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Independence Bancshares Wins 2014 Temenos Product Innovation Award

June 11, 2014

Award Recognizes Independence Bancshares’ Real-time Technology Innovations

GREENVILLE, S.C.--(BUSINESS WIRE)-- Independence Bancshares, Inc. (OTC:IEBS) announced that it has been given the 2014 customer award for Product Innovation by Temenos (SIX:TEMN). The award celebrates Independence Bancshares’ efforts in developing real-time processing capabilities and risk management platforms.

Independence Bancshares’ platforms are being developed to incorporate state-of-the-art BSA compliance, risk management and straight-through processing capabilities. The platforms are being engineered to securely integrate with other data sources in private cloud, on-premises and other enterprise grade environments.

Gordon A. Baird, the Company's Chief Executive Officer, said: “We are proud to be recognized by Temenos for our success in banking innovation. We believe that by transitioning to the more efficient digital and mobile channels we can bring better, safer products to more people at lower costs.”

Winners according to Temenos in other categories included Microsoft, Banque Cantonale Vaudoise in Switzerland, Banque Raiffeisen in Luxembourg, Bank Syariah Mandiri in Indonesia, Bank of Shanghai, National Data Consultant, P.T. Anabatic Technologies and EFS Technology. The runners up in the innovation category included Commercial Bank of Africa (CBA) for their M-Pesa and M-Shwari services.

About Independence Bancshares, Inc.

Independence Bancshares, Inc. is a bank holding company headquartered in Greenville, South Carolina. It owns and controls all of the capital stock of Independence National Bank. Independence National Bank is headquartered in Greenville, South Carolina. Since opening for business in 2005, it has been providing a complete banking line of business including retail banking, consumer finance, business banking and commercial credit. Its goal is to continue to deliver services that provide exceptional value to the community it serves. Website:

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Source: Business Wire

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