In early 1998, a group of local investors began a series of meetings to determine the need for a locally owned community bank. Once the determination was made, investors in July of 1998 pooled their resources and began the bank chartering application process with both the State of Florida and the FDIC (Federal Deposit Insurance Corporation). In November of that same year, the applications were approved but subject to certain capital requirements. Over the next several months, over $4.5 million in capital was raised and Madison County Community Bank (MCCB) opened for business on May 6, 1999.
MCCB opened their doors on 53 South in a modular facility but within a few years, due to the bank’s growth, began searching for property where a more permanent building could be constructed. In May 2005, the bank purchased their existing property and began developing building plans. In July of 2007, MCCB opened their current facility at 301 E Base Street in Madison.
The Citizens of Madison County have been very supportive of MCCB over the last 15 years, which is evidenced by the bank’s continued growth. The bank’s assets have grown from $16.9 million in December of 1999 to $107.5 million in December of 2013 and MCCB would like to take this opportunity to thank Madison County for their trust and confidence.
Madison County Community Bank is the only locally owned bank in Madison County and the bank’s Board of Directors, Management and Staff are all local with decisions made locally. MCCB’s focus is Madison County, which is why you will see them involved in local activities; from supporting youth activities to civic events. They are also heavily involved in charitable causes such as The United Way and Relay for Life and provide educational scholarships to deserving Madison County students through the Madison County Excellence in Education Foundation and the NFCC (North Florida Community College) Foundation.
From Main Street to Wall Street to Your Street, MCCB offers all the modern products and services coupled with outstanding personal service. Consumer, Business, Residential and Agricultural loans, they have a loan that can be tailored to fit your needs. If you’re thinking of investing, they offer a variety of deposit products, from saving and money market accounts to CD’s. In addition, they have a Brokerage Department that offers all of the products and services normally associated with national firms, but with the convenience of being here in your community.
Madison County Community Bank considers it an honor and privilege to be your bank and to demonstrate their motto:
People You Know. A Bank You Can Trust.