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Community Bank

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About

Community Bank is a financial institution that has been serving customers in for over a century. The bank was originally founded in 1905 as Farmers and Merchants Bank in Forest, Mississippi. Since then, it has grown and expanded to become one of the most trusted community banks in the region. The bank operates in Mississippi, Alabama, Florida, and Tennessee.

Community Bank's growth from a single office with just 13 staff members and $6 million in assets to its current state with 54 offices, over 875 staff members, and assets worth $4.7 billion is a testament to the significant role played by its workforce.

Over the years, the bank has remained committed to its roots as a locally owned and operated financial institution. The bank's focus on community involvement, personalized service, and local decision-making has helped it to build strong relationships with its customers and to earn their trust and loyalty.

Today, Community Bank offers a wide range of financial products and services, including personal and business banking, wealth management, insurance, and online banking. The bank also has a strong commitment to giving back to the communities it serves and supports a wide range of local organizations and causes.

One of the key advantages of banking with Community Bank is the personalized service that customers receive. The bank's friendly, knowledgeable staff are always ready to help customers with their financial needs, whether it's opening a new account, applying for a loan, or getting help with online banking.

Community Bank is also known for its local decision-making. This means that decisions about loans, credit, and other financial products are made by people who live and work in the communities that the bank serves. This helps to ensure that customers receive a more personalized, tailored approach to banking.

Overall, Community Bank's commitment to its customers and communities has helped it become one of the region's most trusted and respected community banks. Whether you're a local business owner or a homeowner, Community Bank is a financial institution you can trust to help you achieve your financial goals.

Key features

Some of the key features that set Community Bank apart from other banks include:

  1. Personalized Service. The bank's friendly, knowledgeable staff is always ready to help customers with their financial needs, whether it's opening a new account, applying for a loan, or getting help with online banking. The bank takes a personal approach to banking, which helps to build strong relationships with its customers.
  2. Local Decision-Making. Community Bank's decisions about loans, credit, and other financial products are made by people who live and work in the communities that the bank serves. This helps to ensure that customers receive a more personalized, tailored approach to banking, and that decisions are made with the local community in mind.
  3. Community Involvement. The financial institution is committed to giving back to the communities it serves, and supports a wide range of local organizations and causes. The bank's involvement in its communities is an important part of its mission to help make its communities stronger and more vibrant.
  4. Range of Financial Products. Community Bank offers a wide range of financial products and services, including personal and business banking, wealth management, and online banking. This means that customers can get all of their financial needs met in one place, making banking more convenient and efficient.
  5. Trust and Loyalty. The bank's commitment to its customers and its communities has helped it to become one of the most trusted and respected community banks in the region. Whether you're a local business owner or a homeowner, Community Bank is a financial institution that you can trust to help you achieve your financial goals.

In summary, Community Bank's focus on personalized service, local decision-making, community involvement, and a range of financial products has helped it to become one of the most trusted community banks in Mississippi, Alabama, and Tennessee. Its success is a testament to its commitment to serving the needs of its customers and communities.

Requirements

Community Bank has certain requirements for opening accounts or accessing its financial products and services. The specific requirements may vary depending on the type of account or service you are interested in, but some general requirements include:

  1. Identification. You will need to provide a valid, government-issued ID, such as a driver's license, passport, or state-issued ID card, to open an account or access certain financial products and services.
  2. Social Security Number. You will be required to provide your social security number to open an account or access certain financial products and services.
  3. Age. You must be at least 18 years old to open a checking or savings account at Community Bank. There may be other age restrictions for other financial products or services.
  4. Minimum Deposit. You may be required to make a minimum deposit to open certain accounts, such as checking or savings accounts.
  5. Credit Check. Some financial products or services, such as loans, may require a credit check before approval.
  6. Other Documentation. Depending on the type of account or service you are interested in, you may need to provide additional documentation, such as proof of income, tax returns, or business registration documents.

It is important to check with Community Bank to confirm the specific requirements for the account or service you are interested in. The bank's friendly and knowledgeable staff will be happy to assist you and answer any questions you may have.

Access on the Go

Community Bank offers several ways for customers to access its financial products and services on the go. These include:

  1. Mobile Banking. Community Bank's mobile banking app allows customers to check account balances, transfer funds, have your bills paid, make loan payments, deposit checks, and manage their accounts from their smartphone or tablet.
  2. Online Banking. Users can access their accounts, apply for loans, view up-to-date information about their transaction history, transfer funds, and pay bills online anytime through the bank's secure online banking platform.
  3. ATMs. Community Bank has ATMs located throughout its service areas that allow customers to withdraw cash, transfer funds, and check account balances.
  4. Telephone Banking. Customers can access account information and perform certain banking transactions over the phone through Community Bank's telephone banking service.

