In February of 1905, the city of Cullman boasted 1500 inhabitants, few sidewalks and not a single paved road. It was an exciting time for growth, and Improved Savings and Loan Association was born. The original signers were George J. Beyer, Dr. W.J. Cottingham, Al F. Richter, A.A. Griffith, and R.I. Burke.
For the first few years, the 55 members would gather every Saturday to invest a few dollars or pay on their loans from the association. But it was more than business. They would gather to discuss politics, local events, the weather, as well as business.
By 1968, Cullman has 15,000 inhabitants and was thriving. To keep pace with the progress, the Improved Savings and Loan Association decide to expand. After being housed in various locations, a new home was constructed on the corner of Second Street East and Fourth Avenue East.
Over the next few decades, Improved Savings and Loan became a staple in community banking and changed the name to First Federal Savings and Loan. In 1985, Finis St. John, IV was appointed Chairman of the Board. As the community continued to expand, First Federal served the community. In 1994, William R. Faulk was named President and CEO. His vision blazed the trail we are on today. In 2008, our current home was constructed on the corner of Second Ave Southwest and Fifth Street Southwest.
In 2011, First Federal changed its’ name to First Community Bank to reflect our passion for community growth and support. First Community Bank has been a part of Cullman’s continued growth from the very beginning. That is how we can say “Community is our middle name”.