Banking Strong Since 1911
Bank of Vernon, with a rich history dating back to November 11, 1911, is the first bank in Alabama chartered by the Alabama Banking Department. Following the establishment of the FDIC in 1933, the bank was issued FDIC Certificate #51. Our inaugural location was nestled next to the Lamar County Courthouse, forming an integral part of the Courthouse Square.
Bank of Vernon has been a beacon of resilience throughout its journey, weathering several challenging periods, including the Great Depression and the recent COVID-19 Pandemic. Despite these adversities, Bank of Vernon has consistently provided its services, emerging as the community's most stable source of capital. With a firm commitment to remaining a locally owned and operated bank, we recently celebrated our 110th Anniversary in 2021!
Bank of Vernon, a Community Development Financial Institution (CDFI) and Community Development Enterprise (CDE), is deeply committed to its target markets through its deposit and lending services. The bank's board members and stockholders, who have strong ties to its target market, ensure that the bank's goals are closely aligned with the needs and aspirations of local communities.
We are headquartered in Vernon, Alabama, at 44825 Highway 17, with the Westside Express Bank at 9435 Highway 18. We also have three branches in Lowndes County, Mississippi. We opened a branch in Caledonia at 9715 Wolfe Road in 2017, a branch in North Columbus at 3561 Bluecutt Road in 2019, and the third branch in East Columbus at 420 Alabama Street in 2021. We continue to look for ways to improve our relationships with our customers and appreciate each one.
Mission Statement
Bank of Vernon is a LOCALLY owned and operated Independent Community Bank since 11/11/1911. It is a CDFI and CDE Bank and Holding Company. Its mission is to improve the social and economic conditions of the residents and businesses in its communities by offering a full range of financial products, financial services, and development services tailored to the needs of its residents and businesses.
Vision Statement
Bank of Vernon will offer innovative products and services and strive for customer satisfaction to achieve its strategic goals.
Core Values
Accountability: We will acknowledge and assume responsibility for our actions, decisions, policies, and products.
Accuracy: We shall strive to get it right the first time. Quality remains paramount to the Bank and integral to its long history.
Initiative: We take the initiative to offer comprehensive, competitive products and services to our communities.
Integrity: We will gain trust by being honest, having strong moral principles, and being consistent with our actions.
Ownership: We will take pride in our financial institution and care for our customers as if they were our family.
Resourcefulness: We will be self-reliant as problems, situations, or opportunities arise and attempt to resolve them before enlisting the help of others. We will also support co-workers as needed with no reservations.
Bank of Vernon is a full-service Community Development Financial Institution with locations in Mississippi and Alabama.