Community Banking Month Spotlight: Community Spirit Bank

CommunitySpiritBankCommunity Banking Month Spotlight: Community Spirit Bank
Today’s Member Spotlight focuses on Community Spirit Bank in Red Bay, Ala. In the following interview, Marketing Director Emily Mays explains what is unique about this local community bank.

What is unique about your community bank?
We are our community’s oldest business, opening our doors on June 11, 1908. Community Spirit Bank was originally housed in the southwest corner of the Red Bay Hotel. We were located directly across from the barber shop, which was also located in the entrance of the hotel. Our original vault doors remain on display in the local museum. Our first president of the bank, A.J. Hackett, was one of the original investors and the surveyor who platted the Town of Red Bay. Our history is rich, and our roots run deep in our ever-changing communities. We are proud to continue to serve going into our 107th year!

How does your community bank uniquely serve your local community?
It’s service first, bottom line. We take pride in not just saying we offer amazing service, but showing it in every way possible. Our chairman of the board could just as likely be seen in his corner office or on his tractor scraping snow from the parking lot. When shorthanded on the frontline, our executive vice president/COO steps out of her office and runs a teller drawer if needed. We have a simple philosophy: whatever it takes to get the job done, and do it well. Service to our community is precedent. We serve our families, churches, and civic responsibilities with the same pride we do in banking. Making where we live, work and play a better place!

What is the funniest thing you’ve seen at your community bank?
One of the funniest moments is our very own Harlem Shake video we filmed in 2013. This video definitely brought out the wild side of some of our senior management. What is priceless about this video is our chairman’s role in “not having time for such foolishness.” This was certainly a fun way of showing a different side of our bankers, and for our community members that know our chairman, his depiction of no time for such nonsense was spot on!

One of the bank’s proudest moments?
We received a once-in-a-lifetime opportunity when our small town of Red Bay was selected as the inaugural Alabama city for the Smithsonian Institution’s traveling exhibit, “The Way We Worked,” as part of the Museum on Main Street (MoMS) tour. We were distinctly privileged to get to play many roles in bringing this exhibit to our Main Street. The work spanned 11 months in preparation. The Smithsonian tour was set up in the bank’s Weatherford Centre. (This is a building we took over in 1992 that was previously a bowling alley, snack shop and movie theater and was in need of much repair. The bank’s management had a vision and converted that building into a community banquet and theater facility.)

Well worth the effort, “The Way We Worked” tour explored how work has become a central element in American culture, following the history of the workforce and it’s evolution over the past 150 years. It brought in almost 6,000 visitors from all over the U.S., as well as four other countries, to our little town. This unique mission was an honor, allowing us to engage, educate and inspire far beyond just our local communities.

Favorite Project?
We engage in many local projects, but our favorite would have to be our ever-growing financial literacy program, Community Spirit Bank Money$mart. We started our program in 2013, partnering with the EverFi platform in seven area high schools. Our first year had just shy of 600 students receiving their financial education at an 86 percent certification rate. This school year we are working with nine area schools, have over 600 students registered with 4,045 financial education modules completed to date! Through this program students are taught and assessed in multiple topics of financial education, allowing them to become more informed, responsible citizens. Our hope is to provide our future generations the knowledge of common core finance decisions and skills to manage their finances effectively for a lifetime.

Celebrating Community Banking Month?
April is definitely the month to let that community banking light shine even brighter! We love our communities—they are truly like family. Each year we try to have a variety of activities for our customers and employees. Some of our favorites include spreading the community banking word on social media, giving away local gift certificates and hosting a selfie contest for employees. We also always select one extra special day for Customer Appreciation Day. We give away promotional items, fresh baked cookies, popcorn, cash prizes, CSB T-shirts and more! It’s a really fun day for our customers and employees alike. We celebrated all day this year on April 24!

We feel community banking is a calling, our president and CEO challenged all of us at the beginning of the year with this: “At the end of the day, ask yourself if what you are doing at any point is in the BEST interest of our customers. If it is, then the bank will ultimately benefit as well. Are your actions, words and deeds for you, or for the best interest of our customer? Every action we make should be for betterment of our customers! What is true, what is noble, what is right, is what we should do every day!” And we believe that is truly what makes a community banking different!

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