Auburn National Bancorporation

Last updated
Auburn National Bancorporation, Inc.
Type Public limited company
Nasdaq:  AUBN
Russell 2000 Index component
Industry Financial
Founded1907
Headquarters Auburn, Alabama, United States
Area served
Alabama
Key people
E. Spencer
(Chairman & CEO)
Services deposit, loans,Visa Checkcards, ATM
RevenueIncrease2.svg US$ 031.561 million (2017) [1]
Increase2.svg US$ 07.846 million (2017) [1]
Total assets Increase2.svg US$ 0853.381 million (2017) [1]
Total equity Increase2.svg US$ 086.906 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]

Contents

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

Source: Auburn Bank [6]

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References

  1. 1 2 3 4 5 6 7 "Auburn National Bancorporation 2017 Annual Report".
  2. Description in google finance
  3. Details of the company
  4. 1 2 3 history of the bank, archived from the original on 2013-12-03, retrieved 2013-11-30
  5. "Robert Dumas named Chairman of Auburn Bank's Board of Directors". Opelika Observer. 29 January 2019. Archived from the original on 2019-02-03. Retrieved 6 May 2020.
  6. "Auburn Bank". Auburn Bank. Retrieved 6 May 2020.