cherokee, 34 across Alabama and 34 nationwide. FDIC records list its main office in Sheffield, AL and show it operating since 1947. With $2.86 billion in total assets on June 30, 2026, it ranks No. 449 of 4,232 U.S. banks by total assets. The Cherokee Branch at 8260 Highway 72 dates to 1983 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.
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Cherokee Branch8260 Highway 72, 35616
CB&S Bank Bank · 1
CB&S Bank has 1 branch in Cherokee, 28 across Alabama and 58 nationwide. FDIC records list its main office in Russellville, AL and show it operating since 1906. With $3.07 billion in total assets on June 30, 2026, it ranks No. 417 of 4,232 U.S. banks by total assets. The Cherokee Branch at 1045 1st St dates to 1961 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.
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Cherokee Branch1045 1st St, 35616
Valley Credit Union Credit union · 1
Valley Credit Union has 1 office in Cherokee, 7 across Alabama. It is based in Tuscumbia, AL and $111.3 million in assets on March 31, 2026, according to its NCUA call report. Its published hours do not list Saturday.
Who can join: see the credit union's site.
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Valley Credit Union180 Main St, 35616
All hours
Mon to Thu 8:30 am to 4:30 pm; Fri 8:30 am to 5 pm; Sat to Sun not published
Hours: NCUA, March 31, 2026
Join a credit union in Cherokee
1 credit union has 1 office here: Valley Credit Union. Each office is listed above with the phone and the hours it filed with the NCUA (call report as of March 31, 2026). Who can join each one is on its own site; the credit unions in Cherokee page has every office in the state's directory.
Banking in Cherokee: the local picture
Short answer: 2 banks run 2 branches in Cherokee according to the FDIC. A population estimate for this place is not available from the Census Bureau, so branches per resident are not shown.
Of the 2 banks, 0 have their main office in Cherokee, 2 elsewhere in Alabama, according to the FDIC.
The bank with the longest record here is CB&S Bank, operating since 1906 according to the FDIC. In FDIC branch records, the longest-running branch is CB&S Bank's office at 1045 1st St, dating to 1961; the newest is Bank Independent's at 8260 Highway 72, from 1983.
The only credit union with an office here is Valley Credit Union.
Of the 1 location with published hours. None open on Saturday. 2 locations have no published hours in these sources.
Saturday hours in Cherokee
Short answer: None of the 1 Cherokee location with published hours lists Saturday hours. 2 locations do not publish hours in these sources; call ahead.
Credit union hours are the text each credit union filed with the NCUA, call report as of March 31, 2026; a day the filing does not mention is shown as not published, never as closed. Bank branches show hours only where the bank publishes them in a source this page uses; 2 of the 3 locations here have no published hours yet. The source and date sit under each office. Banks and credit unions often close on Federal Reserve holidays; call ahead.
Chase, Bank of America and other national banks
Which big national banks have branches in Cherokee, and where the nearest one is if they do not.
Short answer: No branches in Cherokee: Chase (nearest in Florence, 20 mi), Wells Fargo (nearest in Florence, 20 mi), Bank of America, PNC Bank (nearest in Florence, 17 mi), U.S. Bank, Truist (nearest in Florence, 20 mi), Fifth Third Bank (nearest in Madison, 69 mi), Huntington (nearest in Hartselle, 63 mi), Regions Bank (nearest in Florence, 17 mi), TD Bank, BMO.
| Bank | In Cherokee | Nearest branch if none here |
|---|---|---|
| Chase | None | Florence, 20 miles away |
| Wells Fargo | None | Florence, 20 miles away |
| Bank of America | None | none in Alabama |
| PNC Bank | None | Florence, 17 miles away |
| U.S. Bank | None | none in Alabama |
| Truist | None | Florence, 20 miles away |
| Fifth Third Bank | None | Madison, 69 miles away |
| Huntington | None | Hartselle, 63 miles away |
| Regions Bank | None | Florence, 17 miles away |
| TD Bank | None | none in Alabama |
| BMO | None | none in Alabama |
Branch counts from FDIC BankFind as of September 5, 2026. Distances are straight-line miles from the center of Cherokee to the nearest branch in Alabama.
What your savings could earn
National benchmarks and the best published offers, from the Banrox Bank Rates tracker. Enter your own balance and rate to compare.
Short answer: At the national average savings rate of 0.38%, $10,000 kept in savings for a year earns about $38. The best published savings rate in the tracker, 3.75% at CIT Bank, earns about $375. The national average 12-month CD pays 1.71%.
| Offer | Bank | APY | Term | Minimum |
|---|---|---|---|---|
| Savings | CIT Bank | 3.75% | none | $5,000 |
| Savings | Barclays | 3.50% | none | $0 |
| Savings | Marcus by Goldman Sachs | 3.40% | none | $0 |
| CD | Synchrony Bank | 4.35% | 60 Months | $0 |
| CD | Marcus by Goldman Sachs | 4.35% | 24 Months | $500 |
| CD | American Express National Bank | 4.25% | 10 Months | $0 |
Rates are the banks' published APYs as tracked on the Banrox Bank Rates page, with the date next to each benchmark; they are not offers from Banrox and can change daily. Interest is before tax. The best offers are mostly online banks and are open to Cherokee residents like anyone else.
