CB & S Bank
CB & S Bank
(931) 359-5999
771 N Ellington Pky, Lewisburg, TN
Incorporated February 28, 1906 as Citizens Bank and Savings Company.
April 30, 1939, the offices of the Tennessee Valley Bank and Citizens Bank and Savings Company were merged.
Citizens Bank was the only bank in Russellville that remained solvent during the depression of the 1930's
The bank built new offices in Red Bay in 1980 and Hodges in 1981, making Citizens Bank a "county-wide" bank
In 1988, the bank formed a holding company called CBS Banc-Corp
Opened a new subsidiary company of Citizens Bank called Citigroup Financial Services, Inc. in 1989
The first Citigroup office was established in Russellville in 1989 with three more offices added in Hamilton, Fayette and Muscle Shoals, Alabama over the next few years
Citizens Bank divested itself of its Citigroup Financial Services subsidiary in Fall of 1996 by selling all assets to First Franklin Financial
May 1990, acquired the Russellville/Red Bay offices of Phenix Federal Savings & Loan Company
The bank had an opportunity to further expand in April 1993 by acquisition of First State Bank of Franklin County with offices on Highway 43 in Russellville and Phil Campbell
Annuities, mutual funds, stocks and bonds could all be purchased through a new bank subsidiary known as Franklin Investments, Inc. in 1994 with the name being changed to Franklin Investments and Insurance in 1996
The bank's first Lawrence County office was established in Moulton, Alabama in September 1995. The new bank was called CBS Bank because of the existence of a bank already in Moulton named Citizens Bank
In 1998, a new 14,000 square foot Service Center was constructed directly behind our Russellville Main Office
Our eighth branch opened in Muscle Shoals in January 1999
The ninth branch office opened in March of 1999 in Florence, Alabama, in the former Colonial Bank building
On September 30, 2000, Citizens Bank successfully assumed ownership of the insured deposits of the Bank of Falkner in Falkner, Mississippi with a main office in Falkner along with offices in Ripley, Walnut and Corinth, Mississippi
On May 2, 2003, Citizens Bank completed its acquisition of Community Financial Services, Inc., thus extending our market area into the state of Tennessee. As a result, the Bank of Bolivar, with offices in Bolivar and Whiteville, Tennessee became a wholly owned subsidiary of CBS Banc-Corp.
On June 24, 2005, CB&S Bank successfully completed an acquisition of seven of the Colonial Bank branches in Northwest Alabama and Tennessee. These offices are located in Center Star, Cherokee, Phil Campbell, and Town Creek, Alabama and Ardmore, Fayetteville, and Pulaski, Tennessee. This acquisition further established Citizens Bank as a leading community bank in Alabama and expands its territory in Tennessee.
On June 24, 2005, the Bank of Bolivar was successfully consolidated into Citizens Bank.
In February 2006, a branch location was opened in Decatur, Alabama.
On April 29, 2006, Citizens Bank successfully completed an acquisition of Farmers Bank with locations in Cornersville, and Lewisburg, Tennessee.
On January 29, 2007, Citizens Bank successfully completed an acquisition of six offices in Mississippi from AmSouth Bank and Regions Bank. These offices are located in Clarksdale, Greenwood, Greenville, Eupora, Starkville, and Sturgis. In conjunction with this acquisition, three additional offices were also opened in Clarksdale, Greenville and Greenwood. This accounted for a little over $300 million of growth.
In February 2007, Citizens Bank made its way into Madison County, Alabama by opening a branch in Huntsville.
Citizens Bank opened its 35th location in Middleton, Tennessee on October 1, 2007. This is the bank's third location in Hardeman County with two other locations in Bolivar and Whiteville, Tennessee.
Citizens Bank opened its 36th location in Corinth, Mississippi on November 5, 2007.
On March 3, 2008, Citizens Bank and Savings Company officially changed its name to CB&S Bank.
On April 1, 2008, CB&S Bank opened its 37th location in Birmingham, Alabama. This new office is located at 1301 Doug Baker Boulevard in The Village at Lee Branch. This new location allows CB&S Bank to expand its coverage further south in the state of Alabama.
CB&S Bank opened its 38th location on April 15, 2008 in Owens Cross Roads, Alabama. The new office is located at 6388 Highway 431 South in the Hampton Cove area. This new location will be the second location in the Huntsville area and allows CB&S Bank to expand its coverage in Madison County.
On June 4, 2008, CB&S Bank opened a new office located at 706 South Church Street, Murfreesboro, Tennessee. This is CB&S Bank's 39th branch location and its ninth location in Tennessee.
CB&S Bank opened its 40th location in Tupelo, Mississippi on August 7, 2008. The new office is located at 86 South Thomas Street.
On December 24, 2008, CB&S Bank opened its 41st location and its third location in Huntsville, Alabama. This new office is located at 521 Madison Street in downtown Huntsville.
On February 12, 2009, CB&S Bank opened its 42nd location in Florence, Alabama. This new office is located at 2975 Hough Road and is the second office in Florence. This allows CB&S Bank to further expand its products and services to the residents of the Shoals area.
CB&S Bank opened its 43rd location and its fourth location in Huntsville, Alabama on April 1, 2009. This new office is located at 6104 University Drive SW at Perimeter Park.
CB&S Bank opened its 44th location and its fifth location in the Huntsville, Alabama area on April 6, 2009. This new office is located at 8018 Highway 72 W in Madison
© 2007 CB&S Bank. All rights reserved.
Votes:33
Comments: 0