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Auburn Bank

From Wikipedia, the free encyclopedia
Auburn Bank
Company typePublic limited company through its holding company
NasdaqAUBN
Russell 2000 Index component as its holding company
IndustryBanking
Founded1907; 117 years ago (1907)
Headquarters,
Area served
East Alabama
Key people
E. Spencer (chairman & CEO)
Services
RevenueIncrease US$ 031.561 million (2017)[1]
Increase US$ 07.846 million (2017)[1]
Total assetsIncrease US$ 0853.381 million (2017)[1]
Total equityIncrease US$ 086.906 million (2017)[1]
Number of employees
156 (2017[1])
ParentAuburn National Bancorporation Inc.
Websitewww.auburnbank.com

Auburn Bank is an American community bank providing services in the East of Alabama as a state registered bank.[2] The Bank offers financial products and services including checking, savings, and lending.[3] The bank is a member of the Federal Home Loan Bank of Atlanta (the “FHLB”). Its operation is regulated by the Alabama Superintendent of Banks.[1]

The bank is owned by the bank holding company Auburn National Bancorporation Inc.

History

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In 1907, Sheldon (Shel) L. Toomer, a successful businessman actively involved with community activities, established Bank of Auburn (now Auburn Bank) with his fellow merchants and faculty friends. The bank was located in the heart of downtown Auburn, which was an educational center in the early twentieth century.[4]

In 1964, the managers decided to change the bank's name to Auburn National Bank.[4]

In 1991, the Bank became a member of the Federal Home Loan Bank of Atlanta (the “FHLB”),[1] and in 1995, they changed the bank's name again to Auburn Bank, which is also the bank's current name.[4]

In 2019, Auburn National Bancorporation, Inc. has stated the selection of Robert W. Dumas as Chairman of the company's board of directors and AuburnBank, its subsidiary. Dumas has been the company's president and chief executive officer since 2001, when he was also appointed director of the company.[5]

Board of Directors and Officers

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As of 2020 the board of directors and officers were:[6]

  • Terry W. Andrus - Chief Executive Officer (Retired)
  • C. Wayne Alderman - Secretary
  • J. Tutt Barrett - Attorney
  • Lauretta Jenkins Cooper - Executive Director
  • Robert W. Dumas - Chairman, President & Chief Executive Officer

References

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  1. ^ a b c d e f g "Auburn National Bancorporation 2017 Annual Report".
  2. ^ Description in google finance
  3. ^ Details of the company
  4. ^ a b c history of the bank, archived from the original on 2013-12-03, retrieved 2013-11-30
  5. ^ "Robert Dumas named Chairman of Auburn Bank's Board of Directors". Opelika Observer. 29 January 2019. Archived from the original on 2019-02-03. Retrieved 6 May 2020.
  6. ^ "Auburn Bank". Auburn Bank. Retrieved 6 May 2020.
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