C1 Bank is New Name for Community Bank & Company

LAKEWOOD RANCH, Fla., April 2, 2012 /PRNewswire/ -- Community Bank & Company announced today that C1 Bank will be the new name of Community Bank & Company effective May 1, 2012.

(Logo: http://photos.prnewswire.com/prnh/20120402/FL80456LOGO )

"We have an absolute dedication to putting our clients 1st and our community 1st.  C1 Bank is a simplification of this ideal – and is put into practice each and every day by our 180 dedicated team members who serve the families and businesses of Tampa Bay," said Trevor Burgess, CEO.

President Katie Pemble added "C1 Bank has shown its dedication to Tampa Bay by lending over $181 million in 2011 to local families and businesses.  We expect our pending acquisition of The Palm Bank to further extend our ability to meet the needs of the community and our clients."

Chairman Bill Sedgeman said, "The Community Bank name has served us well for the past 16 years and we are all excited about our new name and what it represents for our clients and for our community. The C1 Bank name embodies the ideals on which I founded the bank in 1995."

All 18 locations will be re-branded as C1 Bank effective May 1, 2012. Upon closing of the acquisition of the Palm Bank its three locations will operate under the C1 Bank brand.

The name change does not reflect a change of ownership but rather a dedication by its owners to differentiate C1 Bank's unique brand of first class service coupled with fast local decision-making.

About Community Bank:

Community Bank is a local, independent bank that serves thousands of sophisticated savers and borrowers from 17 locations in Pinellas, Hillsborough, Manatee, Charlotte and Pasco counties and online at www.communitybanknow.com.  Community Bank is a leader in checking, savings and money markets, residential mortgages, business loans, SBA loan programs, and association and treasury services.   Community Bank is the Official Bank of the Tampa Bay Buccaneers and the Official Bank of the Outback Bowl.

Community Bank services include:

• Full Service Checking, Savings and Money Market depository products for consumers and businesses
• Residential mortgages, from "30 years fixed" to "jumbo" products all with fast local decision making
• Business and commercial real estate loans of up to $19 million to help local businesses grow
• Small Business Administration loans of up to $5 million - Community Bank is a Preferred Lender and is consistently ranked as one of the region's top SBA lenders
• Association and Treasury Services - providing lockbox services to condominiums, doctors and other businesses who need to carefully track their accounts receivable

 

SOURCE Community Bank & Company