Auburn National Bancorporation

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]

Auburn National Bancorporation, Inc.
Public limited company
Traded asNASDAQ: AUBN
Russell 2000 Index component
IndustryFinancial
Founded1907
HeadquartersAuburn, Alabama, United States
Area served
Alabama
Key people
E. Spencer
(Chairman & CEO)
Servicesdeposit, loans,Visa Checkcards, ATM
Revenue US$ 031.561 million (2017)[1]
US$ 07.846 million (2017)[1]
Total assets US$ 0853.381 million (2017)[1]
Total equity US$ 086.906 million (2017)[1]
Number of employees
156 (2017)[1]
Websitewww.auburnbank.com 

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
  1. "Auburn National Bancorporation 2017 Annual Report".
  2. Description in google finance
  3. Details of the company
  4. 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. Retrieved 6 May 2020.
  6. "Auburn Bank". Auburn Bank. Retrieved 6 May 2020.
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