We are pleased to announce that Calumet Bank will merge with Colony Bank in 2019. Click here to read the announcement by Colony Bank.
Recent News
Calumet Bank to Merge with Colony Bank in 2019
Calumet Opens Atlanta Loan Production Office
Calumet Bank is pleased to announce the opening our first Loan Production Office in the Atlanta market. Calumet Bank has had a presence in the Atlanta market since bringing Weare Gratwick, a seasoned Atlanta commercial banker on board as Regional President in late 2016. The office is located in Atlanta Tech Park, a technology incubator located at 107 Technology Parkway in Peachtree Corners, GA. The facility features a video podcasting studio, private offices, events space and a 100-person auditorium.
Calumet Bank Names Tracy Van Norman Columbus City President
Calumet Bank is proud to announce the promotion of Tracy Van Norman to the position of Columbus City President. Van Norman joined the Bank in 2017 as a commercial lender, and will now assume the position as market leader for Columbus.
LBC Bancshares Reports Second Quarter 2018 Financial Results
LBC Bancshares, parent company of Calumet Bank, announced the unaudited financial results for the second quarter of 2018. The company reported net income of $585 thousand, or $0.37 thousand per diluted share, for the second quarter of 2018, compared with $309 thousand, or $0.19 per diluted share for the second quarter 2017. Return on average assets was 1.18% for the second quarter of 2018 as compared to .73% for the second quarter of 2017.
Why SMEs Need Management Accountants
Mike Phillips, Chief Strategy Officer and EVP, recently wrote an article on the importance of management accounting expertise within small and medium-sized enterprises (SMEs). Click here to read the article.
Life is better at Calumet.
Our employees aim to make experiences with us like none other – from our trademark “Hello” when you walk through the door, to quick and helpful banking transactions.
Since we are locally-owned, we have the latitude to make our own banking decisions in-house. These decisions come easy because we get to know you, your family, and your business.
We don’t measure success by the number of offices we have, we measure success by the number of happy and prosperous customers we serve. Every day, these personal connections, knowledge of the local business environment and nimble speed all benefit our clients and the people they serve.
Helpful Articles
Why SMEs Need Management Accountants
Mike Phillips, Chief Strategy Officer and EVP, recently wrote an article on the importance of management accounting expertise within small and medium-sized enterprises (SMEs). Click here to read the article.
Faster Payments: The Impact For Small Businesses
Another great article from Calumet Bank’s Mike Phillips, Chief Strategy Officer and EVP. Click here to see how Faster Payments may impact your small business.
A Sandwich Leadership Lesson
Mike Phillips, Chief Strategy Officer and EVP, recently wrote an article on ‘Sandwich Leadership’ that was published in the Strategic Finance magazine. Thank you, Mike, for your continued leadership and service here at Calumet.
FDIC Insurance Coverage Over $250K – All in One Place
With Calumet Bank and the Insured Cash Sweep® (ICS) service, you can earn interest on private funds placed into money market deposit accounts and have a peace of mind knowing that your ICS funds are eligible for multi-million-dollar FDIC insurance.
Equifax Data Breach: What To Do
According to the FTC, if you have a credit report, there’s a good chance that you’re one of the 143 million American consumers whose sensitive personal information was exposed in a data breach at Equifax, one of the nation’s three major credit reporting agencies.
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