Question 1

What is First Bank of McComb?

Accepted Answer

First Bank of McComb is a community-focused commercial bank headquartered in McComb, Mississippi. With over 125 years of history, it operates as a family-run financial institution serving individuals and businesses across south-central Mississippi. As of August 2022, the bank holds approximately $541.7 million in total assets and $463.6 million in deposits, operating 14 branch locations throughout the region.

The bank emphasizes personalized customer relationships and community involvement, maintaining its founding principles of neighborly compassion and local decision-making in an era of consolidation.

Question 2

When was First Bank of McComb founded?

Accepted Answer

First Bank of McComb was founded in 1895 by John C. Covington in Summit, Mississippi. The bank's origin story reflects its enduring values of personal relationships and community support.

When Covington moved to Summit from nearby Liberty, he formed a friendship with local resident Isadore Moyse. In the absence of a local bank, Moyse extended Covington credit to help him establish himself in his new home and business. This act of trust and personal connection became the foundation upon which First Bank was built.

Over the past 125+ years, the bank has evolved while maintaining its identity as a family-run institution committed to serving its communities with the same kindness that characterized its founding relationship.

Question 3

Where is First Bank of McComb headquartered?

Accepted Answer

First Bank of McComb is headquartered in McComb, Mississippi, located in Pike County. The main office is situated at 100 South Broadway in McComb, serving as the bank's primary operational center.

McComb is positioned in the southwestern region of Mississippi and serves as a hub for the bank's operations throughout the surrounding communities.

Question 4

Where does First Bank of McComb operate?

Accepted Answer

First Bank of McComb operates throughout south-central Mississippi, with 14 branch locations serving multiple counties. The bank's geographic footprint includes:
• Pike County: Multiple locations in McComb (main office, Delaware Avenue, Edgewood Drive, Third Street)
• Pike County: Magnolia and Osyka
• Amite County: Liberty
• Lincoln County: Brookhaven (two locations)
• Lawrence County: Monticello
• Madison County: Madison
• Pike County: Summit

The bank maintains a strong presence in the McComb Metropolitan Statistical Area and extends its services to both rural and growing suburban communities across the region. All domestic deposits are held within the United States.

Question 5

What services does First Bank of McComb offer?

Accepted Answer

First Bank of McComb provides a comprehensive range of personal and business banking services:

Personal Banking:
• Checking accounts (including Club Checking with enhanced benefits)
• Savings accounts (including Christmas Savings)
• Home Equity Lines of Credit (HELOC)
• Personal loans
• Small-dollar, short-term loans
• Mortgage services

Digital Banking:
• On the Go Mobile App: Full-featured mobile banking with account access, balance viewing, and transaction history
• Mobile Deposit: Remote check deposit via smartphone
• Online Bill Pay: Electronic payment scheduling and management
• Card Management: Ability to deactivate/activate debit cards through the app
• Account Alerts: Balance, event, and transaction notifications via email or text
• Online Fund Transfers: Between First Bank accounts
• Branch and ATM Locator: Integrated location services
• Two-Factor Authentication: Enhanced security features
• Conversations Feature: In-app chat with bank specialists

Business Banking:
• Commercial checking and savings accounts
• Business loans
• Community Reinvestment Act (CRA) services

The bank operates deposit-taking ATMs at multiple locations and provides drive-thru services at most branches.

Question 6

What makes First Bank of McComb unique?

Accepted Answer

Several distinctive characteristics set First Bank of McComb apart:

Family Heritage and Local Ownership: As a family-run bank for over 125 years, First Bank maintains local ownership and local decision-making authority. This structure allows the bank to respond quickly to community needs without bureaucratic corporate approval processes.

Community Investment Philosophy: The bank's tagline "Where Customers and Community Matter Most" reflects its active engagement in community service, event sponsorship, and financial literacy promotion throughout southwest Mississippi. The bank views itself as "men about town" serving as the "Bank About Town."

Personal Banking Relationships: First Bank prioritizes knowing customers personally rather than viewing them as account numbers. This approach stems directly from its founding story of personal trust between John C. Covington and Isadore Moyse.

Regional Focus: In an era of banking consolidation, First Bank remains committed to community banking principles, believing that locally-focused institutions are vital to regional economic growth.

Modern Technology with Traditional Values: The bank combines comprehensive digital banking capabilities through its On the Go mobile platform with old-fashioned relationship banking, offering customers both convenience and personal attention.

Question 7

What type of financial institution is First Bank of McComb?

Accepted Answer

First Bank of McComb is a State Commercial Bank. It operates as an FDIC-insured depository institution (Certificate #5907) under state banking regulations.

As a commercial bank, it provides the full spectrum of banking services to both retail customers and businesses. Its structure as a state-chartered bank allows it to serve its regional market while maintaining strong community connections.

The bank fits the community bank model, emphasizing local ownership, local decision-making, and personalized service. With approximately $541.7 million in assets, it maintains significant financial strength while remaining small enough to preserve its community-focused approach.

First Bank of McComb is part of a holding company structure (RSSD-HCR: 1082692), which provides additional operational and financial support while allowing the bank to maintain its local identity and autonomous decision-making.

Question 8

What is First Bank of McComb's financial performance?

Accepted Answer

First Bank of McComb demonstrates solid financial performance indicators as of August 2022:
• Return on Assets (ROA): 2.06%, indicating strong profitability relative to its asset base
• Return on Equity (ROE): 15.61%, showing effective use of shareholder capital
• Net Income: $8.4 million annually, demonstrating consistent profitability
• Total Assets: $541.7 million
• Total Deposits: $463.6 million

These metrics reflect a well-managed institution with healthy profitability ratios that exceed many peer banks in the community banking sector. The bank's strong performance enables it to continue investing in technology, community initiatives, and customer service enhancements.

Question 9

How does First Bank of McComb support its communities?

Accepted Answer

Community involvement is central to First Bank of McComb's mission and operations:

Financial Inclusion: The bank serves several census tracts designated as distressed due to poverty, providing essential banking services to underserved communities throughout Pike, Amite, and surrounding counties.

Community Reinvestment: Through CRA activities, First Bank actively works to meet the credit needs of its entire community, including low- and moderate-income neighborhoods.

Local Sponsorships: The bank sponsors community events and organizations working to improve quality of life for local citizens.

Financial Literacy: First Bank promotes financial education initiatives to help community members make informed financial decisions.

Economic Development: As a locally-owned institution making local decisions, the bank supports economic growth by providing accessible credit to small businesses and individuals who might be overlooked by larger regional or national institutions.

The bank's commitment to community service stems from its founding principle that banking relationships should be built on understanding people and their circumstances, not just financial metrics.

First Bank of McComb

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About First Bank of McComb in the United States