In summary, Community Bank offers a variety of ways for customers to access its financial products and services on the go, including mobile and online banking, ATMs, and telephone banking. These convenient options allow customers to manage their accounts and finances wherever they are, whenever they need to. If your problem persists, you can make an appointment with a bank representative in one of 54 physical locations.

Products and Services

Community Bank offers a range of financial products and services to meet the needs of individuals, businesses, and organizations in Mississippi, Alabama, and Tennessee. Some of the bank's key products and services include:

  1. Personal Checking. Personal checking accounts come with a range of features, including free online banking and bill pay, mobile banking, and a Visa debit card.
  2. Personal Savings. These savings accounts help customers save for the future with competitive interest rates and a range of account options.
  3. Home Loans. The bank offers a variety of home loan options, including fixed-rate mortgages, adjustable-rate mortgages, and government-backed loans.
  4. Personal Loans. Community Bank's personal loans can be used for a range of purposes, including home improvements, debt consolidation, and unexpected expenses.
  5. Mortgages. They include jumbo loan, 100%-finacing, one-time construction loans, and downpayment assistance are available.
  6. Business Checking. These accounts are designed to help businesses of all sizes manage their finances with ease, offering features such as free online banking and bill pay, mobile banking, and a Visa debit card.
  7. Business Loans. Community Bank offers a range of business loan options to help businesses grow and succeed, including lines of credit, equipment loans, and Small Business Administration (SBA) loans.
  8. Wealth Management. These services include investment management, retirement planning, and estate planning.

In summary, Community Bank offers a range of personal and business banking products and services, as well as wealth management and insurance options. The bank's products and services are designed to meet the needs of customers in its local communities, and its knowledgeable and friendly staff are always ready to help customers achieve their financial goals.

Which associations does Community Bank belong to?

Community Bank is a member of the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve System (FRS). As an FDIC member, Community Bank is insured up to the legal maximum limit by the FDIC, which protects customer deposits in the event of a bank failure or other unforeseen circumstances.

In addition to its FDIC membership, Community Bank is also a member of the Federal Reserve System, which is the central banking system of the United States. The Federal Reserve System was created in 1913 to provide a stable and flexible monetary and financial system for the United States.

As a member of the Federal Reserve System, Community Bank has access to a range of financial services, including loans, payment processing, and check clearing. The Federal Reserve System also plays a critical role in regulating the nation's money supply and promoting economic stability.

Overall, Community Bank's membership in both the FDIC and the Federal Reserve System provides its customers with additional confidence and security, knowing that their deposits are insured by the FDIC and that the bank has access to the resources of the Federal Reserve System.

Community Bank reliability

Community Bank has a long history of serving the communities of Mississippi, Alabama, and Tennessee, and has built a reputation for reliability and excellent customer service. The bank's strong financial position and membership in the Federal Deposit Insurance Corporation (FDIC) provide customers with additional confidence in the bank's reliability.

In addition to its strong financial position, the bank has a team of experienced and knowledgeable professionals who are committed to providing excellent customer service. The bank is dedicated to building long-term relationships with its customers and supporting the local communities it serves.

Community Bank is also committed to investing in the latest technology and security measures to ensure the safety and privacy of its customers' information and transactions. The bank's mobile and online banking platforms are user-friendly and secure, allowing customers to manage their accounts and finances with ease.

Overall, Community Bank's strong financial position, experienced staff, commitment to customer service, and investment in technology and security make it a reliable and trustworthy banking partner for individuals, businesses, and organizations in its local communities.

Community Bank vs. Premier Bank

Community Bank and Premier Bank are both financial institutions that offer a range of personal and business banking products and services. However, there are some key differences between the two banks, including the following:

  1. Size and Location. Community Bank has over 50 branches in Mississippi, Alabama, Florida and Tennessee, while Premier Bank operates primarily in the Midwest with locations in Ohio, Michigan, Indiana, and Pennsylvania.
  2. Customer Focus. Community Bank is focused on serving its local communities, providing personalized service and products that meet the specific needs of its customers. Premier Bank also offers personalized service, but it also emphasizes technology-driven solutions to help customers manage their finances more efficiently.
  3. Products and Services. Both Community Bank and Premier Bank offer a range of personal and business banking products and services, and Community Bank a similar selection of products.
  4. Corporate Structure. Community Bank is a privately held bank, while Premier Bank is a publicly traded bank. This difference in corporate structure can impact the bank's priorities, strategies, and the way they operate.
  5. Awards and Recognition. Both banks have received awards and recognition for their financial performance and customer service. Community Bank has a 5-star rating from BauerFinancial, while Premier Bank has been named a Forbes Best-In-State Bank for the past two years.

