115 Years of Community Bank
Who We Are
Community Bank, formerly Farmers and Merchants Bank, is one of the fastest growing financial institutions in the South. Despite our growth, Community Bank is not the product of big business or a large, metropolitan area. Instead, more than one hundred years ago, we chose a small timber community in east central Mississippi to first plant our roots.
Today, Community Bank has grown from $200 million in assets and a couple of offices to more than $3.7 billion in assets, 51 offices, and over 800 staff-owners in four states.
However, the numerous customers and staff who are a part of our Community Bank family, the everyday faces behind those impressive numbers, would tell you that our growth and success isn’t all that complicated. It simply lies in our continued commitment to community and year after year upholding the same small town values that we were founded upon.
At the beginning and end of each workday, Community Bank is filled with people just like you. We are little league coaches, volunteer firemen, members of local chambers of commerce, church choir members, parents, children, and neighbors. We are people – a lot of people – working together towards the same goal of building a better and thriving local community.
Where We’ve Been
In life, and certainly in the banking industry, it can be easy to see where a business is and forget where they’ve been. While it’s common to marvel in the success of the present, often times a look at the past shows where the most growth is evident.
Farmers and Merchants Bank is founded in Forest, MS.
At 28, Thomas W. Colbert is named president and CEO, becoming Mississippi’s youngest bank CEO.
Farmers and Merchants Corporation is incorporated as Mississippi’s first bank holding company.
The holding company changes its name to Community Bancshares of Mississippi, Inc.
Farmers and Merchants changes its name to Community Bank of Mississippi.
After acquiring other banks, Community Bancshares forms Community Operations, Inc., a wholly owned subsidiary of the holding company to serve the needs of its member banks.
After being named one of Mississippi’s fastest-growing private companies by the Mississippi Business Journal, Community Bancshares surpasses $1 billion in assets.
Community Bancshares surpasses the $2 billion in assets milestone.
2007 – 2013
In the midst of several new branches and regional centers being created, the Mississippi Business Journal names Community Bank one of the “Best Places to Work” for seven years.
2015 – 2017
Community Bank holds the highest rank in SBA loan volume for the state of Mississippi, and the American Bankers Association also ranks it in the Top 25 "Best Banks to Work For" in the country.
2018 – Today
After reaching $3 billion in assets, Community Bank consolidated four bank charters to one and continues to expand, improve services, and foster employee growth.
I NEVER STARTED OUT TRYING TO BE BIG. I JUST WANTED TO BE GOOD.
–THOMAS W. COLBERT, SR.
Where We’re Going
Today, more than a hundred years after opening the doors of our first office in 1905, Community Bank truly believes that the same strategy and business model that has allowed us to grow and thrive over the past century is the same one that will guide us in the future.
Built on recruiting and nurturing staff, staying up-to-date with current and new financial technologies, and keeping a strong focus on servicing local communities, Community Bank will continue to expand and grow into markets all across the South in a way that holds true – with each new year – to our time-tested values.
Learn more about our Financial Literacy Resources