Question 1

What is Lauderdale County Bank?

Accepted Answer

Lauderdale County Bank is a community-focused commercial bank serving the residents and businesses of Lauderdale County, Tennessee. Operating as a state-chartered, FDIC-insured institution, the bank provides traditional banking services with a strong emphasis on local relationships and personalized customer service. With approximately $63 million in assets and two branch locations, the bank maintains its position as a trusted financial partner in rural West Tennessee.

The bank operates as a subsidiary of Lauderdale County Bancshares, Inc., maintaining its independence while serving the specific needs of its local community.

Question 2

When was Lauderdale County Bank founded?

Accepted Answer

Lauderdale County Bank was established on April 4, 1979, in response to the banking needs of the local Lauderdale County community. Founded by local businesspeople and community leaders, the bank was created to provide accessible, relationship-based banking services to a predominantly rural area of Tennessee.

Over the past four decades, the bank has remained committed to its founding principles of community service and financial stability, adapting to changing banking landscapes while maintaining its local focus.

Question 3

Where is Lauderdale County Bank headquartered?

Accepted Answer

Lauderdale County Bank is headquartered in Halls, Tennessee, specifically at 305 South Church Street. Halls is a small town in Lauderdale County, located in the western part of Tennessee near the Mississippi River.

Question 4

Where does Lauderdale County Bank operate?

Accepted Answer

The bank operates exclusively within Lauderdale County, Tennessee, with two full-service branch locations. The main office is located in Halls, and a second branch serves customers in Ripley, the county seat, at 331 Cleveland Street.

The bank's service area primarily encompasses the agricultural and small-town communities of Lauderdale County, which was historically developed for cotton production.

Question 5

What services does Lauderdale County Bank offer?

Accepted Answer

Lauderdale County Bank offers a comprehensive suite of retail and commercial banking services. These include various checking account options such as Liberty Checking, Senior or Student Checking, and Eagle Club Checking, along with savings accounts, money market investment accounts, and certificates of deposit.

The bank provides both first and second mortgage loans, consumer loans for automobiles and personal purchases, and commercial lending services. Digital banking services include 24-hour telephone banking, internet banking, mobile banking with remote deposit capture, and account-to-account transfers.

The bank is a proud member of the Money Pass Network, providing customers with surcharge-free ATM access at numerous locations including many Walmart stores. ATM services allow deposits, withdrawals, transfers, and balance inquiries. Customers also have access to debit cards accepted wherever Mastercard is used.

Question 6

What makes Lauderdale County Bank unique?

Accepted Answer

Lauderdale County Bank distinguishes itself through its deep local roots and commitment to the communities it serves. As a truly local institution with 20 employees, the bank maintains first-name relationships with its customers and actively participates in local community activities.

The bank's ownership structure through Lauderdale County Bancshares, Inc. ensures that decision-making remains local, allowing for quick responses to customer needs without waiting for corporate approval. This independence enables the bank to tailor its services specifically to the agricultural and small-business economy of Lauderdale County.

The bank emphasizes cybersecurity and fraud prevention, providing fraud detection services and educating customers on protecting themselves from cybercrime. Despite its small size, the bank maintains strong financial performance with solid return on assets and return on equity metrics.

Question 7

What type of financial institution is Lauderdale County Bank?

Accepted Answer

Lauderdale County Bank is a state-chartered commercial bank that is not a member of the Federal Reserve System. It is supervised by the Federal Deposit Insurance Corporation (FDIC) and carries certificate number 22835.

As a community bank, it fits the traditional model of a relationship-based financial institution focused on serving the specific needs of a defined geographic area. The bank specializes in serving markets under $1 billion in assets, categorized by regulators as "All Other Under 1 Billion" institutions, which reflects its community-centered approach to banking.

Lauderdale County Bank

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About Lauderdale County Bank in the United States