Question 1

What is Community Bank of the South?

Accepted Answer

Community Bank of the South is a locally owned and operated state-chartered community bank serving Brevard County, Florida. With approximately $258 million in total assets and three office locations, the bank operates as a wholly owned subsidiary of CBOS Bankshares, Inc.

The bank specializes in relationship-driven banking for small businesses, professionals, and individuals in the Palm Bay-Melbourne-Titusville metropolitan area. Community Bank of the South emphasizes long-term customer relationships and high-quality service delivery, positioning itself as "your locally owned and operated hometown bank."

Question 2

When was Community Bank of the South founded?

Accepted Answer

Community Bank of the South was founded in 1999 to meet the growing financial needs of small businesses, professionals, and individuals in central Brevard County. The bank was established during a period of economic expansion in Florida's Space Coast region, filling a need for personalized, relationship-based banking services.

From its inception, the bank's founders committed to developing long-term relationships with customers and delivering consistently high levels of service. The bank has maintained this founding philosophy for over 25 years, growing steadily while preserving its community banking focus and local ownership structure.

Question 3

Where is Community Bank of the South headquartered?

Accepted Answer

Community Bank of the South is headquartered in Merritt Island, Florida, located in Brevard County. The main office is situated at 277 North Sykes Creek Parkway in Merritt Island, positioning the bank in the heart of Florida's Space Coast region.

Question 4

Where does Community Bank of the South operate?

Accepted Answer

Community Bank of the South operates exclusively within central Brevard County, Florida, focusing on the Palm Bay-Melbourne-Titusville metropolitan area. The bank maintains three full-service offices strategically located to serve its target communities:

The headquarters location in Merritt Island serves as the primary banking center. Additional branch offices are located in Cocoa and Rockledge, providing convenient access throughout central Brevard County.

This concentrated geographic footprint allows the bank to maintain deep connections with local communities, businesses, and civic organizations while delivering personalized service that larger regional or national banks cannot match.

Question 5

What services does Community Bank of the South offer?

Accepted Answer

Community Bank of the South offers a comprehensive suite of banking products and services designed specifically for small businesses, professionals, and individual customers in Brevard County.

Personal Banking Services include various checking and savings accounts, certificates of deposit, money market accounts, and consumer lending products. The bank provides residential mortgages, home equity loans, and personal lines of credit tailored to individual customer needs.

Business Banking Services form a core strength of the bank, with specialized products for small businesses and professionals. Services include business checking and savings accounts, commercial real estate loans, business lines of credit, equipment financing, and working capital loans. The bank emphasizes relationship banking, with experienced commercial lenders who understand local market conditions.

Digital Banking Services are available through www.cbos.bank, offering online banking platforms that allow customers to manage accounts, transfer funds, pay bills, and access account information remotely. The bank balances technological convenience with personal service, ensuring customers can always reach a knowledgeable banker when needed.

Treasury Management services help business customers efficiently manage cash flow, make deposits, process payments, and optimize working capital.

Question 6

What makes Community Bank of the South unique?

Accepted Answer

Community Bank of the South distinguishes itself through several key characteristics that reflect its founding values and ongoing commitment to the community.

Local Ownership and Control: As a locally owned and operated institution, all major decisions are made locally by people who live and work in Brevard County. This structure ensures the bank remains responsive to community needs and can make lending decisions based on local knowledge rather than distant corporate policies.

Relationship-Driven Approach: The bank emphasizes developing long-term relationships rather than transactional banking. Customers work with experienced bankers who know them personally, understand their businesses, and can provide customized financial solutions.

Small Business Focus: While serving individuals, the bank has developed particular expertise in serving small businesses and professionals, understanding that these customers require specialized attention and flexible lending approaches that larger institutions often cannot provide.

Community Engagement: Bank leadership, employees, and board members are encouraged to volunteer in civic and community activities throughout Brevard County. This involvement ensures the bank remains deeply connected to the communities it serves and contributes to regional economic development.

Conservative Management Philosophy: The bank commits to steady, controlled growth that enhances long-term stockholder value while maintaining strong capital ratios and sound risk management practices.

Question 7

What type of financial institution is Community Bank of the South?

Accepted Answer

Community Bank of the South is a State-Chartered Community Bank operating under Florida banking regulations and FDIC supervision. The bank is not a member of the Federal Reserve System, instead operating under state charter as a commercial bank supervised by the Florida Office of Financial Regulation and the FDIC.

As a community bank, Community Bank of the South represents the traditional model of relationship-based banking, where local ownership, local decision-making, and community reinvestment form the core business philosophy. The bank operates as the wholly owned subsidiary of CBOS Bankshares, Inc., a closely held bank holding company that preserves local control while providing corporate governance and capital support.

This structure allows Community Bank of the South to compete effectively against larger regional and national banks by offering personalized service, flexible lending practices, and deep community knowledge that larger institutions cannot replicate. The community bank model has proven particularly effective in markets like Brevard County, where small businesses and professionals value relationship banking over the impersonal service delivery of larger financial institutions.

Community Bank of the South

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About Community Bank of the South in the United States