Question 1

What is Community First Bank of Indiana (CFB)?

Accepted Answer

Community First Bank of Indiana (CFB) is an independent, locally owned community bank headquartered in Kokomo, Indiana, with approximately $909 million in total assets. The bank serves individual and corporate customers primarily in Howard, Hamilton, and Marion counties.

With eight locations across central Indiana, CFB emphasizes personalized relationship banking, local decision-making, and strong community involvement. The bank's mission is to "partner with you to build a better future."

Question 2

When was Community First Bank of Indiana (CFB) founded?

Accepted Answer

Community First Bank of Indiana commenced operations on February 3, 2003, making history as the first new bank chartered in Howard County in over 55 years. The bank was established as Community First Bank of Howard County before officially changing its name to Community First Bank of Indiana in 2010.

In less than three months from when shares became available for sale, CFB became operational after raising $13 million in capital—25% more than required by the Federal Deposit Insurance Corporation and the Indiana Department of Financial Institutions. The overwhelming success of the initial capital offering reflected strong community support for the vision of creating a locally owned, locally governed bank staffed with experienced bankers.

The founders, including CEO Robb Blume and key management team members, established the bank during challenging economic times, bringing their mortgage company expertise and community banking vision to Howard County.

Question 3

Where is Community First Bank of Indiana (CFB) headquartered?

Accepted Answer

Community First Bank of Indiana is headquartered in Kokomo, Indiana, at 201 West Sycamore Street in Howard County. The bank maintains its original commitment to this community while expanding strategically throughout central Indiana.

Question 4

Where does Community First Bank of Indiana (CFB) operate?

Accepted Answer

Community First Bank of Indiana operates eight full-service branches across central Indiana, serving Howard, Hamilton, and Marion counties.

Branch locations include three in Kokomo (Main Office, Dixon Road, and Hoffer Street), two in Westfield, and branches in Noblesville, Fishers, and Indianapolis. The bank expanded beyond Howard County starting in 2015 when Community Bank of Noblesville was acquired by a larger institution, creating an opportunity for CFB to serve Hamilton County residents seeking locally owned banking alternatives.

The strategic expansion into the Indianapolis metropolitan area allows CFB to serve both its original Kokomo community and the growing northern suburbs of Indianapolis.

Question 5

What services does Community First Bank of Indiana (CFB) offer?

Accepted Answer

Community First Bank of Indiana provides comprehensive banking and financial services:

Personal Banking: Checking and savings accounts, certificates of deposit, personal loans, credit cards, and consumer financing with competitive rates and personalized service.

Mortgage Services: Residential mortgage lending, home equity loans, construction-to-permanent loans, and refinancing through affiliated 1st Signature Lending, LLC (in which the bank owns a majority stake as of January 2025).

Business Banking: Commercial loans, business checking and savings accounts, commercial real estate financing, equipment financing, lines of credit, and Small Business Administration (SBA) loans including Paycheck Protection Program (PPP) loans.

Treasury Management: Cash management solutions, ACH services, remote deposit capture, merchant services, and business credit cards.

Wealth Management: Investment services and financial planning.

Digital Services: Online banking, mobile banking, bill pay, electronic statements, and modern digital tools for convenient 24/7 account access.

Question 6

What makes Community First Bank of Indiana (CFB) unique?

Accepted Answer

Community First Bank of Indiana stands out as a genuinely local bank with more than 275 initial investors, over 90% of whom were local residents and business owners. This local ownership structure ensures decision-making authority remains in the communities served.

The bank has been recognized as one of the Best Places to Work in Indiana for eight consecutive years by the Indiana Chamber of Commerce. In 2022, CFB was named Indiana's Small Business Lender of the Year, demonstrating its commitment to supporting local entrepreneurs.

The bank's philosophy emphasizes hiring exceptional people and giving back to the community. In 2024 alone, CFB supported over 100 local organizations, contributed more than $159,000 in bank-donated funds, raised over $15,000 in employee donations, and volunteered 2,018 hours.

During the Great Recession, CFB distinguished itself by working with struggling borrowers rather than liquidating assets, demonstrating its relationship-first approach and long-term community commitment.

Question 7

What type of financial institution is Community First Bank of Indiana (CFB)?

Accepted Answer

Community First Bank of Indiana is a state-chartered commercial bank supervised by the FDIC. It operates as an independent community bank focused on relationship banking for individuals, small businesses, and commercial clients.

As a community bank, CFB maintains local ownership through Community First Financial Corporation, its holding company, with shares traded privately among local investors. This structure enables the bank to prioritize community needs and maintain personalized service while offering the full range of banking products expected from larger institutions.

Community First Bank of Indiana (CFB)

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About Community First Bank of Indiana (CFB) in the United States