Commercial Bank and Trust Company (CBTC) is a full-service financial institution headquartered in Paris, Tennessee. Established in 1877, CBTC has been dedicated to serving the personal and business banking needs of its communities for over a century. The bank's mission is to provide personalized, expert financial advice and services, fostering strong relationships and contributing to the success of individuals and small businesses. With a focus on community engagement and customer-centric solutions, CBTC has become a trusted financial partner in West Tennessee.
CBTC's strategic focus centers on delivering comprehensive financial services tailored to the unique needs of its clients. The bank specializes in personal banking, commercial banking, trust services, and investment solutions. Utilizing advanced digital banking technologies, CBTC offers online and mobile banking platforms that enhance customer convenience and accessibility. The primary markets served include the communities of Paris, Memphis, Union City, and Jackson, Tennessee, where CBTC operates nine branch locations.
As of the latest available data, CBTC reported total assets of approximately $741.3 million, total deposits of $660 million, and net loans of $474.1 million. The bank achieved a net income of $11.3 million, reflecting a return on average assets (ROAA) of 1.575% and a return on average equity (ROAE) of 14.359%. These financial indicators demonstrate CBTC's robust financial health and operational efficiency.
CBTC offers a diverse range of financial products and services, including:
- Personal Banking: Checking and savings accounts, personal loans, mortgages, and credit cards.
- Commercial Banking: Business checking and savings accounts, commercial loans, and treasury management services.
- Trust Services: Estate planning, trust administration, and fiduciary services.
- Investment Services: Wealth management, retirement planning, and investment advisory services through a partnership with LPL Financial.
CBTC's leadership team is committed to upholding the bank's mission and values. The team includes:
- Mott Ford: Chairman and CEO, providing strategic direction and leadership.
- Miranda Moon: Vice President and Director of Trust, overseeing trust services in Paris, TN.
- Elizabeth White: Vice President and Trust Officer, managing trust operations in Memphis, TN.
- Blake Taylor: Vice President and Trust Officer, responsible for trust services in Jackson, TN.
- Beverly Neighbors: LPL Program Manager, leading investment services.
- Michelle Conroy: LPL Financial Advisor, providing investment guidance.
CBTC operates in a competitive financial landscape, with key competitors including:
- First Citizens Bank: A North Carolina-based bank with a history of acquiring distressed banks, including Silicon Valley Bank.
- Commerce Bank & Trust Company: A Massachusetts-based bank with a focus on commercial banking services.
- CoreFirst Bank & Trust: A Kansas-based community bank offering a range of personal and commercial banking services.
CBTC has established strategic partnerships to enhance its service offerings:
- LPL Financial: Through this partnership, CBTC provides clients with access to comprehensive investment services, including wealth management, retirement planning, and estate planning.
CBTC's strategic opportunities include expanding its digital banking capabilities, enhancing customer engagement through personalized services, and exploring new markets within Tennessee. By leveraging its strong community relationships and financial stability, CBTC is well-positioned to achieve its future objectives and continue its legacy of service excellence.
For more information, visit CBTC's official website.
Note: Specific contact details such as email addresses and phone numbers have been omitted to maintain privacy.
