Question 1

What is AuburnBank?

Accepted Answer

AuburnBank is a community bank serving East Alabama with deep roots in the Auburn-Opelika area. With approximately $1 billion in assets and 7 offices, the bank provides comprehensive personal and business banking services with emphasis on relationship banking. AuburnBank is known for its strong connection to Auburn University and the surrounding communities in Lee County and beyond.

Question 2

When was AuburnBank founded?

Accepted Answer

AuburnBank was founded in 1907 as the Bank of Auburn by Sheldon (Shel) L. Toomer, a successful businessman and community leader. Toomer established the bank with fellow merchants and Auburn faculty members, creating a financial institution to serve the growing educational center.

The bank was located in the heart of downtown Auburn, strategically positioned to serve both the local business community and Auburn University. In 1964, the bank changed its name to Auburn National Bank.

In 1984, the bank holding company Auburn National Bancorporation, Inc. was formed, providing greater operational flexibility. The bank adopted its current name, AuburnBank, in 1985. The institution has operated continuously for over 115 years, maintaining local ownership throughout its history.

Question 3

Where is AuburnBank headquartered?

Accepted Answer

AuburnBank is headquartered in Auburn, Alabama, a vibrant college town in Lee County. In 2022, the bank opened the AuburnBank Center, a new four-story headquarters building in downtown Auburn that serves as both the bank's main office and a community gathering space.

Question 4

Where does AuburnBank operate?

Accepted Answer

AuburnBank operates 7 full-service branches throughout East Alabama. The bank's primary service area includes Auburn, Opelika, Notasulga, and Valley in Lee County and surrounding areas.

The bank also maintains a loan production office in Phenix City, Alabama, extending its reach to the Columbus, Georgia metropolitan area. AuburnBank's footprint encompasses both the Auburn-Opelika metropolitan statistical area and rural communities in East Alabama.

This geographic focus allows AuburnBank to maintain deep community knowledge while serving diverse customer needs, from Auburn University-related businesses to agricultural operations in surrounding rural areas.

Question 5

What services does AuburnBank offer?

Accepted Answer

AuburnBank offers comprehensive banking services for individuals and businesses. Personal banking includes checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, residential mortgages, and home equity products.

Business banking services feature commercial loans, commercial real estate financing, agricultural loans, construction loans, lines of credit, treasury management, cash management, remote deposit capture, and ACH origination. The bank is an active residential mortgage lender in its service area.

Digital banking includes online banking, mobile banking apps, mobile deposit, bill pay, and Visa debit cards. AuburnBank operates 13 ATM locations throughout East Alabama, providing extensive automated teller services. The bank's digital platforms complement its relationship-focused branch network, offering customers multiple ways to manage their finances.

Question 6

What makes AuburnBank unique?

Accepted Answer

AuburnBank's 118-year history of continuous operation and local ownership sets it apart. The bank has remained independent through multiple economic cycles, including the Great Depression and the 2008 financial crisis, demonstrating exceptional resilience and conservative management.

The bank's connection to Auburn University and the local community is profound. Multigenerational relationships are common, with some families banking with AuburnBank for five generations. The bank actively supports over 96 local agencies annually with more than $211,000 in funding.

AuburnBank's commitment to community philanthropy extends beyond financial contributions. Bank employees volunteer extensively, participating in initiatives like the Food Bank of East Alabama and local community markets, demonstrating that community investment is a core value rather than a marketing strategy.

Question 7

What type of financial institution is AuburnBank?

Accepted Answer

AuburnBank is a state-chartered commercial bank. As an Alabama state member bank, it is regulated by the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Alabama Superintendent of Banks.

The bank has been a member of the Federal Reserve System since April 1995 and the Federal Home Loan Bank of Atlanta since 1991. AuburnBank operates under the holding company Auburn National Bancorporation, Inc., which is publicly traded on NASDAQ under the ticker symbol AUBN.

This structure provides the bank with operational flexibility while maintaining its community banking focus, allowing it to serve local needs effectively while accessing broader financial resources and capital markets.

AuburnBank

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About AuburnBank in the United States