We are pleased to announce that Calumet Bank will merge with Colony Bank in 2019. Click here to read the announcement by Colony Bank.
Casey Smith Named Chairman of the Board for LaGrange-Troup County Chamber of Commerce
Casey Smith, Executive Vice President and Chief Operating Officer, now serves on the Board of the LaGrange-Troup County Chamber of Commerce as Chairman. Casey has been involved with the Chamber since 2007 and has served in various roles since then.
Casey recently held an interview with LaGrange Daily News about her involvement in the Chamber and the community. Click here to read the interview.
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 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, 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.
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.