CB & S Bank: Unveiling The Meaning Behind The Acronym

What does CB&S Bank stand for?

CB&S Bank stands for Citizens Bank and Savings Company. It was incorporated on February 28, 1906 and opened its doors for business on March 3, 1906 with a capital of $25,000.

History of CB&S Bank

In 1906, Russellville, Alabama was not an ideal location to establish a bank. It was far from the country's financial centers and had a farm economy highly dependent on the weather and commodity markets. However, William H. Key, Sr., Charles E. Wilson, and Foster Gavin, the founders of CB&S Bank, focused on the unmet needs of farmers and town merchants.

Together with other investors, they raised $25,000 in seed money and incorporated the bank as Citizens Bank and Savings Company. Their vision was to provide extraordinary service to the people of the region and stake their own growth on the growth of the region.

Despite facing challenges, CB&S Bank survived boom, bust, depression, and war to emerge as an indispensable financial partner for the people of northwest Alabama. As the 20th century progressed, the bank began planning a new era of expansion.

Realizing that their blend of cutting-edge financial products and traditional customer service could serve people well beyond Franklin County, CB&S Bank decided to expand its reach. In order to avoid confusion with other Citizens Banks, the bank officially changed its name to CB&S Bank on March 3, 2008.

With the new name, CB&S Bank expanded into bigger cities and crossed state lines. In 2000, the bank entered the Mississippi market, and in 2006, it expanded into Tennessee. Throughout the years, CB&S Bank continued to grow its footprint by acquiring banks and opening new locations.

Today, CB&S Bank has over 50 offices in three states across the Southeast. The bank's current footprint extends beyond its traditional markets, serving a larger customer base with its blend of innovative financial solutions and personalized customer service.

CB&S Bank, which stands for Citizens Bank and Savings Company, has a rich history dating back to its incorporation in 1906. Despite facing challenges in its early years, the bank persevered and emerged as a trusted financial partner for the people of northwest Alabama.

Recognizing the potential for growth beyond its original market, CB&S Bank expanded its reach and changed its name in 2008. Today, the bank has over 50 offices in three states, serving a diverse customer base with its commitment to exceptional service and innovative financial solutions.