Auburn Bank: Difference between revisions
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Revision as of 16:50, 31 May 2020
 | This article needs additional citations for verification. (December 2013) |
| Company type | Public limited company |
|---|---|
| Nasdaq: AUBN Russell 2000 Index component | |
| Industry | Financial |
| Founded | 1907 |
| Headquarters | Auburn, Alabama, United States |
Area served | Alabama |
Key people | E. Spencer (Chairman & CEO) |
| Services | deposit, loans,Visa Checkcards, ATM |
| Revenue |  US$ 31.561 million (2017)[1] |
| US$ 7.846 million (2017)[1] | |
| Total assets | US$ 853.381 million (2017)[1] |
| Total equity | US$ 86.906 million (2017)[1] |
Number of employees | 156 (2017)[1] |
Auburn National Bancorporation, Inc. is a bank holding company. The Company’s business is primarily the management of the Auburn Bank, which is an Alabama state member 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 Federal Reserve and the Alabama Superintendent of Banks.[1]
History
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
- 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
Source: Auburn Bank[6]
References
- ^ a b c d e f g "Auburn National Bancorporation 2017 Annual Report".
- ^ Description in google finance
- ^ Details of the company
- ^ a b c history of the bank
- ^ "Robert Dumas named Chairman of Auburn Bank's Board of Directors". Opelika Observer. 29 January 2019. Retrieved 6 May 2020.
{{cite web}}: CS1 maint: url-status (link) - ^ "Auburn Bank". Auburn Bank. Retrieved 6 May 2020.
{{cite web}}: CS1 maint: url-status (link)
