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CB&S Bank History

Our History OldCB&S Bank was incorporated as Citizens Bank on February 28, 1906 and opened its doors for business on March 3, 1906. The bank was started with $25,000 in capital. The photo beside shows the Wilson Building, where Citizens Bank first opened its doors.

In 1906, Russellville, Alabama was not exactly the most opportune place to establish a bank. It was far removed from the country’s financial centers, with a farm economy highly dependent on the weather and the whims of the commodity markets. Yet William H. Key, Sr., Charles E. Wilson, and Foster Gavin weren’t interested in obstacles. Instead, the three founders of CB&S Bank focused on the unmet needs of farmers and town merchants alike. The three of them, along with other investors, pulled together $25,000 in seed money and incorporated the bank as Citizens Bank and Savings Company on February 28, 1906. Of course, CB&S Bank began with far more than capital. We opened our doors on March 3, 1906, with a vision to provide extraordinary service to the people of the region, staking our own growth on the growth of the region. It certainly wasn’t easy, yet we survived boom, bust, depression, and war to emerge as an indispensable financial partner for the people of northwest Alabama. As the 20th Century grew old, however, we began planning a new era of expansion. We at CB&S Bank realized that our blend of cutting-edge financial products and traditional customer service could serve people well beyond Franklin County.

Our History LogoAs the bank has grown and expanded throughout the region, we increasingly ran into other Citizens Banks. So effective March 3, 2008, Citizens Bank officially changed its name to CB&S Bank.

As a result, we began to expand beyond our traditional markets, moving into bigger cities and crossing state lines. In 2000, CB&S Bank entered the Mississippi market, and in 2006, we expanded into Tennessee. Through the years, we continued to expand our footprint by acquiring banks and opening new locations. CB&S Bank’s current footprint expands over 50 offices in three states, all across the Southeast.

CB&S Bank's Current Footprint

If our founders dropped by today for a visit, they would be amazed at whatOur History Map they would find. Our traditional teller cages have been replaced with smiling customer service representatives. The handwritten ledgers have vanished, replaced by state-of-the-art Internet Banking that allows customers to conduct business any time of the day or night–innovations that we take for granted today but would have been nothing short of miraculous over 100 years ago. At the same time, amid all the new technology and changes in the financial business, our founders would instantly recognize one thing about CB&S Bank: our total commitment to the needs of our customers and our shareholders; it’s the philosophy that has propelled our growth in good times and bad. As we plan for the next century of growth, this philosophy is the way CB&S Bank will enjoy a prosperous, stable, and secure future.

CB&S Bank is a leading community bank with over $1.6 billion in assets, headquartered in Russellville, Alabama, operating over 50 branches in the Alabama, Mississippi, and Tennessee markets. Employing over 500 people company-wide, we offer a complete line of full-service banking products and other related financial services to retail and commercial customers through our subsidiaries.

 

  1. Personal

    1. Personal Banking
      1. Personal Checking
        1. Personal Checking Account Comparison
        2. Free Checking
        3. Star Rewards Checking
        4. Premium Checking
        5. Interest Checking
        6. Prime Advantage
        7. Platinum Checking
        8. All About U Student Checking
        9. Golden Customer Club
        10. Golden Customer Club Plus
        11. Insured Money Fund
      2. Personal Savings
        1. Savings Account Comparison
        2. Statement Savings
        3. Super Star Savers Club
        4. Christmas Club Savings
        5. Vacation Club Savings
        6. Certificates of Deposit (CDs)
        7. Individual Retirement Account (IRAs)
      3. Debit Cards
      4. Safe Deposit Boxes
    2. Personal Borrowing
      1. Home Loans
      2. Personal Loans
      3. Auto Loans
      4. ScoreCard Rewards Credit Card
    3. Account Tools & Resources
      1. Personal Financial Insights
      2. Personal Financial Calculators
      3. ID Protection
      4. Access Line
      5. Reorder Checks
      6. Report Lost/Stolen Card
      7. Download a Switch Kit
  2. Business

