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Our Story


Built To Last

WHO WE ARE

Founded over 115 years ago, in the small East-Central Mississippi timber community of Forest, Community Bank puts the highest of value on taking care of our customers – no matter the relationship size, and giving back to the communities we serve.

As Community Bank has grown from one office with 13 staff members and six million in assets when Thomas Colbert, Community Bank’s Senior Chairman and visionary leader, was named CEO in 1968, to today, with over 875 staff members, 54 offices and $4.7 billion in assets, it is evident that staff is the key to success.

The development and growth of Community Bank’s staff has remained the top priority for the last 54 years. Instilling the culture of Community Bank that puts value not only on the relationship with customers, but places much emphasis on investing in the next generations of the company’s leaders. 

This dedication to the next generation of company leaders gives Community Bank a level of buy-in to our culture that is unprecedented. As you look at staff around our system you will find over 115 staff members who have been with the company over 20 years. “Our staff is our greatest asset. They always have been and always will be what makes Community Bank special,” said Freddie Bagley, Chairman of the Board for Community Bank. 

From the early days in Forest until today having locations across four states, Community Bank has hired young, budding talent, brought them into the culture and taught them how to be true relationship bankers. There is an urgency to take care of the customers and to do it well. “We equip our staff with the ability to help the customers – we foster a culture of building relationships with our customers, no matter the financial need,” said Chuck Nicholson, President and CEO of Community Bank. 

Community Bank in 1974 1974
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Community Bank in 2022 2022

$4.7 Billion

875 Employees

54 Offices

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WHEN I CAME TO COMMUNITY BANK IN 1968, I WANTED TO BE GOOD – I WANTED OUR BANK TO BE GOOD, SO WE COULD OFFER THE BEST BANKING SERVICES TO OUR CUSTOMERS — Quote symbol close

said Thomas W. Colbert, Sr., Senior Chairman of the Board and Visionary Leader of Community Bank.

Where We
Have Been


1905
Community Bank Timeline Event 1905

Farmers and Merchants founded in Forest, MS

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1968
Thomas W. Colbert named President and CEO

Thomas W. Colbert named President and CEO

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1977
Farmers and Merchants Corporation was incorporated

Farmers and Merchants Corporation was incorporated

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1983
Employee Stock Ownership Program (ESOP) Began

Employee Stock Ownership Program (ESOP) Began

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1995
Farmers and Merchants changed name to Community Bank

Farmers and Merchants changed name to Community Bank Acquired Merchants and Manufacturers Bank of Ellisville, MS Acquired Peoples Bank of Mississippi based in Indianola, MS

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1996
Formed Coast Community Bank in Biloxi, MS

Formed Coast Community Bank in Biloxi, MS

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1997
Formed Community Bank, DeSoto County

Formed Community Operations, Inc. Formed Community Bank, DeSoto County First cash dividend of $1 issued

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1999
Dividend passed through to ESOP

Dividend passed through to ESOP Formed Community Bank, Meridian

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2003
Acquired First National Bank of Lucedale

Acquired First National Bank of Lucedale

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2004
Acquired Security Bank in Amory, MS

Acquired Security Bank in Amory, MS

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2005
Freddie J. Bagley named President & CEO

Formed Community Bank, National Association Freddie J. Bagley named President & CEO

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2006
Formed Community Bank, Destin

Formed Community Bank, Destin

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2007
Community Bank, NA joined with Community

Community Bank, NA joined with Community Community Bank, North Mississippi formed Community Bank, NA opened an office in Mobile, AL

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2008
Community Bank, Meridian merged with Community Bank, Ellisville

Community Bank, Meridian merged with Community Bank, Ellisville

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2010
Community Bank acquired Mortgage Consultants

Community Bank acquired Mortgage Consultants

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2012
Community Bank acquired 100% ownership of Community Bank of Florida

Community Bank acquired 100% ownership of Community Bank of Florida

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2013
Community Bank, NA and Community Bank, Destin merged with Community Bank, Coast

Community Bank, NA and Community Bank, Destin merged with Community Bank, Coast

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2014
Charles W. Nicholson, Jr. named President & CEO

Charles W. Nicholson, Jr. named President & CEO

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2018
Community Bancshares, Inc. consolidated subsidiary banks

Community Bancshares, Inc. consolidated subsidiary banks

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2019
Community Bank established a fifth region in Birmingham, AL

Community Bank established a fifth region in Birmingham, AL

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2022
New headquarters built in Flowood, Mississippi

New headquarters built in Flowood, Mississippi

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Built to Last

Built To Last.

“We equip our staff with the ability to take care of the customers – we foster a culture of building relationships with our customers, no matter the financial need.”

- Charles W. Nicholson, Jr., President and Chief Executive Officer

Focus On
Mentorship

Quality
Experience

Community
Commitment

MANAGEMENT TEAM

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