Auburn Bank
| Company type | State-chartered bank |
|---|---|
| Industry | Banking, Financial services |
| Founded | 1907 |
| Founder | Sheldon L. Toomer and local Auburn merchants |
| Headquarters | Auburn , United States |
Area served | East Alabama |
Key people | Robert W. Dumas (Chairman, President & CEO), Terry W. Andrus (Former CEO), C. Wayne Alderman (Secretary), J. Tutt Barrett (Legal Counsel), Lauretta Jenkins Cooper (Executive Director) |
| Products | Checking accounts, savings options, loan products |
| Parent | Auburn National Bancorporation Inc. |
Auburn Bank is a community-focused financial institution based in East Alabama, operating as a state-chartered bank. It provides a range of banking services such as checking accounts, savings options, and loan products. The bank holds membership in the Federal Home Loan Bank of Atlanta (FHLB) and falls under the regulatory oversight of the Alabama Superintendent of Banks.
Its operations are conducted through its parent company, Auburn National Bancorporation Inc.
History
Established in 1907 by entrepreneur Sheldon L. Toomer along with local Auburn merchants, the bank originally catered to the educational sector in downtown Auburn, Alabama. The institution was rebranded as Auburn National Bank in 1964.
The bank became part of the Federal Home Loan Bank of Atlanta in 1991 and changed to its present name in 1995. In 2019, Robert W. Dumas, who had served as president and CEO since 2001, was named chairman of both Auburn National Bancorporation’s board and its subsidiary, AuburnBank.
Board of Directors and Officers
The leadership team as of 2020 consisted of:
- Terry W. Andrus – Former Chief Executive Officer
- C. Wayne Alderman – Secretary
- J. Tutt Barrett – Legal Counsel
- Lauretta Jenkins Cooper – Executive Director
- Robert W. Dumas – Chairman, President & Chief Executive Officer