| Central State Bank | |
| Categories: |
Online Banking/Corporate Accounts Online Banking/Business Accounts Mortgage/State/Alabama Alabama Online Banking/Personal Accounts |
| URL: | http://www.centralstatebank.com/ |
| Description: |
Central State Bank was chartered February 5, 1916, in compliance with the regulations of the State of Alabama Banking Department. The bank had several presidents and ownership changes during its first 29 years until March 1, 1945, when Roy Downs was hired by the Bank's Board of Directors to serve as cashier. Mr. Downs left his position as Personnel Director of First National Bank of Birmingham to accept the job at Central State Bank for a salary of $250.00 per month plus 5% of the annual net profit of the bank. On May 12, 1947, Roy Downs was elected President of the Bank and in December of that year, he bought the controlling interest from other stockholders. Mr. Downs was reared in a small town in North Alabama, and he easily adapted to the life style of Calera. He brought with him a desire to see his adopted community grow and prosper, and through his leadership, Calera acquired new industry as an addition to the local economy. Through his devotion to civic, school and religious organizations, a deposit base was cultivated throughout the county. The bank grew from deposits of less that $390,000 at the time of Mr. Downs' arrival to almost $8,000,000 at the time of his death in October of 1971. Mr. Downs' abilities - his devotion to his community, his concern and friendliness to his fellow man, and his unique ability to make each customer feel important - are the foundation on which Central State Bank continues to operate today. Since Mr. Downs' death, his family has maintained control and actively managed the bank with the same values and traditions that were established by Mr. Downs in 1945. From 1971 to the present date, Mr. Downs' son-in-law, William M. Schroeder has served as President, Chairman of the Board and Chief Executive Officer, his daughter, Deegee Downs Schroeder, as Vice Chairman of the Board, his son, David P. Downs, as Senior Vice President, and his grandchildren, Shane Schroeder, as Senior Vice President, Mitt Schroeder, as Senior Vice President, and Shanda Schroeder Watts, as Vice President. Each of these family members are active in the day to day operation of the bank which has now grown in assets to over one hundred forty million dollars in 2005. Central State Bank has two offices in Calera. The Main Office is located at 11025 Hwy 25, and the Airport Office is located at 57 Hwy 87 near the Shelby County Airport. In October 2005 Central State Bank opened a third office at 3145 Hwy 31 South in Pelham. The bank also owns Central State Mortgage located at 2815 Greystone Commercial Blvd. in Birmingham, which offers a wide variety of 15 and 30 year mortgages Main Office 11025 Hwy 25 - Calera, AL 35040 Ph: 205-668-0711 |
| Title: | Central State Bank |
| Clicks: | 3 |
| Link Added: | 12-23-2006 |
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