Overall, while Community Bank and Premier Bank offer similar products and services, their focus and approach to serving customers can differ. Community Bank emphasizes personalized service, serving its local communities, and expanding its offerings through affiliates, while Premier Bank emphasizes technology-driven solutions and a commitment to sustainability.

Community Bank vs. TIAA Bank

Community Bank and TIAA Bank are both financial institutions that offer a range of personal and business banking products and services, but there are some key differences between the two banks, including the following:

  1. Size and Location. Community Bank operates in Mississippi, Alabama, and Tennessee, while TIAA Bank is a national bank with locations across the United States.
  2. Customer Focus. Community Bank is focused on serving its local communities and building long-term relationships with its customers. TIAA Bank offers a wide range of banking products and services, with a particular focus on serving retirees and those in the education, research, and nonprofit sectors.
  3. Products and Services. Both Community Bank and TIAA Bank offer a range of personal and business banking products and services, but TIAA Bank also offers retirement planning services, investment management, and other financial services that cater to the unique needs of retirees, educators, and nonprofit organizations.
  4. Corporate Structure. Community Bank is a privately held bank, while TIAA Bank is a subsidiary of TIAA, a financial services company that specializes in retirement and investment planning.
  5. Awards and Recognition. Both banks have received awards and recognition for their financial performance and customer service. Community Bank has a 5-star rating from BauerFinancial, while TIAA Bank has been recognized as one of the best banks in the United States by several publications, including Money Magazine and Forbes.

Overall, while Community Bank and TIAA Bank offer similar products and services, their focus and approach to serving customers can differ. Community Bank emphasizes personalized service, building long-term relationships with customers, and serving local communities, while TIAA Bank offers a wide range of banking and financial services that cater to the unique needs of retirees, educators, and nonprofit organizations.

Community Bank vs. Capital One

Community Bank and Capital One are both financial institutions that offer a range of personal and business banking products and services, but there are some key differences between the two banks, including the following:

  1. Size and Location. Community Bank is a smaller regional bank that operates in Mississippi, Alabama, Florida and Tennessee, while Capital One is a national bank with locations across the United States.
  2. Customer Focus. Community Bank is focused on serving its local communities, building long-term relationships with its customers, and providing personalized service. Capital One offers a wide range of banking products and services, with a particular focus on technology-driven solutions and providing a seamless customer experience.
  3. Products and Services. Both Community Bank and Capital One offer a range of personal and business banking products and services, but Capital One also offers credit cards, auto loans, and other financial products that cater to a wider range of customers.
  4. Corporate Structure. Community Bank is a privately held bank, while Capital One is a publicly traded bank. This difference in corporate structure can impact the bank's priorities, strategies, and the way they operate.
  5. Awards and Recognition. Both banks have received awards and recognition for their financial performance and customer service. Community Bank has a 5-star rating from BauerFinancial, while Capital One has been named one of the best banks in the United States by several publications, including Money Magazine and Forbes.

Overall, while Community Bank and Capital One offer similar products and services, their focus and approach to serving customers can differ. Community Bank emphasizes personalized service, building long-term relationships with customers, and serving local communities, while Capital One offers a wider range of banking products and services, with a particular focus on technology-driven solutions and providing a seamless customer experience.

Community Bank vs. Citibank

Community Bank and Citibank are two very different financial institutions with some notable differences, including the following:

  1. Size and Location. Community Bank is a smaller, regional bank that operates in Mississippi, Alabama, Florida, and Tennessee, while Citibank is a large, international bank with a presence in more than 100 countries.
  2. Customer Focus. Community Bank is focused on serving its local communities and building long-term relationships with its customers. Citibank offers a wide range of banking products and services, with a particular focus on serving high net worth individuals, multinational corporations, and other large businesses.
  3. Products and Services. Both Community Bank and Citibank offer a range of personal and business banking products and services, but Citibank also offers wealth management services, investment banking, and other financial services that cater to the needs of its high net worth clients.
  4. Corporate Structure. Community Bank is a privately held bank, while Citibank is a publicly traded bank. This difference in corporate structure can impact the bank's priorities, strategies, and the way they operate.
  5. Awards and Recognition. Both banks have received awards and recognition for their financial performance and customer service. Community Bank has a 5-star rating from BauerFinancial, while Citibank has been named one of the largest and most respected banks in the world.

