In the summer of 1986, a group of Virginia bankers led the effort to establish a client owned correspondent bank that was not a competitor for their customers. That effort led to the formation and opening of Virginia Bankers’ Bank in January 1987. It was the 11th bankers’ bank organized in the United States. In 1996, the bank expanded its market to include financial institutions in the Fifth Federal Reserve District (Virginia, Maryland, North Carolina, South Carolina, the District of Columbia, and most of West Virginia). To better reflect the footprint enlargement, the name was changed to Community Bankers’ Bank (“CBB”), and today CBB remains the only bankers’ bank headquartered in the Fifth Federal Reserve District.
Community Bankers’ Bank was organized to do business exclusively with community financial institutions. Our strategic plan and our mission statement dictate that we exist solely for the purpose of supporting and facilitating the success of our clients and shareholders. Community Bankers’ Bank is a correspondent bank owned and directed by community banks. For 25 years, we have been a correspondent partner that can be relied upon in good times and bad, never competing for clients’ customers.
Community Bankers’ Bank is part of a network of 16 bankers’ banks currently serving more than 6,000 community banks in 50 states by providing a comprehensive mix of wholesale correspondent services. Bankers’ banks are organized to support, inform, influence, and protect community banking. They help community banks manage their non-interest expenses and gain operational efficiencies and economies of scale on services such as cash letter, wires, ACH, safekeeping, and more.