POWER OF ATTORNEY

Know by all these present, that the undersigned, Robert B. Willumstad,
having a business address of 500 East Washington St, Greenville,
South Carolina 29601 and a business telephone number of
864 672 1776, hereby constitutes and appoints Neil E. Grayson, Esq.
Benjamin A. Barnhill, Esq. and Kelly R Snipes, Paralegal of
Nelson Mullins Riley and Scarborough LLP (NMRS) as
the undersigneds true and lawful attorney in fact for the following
limited purposes.

1. To file for and on behalf of the undersigned, in the undersigneds
capacity as a Director of Independence Bancshares Inc. (the Company")
the SECs Form ID to obtain Edgar filing codes in addition to Forms 3,
4 and 5 in accordance with Section 16a of the Securities
Exchange Act of 1934 and the rules thereunder.

2. To do and perform any and all acts for and on behalf of the undersigned
that may be necessary or desirable to complete and execute any such
Form ID, Form 3, 4 or 5 and timely file such form with the
United States Securities and Exchange Commission and any stock exchange
or similar authority.

3. To take any other action of any type whatsoever in connection with the
foregoing which in the opinion of such attorney in fact, may be of benefit
to, in the best interest of, or legally required by the undersigned, it being
understood that the documents executed by such attorney in fact on behalf
of the undersigned pursuant to this Power of Attorney shall be in such form
and shall contain such terms and conditions as such attorney in fact may
approve in such attorney in facts discretion.

The undersigned hereby grants to such attorney in fact full power and a
uthority to do and perform any and every act and thing whatsoever requisite
necessary or proper to be done in the exercise of any of the rights and
powers herein granted as fully to all intents and purposes as the
undersigned might or could do if personally present with full power of
substitution or revocation hereby ratifying and confirming all that such
attorney in fact or such attorney in facts substitute or substitutes shall
lawfully do or cause to be done by virtue of this power of attorney and the
rights and powers herein granted.  The undersigned acknowledges that the
foregoing attorney in fact in serving in such capacity at the request of
the undersigned is not assuming nor is NMRS or the Company assuming any
of the undersigneds responsibilities to comply with Section 16 of the
Securities Exchange Act of 1934.

This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4 and 5 with
respect to the undersigneds holdings of and transactions in securities
issued by the Company unless earlier revoked by the undersigned in a signed
writing delivered to the foregoing attorney in fact.

IN WITNESS WHEREOF the undersigned has caused this Power of Attorney
to be executed as of this 16th day of May, 2013.

/s/ Robert B. Willumstad
Robert B. Willumstad
Director
Independence Bancshares Inc.