Overall, while Community Bank and Citibank offer some similar products and services, their focus and approach to serving customers can differ. Community Bank emphasizes personalized service, building long-term relationships with customers, and serving local communities, while Citibank offers a wider range of banking products and services, with a particular focus on serving high net worth individuals, multinational corporations, and other large businesses.

Community Bank

FAQ

How does Community Bank work?

Community Bank is a full-service financial institution that provides a range of personal and business banking products and services to its customers. Here are some of the ways in which Community Bank works:

  1. Account Opening. Customers can open an account with Community Bank by visiting one of its branch locations or by applying online. The bank offers a range of personal and business banking products, including checking and savings accounts, loans, and credit cards.
  2. Deposits and Withdrawals. Customers can deposit and withdraw funds from their accounts at any of the bank's branch locations, through ATMs, or through online banking. The bank also offers mobile banking services that allow customers to deposit checks using their smartphone.
  3. Online Banking. Community Bank offers online banking services that allow customers to check their account balance, transfer funds, pay bills, and manage their accounts from their computer or mobile device.
  4. Loans. Community Bank offers a range of personal and business loans, including mortgages, auto loans, personal loans, and lines of credit. Customers can complete an online application form or visit one of the bank's branch locations.
  5. Business Banking. Community Bank offers a range of business banking services, including business checking and savings accounts, loans, cash management services, and merchant services.
  6. Customer Service. Community Bank is committed to providing personalized service to its customers. Customers can contact the bank's customer service team by phone or email to get help with their accounts or to ask any questions they may have.

Overall, Community Bank works by providing a range of banking products and services to its customers, with a focus on personalized service and building long-term relationships with its customers.

Who owns Community Bank?

Community Bank is privately owned by Colbert & Associates, Inc., a holding company based in Mississippi. Thomas H. Colbert is the Senior Chairman and CEO of Community Bank and has been with the bank since 1968. Colbert & Associates, Inc. also owns other companies, including Colbert Transit Company and Colbert Real Estate Holdings, LLC.

Is Community Bank a good bank?

Community Bank has a strong reputation for providing excellent customer service, financial stability, and a range of quality banking products and services. The bank has a 5-star rating from BauerFinancial, which is a rating agency that specializes in analyzing the financial health of banks and credit unions. This rating is a testament to the bank's stability and reliability.

Moreover, Community Bank has been operating since 1905, and over the years, it has built a reputation for being a trusted and reliable financial institution. The bank has also won numerous awards and recognitions for its financial performance and customer service.

Overall, Community Bank has a good reputation in the banking industry, and it can be a good option for those looking for personalized service and a range of quality banking products and services.

Is Community Bank hard to get approved for?

The requirements to qualify for an account with Community Bank may vary depending on the type of account and the individual's financial situation. In general, the bank does have certain eligibility requirements that customers must meet. For example, to open a personal checking account, customers may need to provide a government-issued ID, a social security number, and proof of income.

Additionally, the bank may perform a credit check to ensure the applicant has a good credit history. For business accounts, the bank may require additional documentation, such as proof of business ownership and tax ID numbers.

In terms of credit products, such as loans or credit cards, qualification requirements may be more stringent. Applicants may need to have a good credit history, meet minimum income requirements, and have a certain debt-to-income ratio to be eligible.

Overall, while it may not be difficult to qualify for an account with Community Bank, eligibility requirements will vary depending on the type of account or product being applied for. It is best to speak with a representative of the bank to learn more about their specific requirements.

Company documents

Privacy Notice

Our Mission is to provide quality financial services to our customers, to yield a fair return to our shareholders, to offer opportunities for our staff members to succeed and prosper, and to contribute to the growth and prosperity of our community.

© Community Bank
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19.99 – 29.99 %
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26.99 – 26.99 %
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21.49 – 28.49 %
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21.49 – 28.49 %
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6.34 – 35.89 %
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2 months – 5 years
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3.93
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27.50 – 81.29 %
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6 months – 3 years
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