Banks near Cherokee
Nearby cities with at least two banks, by straight-line distance. Counts from FDIC BankFind.
Short answer: The closest towns with more choice are Tuscumbia (15 miles) and Muscle Shoals (18 miles). Florence, 18 miles away, has the most banks nearby: 15.
| City | Distance | Banks | Branches |
|---|---|---|---|
| Banks in Tuscumbia, AL | 15 mi | 2 | 3 |
| Banks in Muscle Shoals, AL | 18 mi | 6 | 8 |
| Banks in Florence, AL | 18 mi | 15 | 28 |
| Banks in Russellville, AL | 22 mi | 5 | 10 |
| Banks in Red Bay, AL | 24 mi | 4 | 5 |
| Banks in Killen, AL | 26 mi | 3 | 3 |
| Banks in Lexington, AL | 37 mi | 2 | 2 |
| Banks in Rogersville, AL | 39 mi | 3 | 3 |
Bank branch openings and closings in Cherokee
FDIC branch records, between September 5, 2025 and September 5, 2026.
Short answer: FDIC branch records show no bank branch openings in Cherokee between September 5, 2025 and September 5, 2026. Closings and relocations are not tracked by the sources this page uses yet.
Largest banks in Cherokee by total assets
Ranked by each bank's total assets on its FDIC balance sheet, which covers the whole bank, not only its Cherokee offices.
Short answer: CB&S Bank is the largest bank with offices in Cherokee, with $3.07 billion in total assets on June 30, 2026, No. 417 among U.S. banks by total assets. Bank Independent is second with $2.86 billion. Local deposit shares will follow once the FDIC Summary of Deposits is imported.
| Bank | Total assets | Rank | Offices here | Main office |
|---|---|---|---|---|
| CB&S Bank | $3.07 billion | No. 417 | 1 | Russellville, AL |
| Bank Independent | $2.86 billion | No. 449 | 1 | Sheffield, AL |
Total assets and ranks from FDIC BankFind as of June 30, 2026. Rank is among active banks that report total assets to the FDIC.
Banks in Cherokee: FAQ
How many banks are in Cherokee, AL?
Cherokee has 2 banks with 2 branches and 1 credit union with 1 office, according to FDIC data as of September 5, 2026 and NCUA data as of March 31, 2026.
Which bank has the most branches in Cherokee?
CB&S Bank, with 1. Bank Independent has 1.
Is there a CB&S Bank in Cherokee, AL?
Yes. FDIC data lists 1 CB&S Bank branch in Cherokee as of September 5, 2026. The address and directions are under CB&S Bank above.
Is there a Bank Independent in Cherokee, AL?
Yes. FDIC data lists 1 Bank Independent branch in Cherokee as of September 5, 2026. The address and directions are under Bank Independent above.
Is there a Chase in Cherokee, AL?
No. FDIC data lists no Chase branch in Cherokee as of September 5, 2026. The nearest is in Florence, about 20 miles away in a straight line.
Which banks in Cherokee are open on Saturday?
None of the 1 location with published hours lists Saturday hours. 2 locations do not publish hours in our sources; call ahead.
What is the oldest bank in Cherokee?
CB&S Bank has the longest record among banks with a branch here: the FDIC shows it operating since 1906.
Which credit unions can I join in Cherokee?
Valley Credit Union has an office in Cherokee. Check each credit union's membership rules before you apply.
Did any bank branches open or close in Cherokee in the past year?
FDIC branch records show no branch openings between September 5, 2025 and September 5, 2026. Closings and relocations are not tracked by the sources this page uses yet.
Where can I find more banks near Cherokee?
Nearby cities with more banks include Tuscumbia, Muscle Shoals, Florence. Tuscumbia is 15 miles away with 2 banks.
How we build this page
Every figure above comes from one of these sources. Nothing is typed by hand, nothing is estimated.
| Data | Source | License | Updated | Data as of |
|---|---|---|---|---|
| FDIC-insured banks: branches, main offices, total assets, dates established | FDIC BankFind Suite API | Public data (U.S. government) | Monthly import | Sep 5, 2026 |
| Credit union offices, phones and hours as filed with the NCUA, total assets | NCUA call report data | Public data (U.S. government) | Quarterly import | Mar 31, 2026 |
| Map coordinates of 1 credit union offices whose NCUA record has none, from the office address | U.S. Census Bureau Geocoder | Public data (U.S. government) | With each NCUA import | Oct 19, 2026 |
| Savings and CD rates, national averages | Banrox Bank Rates | Banrox, from the banks' own rate pages and FDIC national rates | Weekly | see each rate |
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