Altrust Financial Services Inc (ATFS.OB)

Altrust Financial Services, Inc. operates as the bank holding company for Peoples Bank of North Alabama that provides retail and commercial banking services to individuals and small to medium-sized owner-operated businesses in north Alabama. It offers various deposit instruments, including demand deposit accounts, checking accounts, savings, money market deposit, term certificate accounts, and individual retirement accounts. The bank’s lending portfolio comprises secured and unsecured consumer loans, and commercial loans to its business customers. It offers one- to four-family, owner-occupied, and residential mortgage loans secured by property; and construction lending that involves loans to borrowers for construction of one- to four-family residential properties and for commercial properties. The bank’s commercial loans primarily consist of permanent loans secured by small office buildings, apartment buildings, churches, shopping centers, and convenience stores. Its consumer loans consist of savings account loans, personal secured and unsecured loans, automobile loans, watercraft loans, recreational vehicle loans, and home improvement loans. The bank provides its services in the areas of Blount, Cullman, Marshall, Walker, and Morgan Counties, Alabama, as well as the northern portion of Jefferson County, Alabama. It offers its services through its main office in Cullman, Alabama, and 26 branch offices. Altrust Financial Services, formerly known as Cullman Bancshares, Inc., was founded in 1977 and changed its name to Altrust Financial Services, Inc. in 1996. The company is headquartered in Cullman, Alabama.