    1. Business Banking
      1. Business Checking
        1. Business Checking Account Comparison
        2. Free Business Checking
        3. Business Select Checking
        4. Business Analysis Checking
        5. Business Interest Checking
        6. Business Prime Advantage
        7. Insured Money Fund
        8. Workplace Advantage Checking (For Your Employees)
      2. Business Savings
        1. Business Savings Accounts
        2. Simplified Employee Pension (SEP) Account
      3. Business Mobile Banking
      4. Business Debit Cards
      5. Treasury Management
        1. Treasury Management Services
      6. Merchant Services
    2.  Business Borrowing
      1. Small Business Loans
      2. Commercial Loans
      3. Commercial Real Estate Loans
      4. Credit Cards
    3. Account Tools & Resources
      1. Business Financial Insights
    4. Business Financial Calculators
      1. Capital Calculator
      2. Cash Flow Calculator
      3. Commercial Loan Calculator
      4. Debt Service Calculator
      5. Ratios Calculator
  3. Digital Banking

    1. Personal Digital Banking
      1. Mobile Banking
      2. Mobile Deposit
      3. Internet Banking
      4. Internet Bill Pay
      5. PopMoney
      6. eStatements
    2. Business Digital Banking
      1. Mobile Banking
      2. Treasury Management Internet Banking
      3. Business Express Deposit
  4. Home Loans

    1. Home Loan Options
      1. Apply For A Home Loan
    2. Meet Our Mortgage Team
      1. Alana Beaugez
      2. Anita Whitaker
      3. Scott Pride
      4. Dean Smith
    3. Mortgage Tools & Resources
      1. Home Loan Insights
      2. Home Loan Toolkit
      3. Home Loan Glossary & FAQ
      4. Loan Calculator
      5. NMLS Registry
  5. Financial Services

    1. Insurance
    2. Personal Investments
      1. Meet Our Team
  6. About Us

    1. Our Story & History
    2. Locations & Hours
      1. Adamsville
      2. Ardmore
      3. Birmingham
      4. Bolivar
      5. Cherokee
      6. Clarksdale DeSoto Ave
      7. Clarksdale Downtown
      8. Corinth Alcorn Dr
      9. Corinth Harper Rd
      10. Cornersville
      11. Decatur 6th Ave
      12. Decatur Beltline Rd
      13. Eupora
      14. Fayetteville
      15. Florence Downtown
      16. Florence Hough Rd
      17. Greenville Downtown
      18. Greenville Highway 1
      19. Greenwood Downtown
      20. Greenwood Park Ave
      21. Hodges
      22. Hohenwald East Main St
      23. Hohenwald West Main St
      24. Huntsville Downtown
      25. Huntsville Hampton Cove
      26. Huntsville Perimeter Park
      27. Huntsville University Dr
      28. Killen
      29. Lewisburg
      30. Lexington
      31. Madison
      32. Main Office
      33. Moulton
      34. Murfreesboro
      35. Muscle Shoals
      36. North Russellville
      37. Parsons Main St
      38. Phil Campbell
      39. Pulaski
      40. Red Bay
      41. Ripley
      42. Savannah Main St
      43. Russellville Franklin Plaza
      44. Savannah Water St
      45. Savannah Wayne Rd
      46. Scotts Hill
      47. Selmer Court Ave
      48. Selmer Mulberry Ave
      49. Starkville
      50. Sturgis
      51. Town Creek
      52. Tupelo Gloster St
      53. Tupelo Main St
      54. Walnut
      55. Whiteville
    3. Contact Us
    4. Career Opportunities
    5. Privacy & Security
    6. Terms & Conditions
    7. Disclosures
  7. Education Center


    1. Personal Financial Insights
    2. Business Financial Insights
    3. Home Loan Insights
    4. Home Loan Toolkit
    5. Home Loan Glossary & FAQ
    6. Product Video Demos
    7. Financial Calculators
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