At a glance
From its website, read 29 Oct 2026Bank of Vernon is a bank or thrift based in Vernon, Alabama. Its website describes auto loans, small-dollar emergency loans, equipment loans and 2 other loan types.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Main | (205) 695-7141 source |
|---|---|
| Website | www.bankofvernon.com |
| Office (official list) | Post Office Box 309, Vernon, AL 35592 |
What their website says about applying
Apply for your Bank of Vernon Visa® or MasterCard® credit card today.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 29 Oct 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Loans (general) | Rate stated, not as an APR: see their wording | Enjoy a competitive fixed interest rate of 14.88% | source |
| Auto / vehicle loans | Term: see their wording | For qualified autos, you can choose from terms up to 84 months. | source |
| Equipment loans | Term: up to 5 yr | We offer flexible repayment terms, including options up to 60 months | source |
| Personal / consumer loans | Term: see their wording | unsecured terms are available for up to 48 months. | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Bank or thrift |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 20 Jan 2026 |
| RSSD ID | 382537 |
| Address | Post Office Box 309, Vernon, AL 35592 Directions to the main office (Google Maps) |
| Website | www.bankofvernon.com |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 29 Oct 2026Read from 6 pages of the lender's website on 29 Oct 2026. Quotes are verbatim. Reviewed by a person (Oct 2026). Items added later were extracted with AI help and checked automatically against the pages listed below. Confidence: medium. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Auto / vehicle loans | — | Make the move! Get Approved Quickly with Our Auto Loans | source |
| Small-dollar / emergency loans | — | Small Dollar Loans: | source |
| Equipment loans | — | Equipment Business Equipment Loans: Powering Your Growth | source |
| Home mortgages | — | Locations Mortgage Solutions for Every Need | source |
| Personal / consumer loans | — | Finance Your Dreams Today At Bank of Vernon, we make it easier than ever to turn your financial goals into reality with our range of personal loan options. Whether you're looking to finance a boat or recreational vehicl… | source |
Loan sizes
No amounts stated on the pages we read.
Service area
Not stated on the pages we read.
Borrower focus
- Not stated on the pages we read.
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Pages read (6)
Questions to ask when you contact them
Based on what their website said when we read it on 29 Oct 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Do you lend where I live, or where my business is?
Their website does not say which area they serve. - What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What is the APR, including fees, on your auto loans and small-dollar emergency loans?
Their website states a rate, but not as an APR. The APR includes fees, so it is the number to compare. - Is there a minimum credit score, and do you consider borrowers with little or no credit history?
Their website does not say what credit history they accept. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - Do you offer down-payment help, and is a homebuyer education course required?
CDFI home loans often come with homebuyer education or down-payment help; their website does not say. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$10.7 million in 13 awards from the U.S. Treasury's CDFI Fund, 2013–2024 (Bank Enterprise Award Program; CDFI Equitable Recovery Program; CDFI Rapid Response Program).
| Round year | Program | Amount |
|---|---|---|
| 2024 | Bank Enterprise Award Program | $280,369 |
| 2023 | Bank Enterprise Award Program | $437,350 |
| 2022 | CDFI Equitable Recovery Program | $6,197,097 |
| 2021 | Bank Enterprise Award Program | $170,699 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2020 | Bank Enterprise Award Program | $202,898 |
| 2019 | Bank Enterprise Award Program | $245,547 |
| 2018 | Bank Enterprise Award Program | $233,244 |
| 2017 | Bank Enterprise Award Program | $233,389 |
| 2016 | Bank Enterprise Award Program | $227,282 |
| 2015 | Bank Enterprise Award Program | $265,496 |
| 2014 | Bank Enterprise Award Program | $98,108 |
| 2013 | Bank Enterprise Award Program | $323,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Branches and size
FDIC, 30 Jun 2026On file with the FDIC as The Bank of Vernon (FDIC cert 51). Source: FDIC BankFind Suite (public data): total assets from the Call Report as of 30 Jun 2026; office list as of 30 Oct 2026, downloaded 3 Nov 2026.
| Total assets | $445.4 million (as of 30 Jun 2026) |
|---|---|
| Offices | 5 in 2 states (as of 30 Oct 2026) |
Offices by state and county (5)
Alabama (2 offices)
- Lamar County (2): 44825 Highway 17, Vernon 35592 (main office); 9435 Highway 18, Vernon 35592
Mississippi (3 offices)
- Lowndes County (3): 9715 Wolfe Rd, Caledonia 39740; 3561 Bluecutt Rd, Columbus 39705; 420 Alabama St, Columbus 39702
An office shows where the lender has a branch, not where it lends or whom it lends to.
What the regulator filing shows
Call Report, 30 Jun 2026Figures from the Call Report filed by The Bank of Vernon (RSSD 382537, FDIC cert 51). Source: FFIEC Central Data Repository, bulk Call Report data (public data), report date 30 Jun 2026; year-earlier figures from the 30 Jun 2025 report; downloaded 4 Nov 2026. Schedules RC-C Parts I and II, dollar amounts filed in thousands.
| Total loans and leases | $332.7 million (as of 30 Jun 2026, net of unearned income) |
|---|---|
| Change over the year | Up 19.3% from $278.8 million on 30 Jun 2025 |
| Total assets | $445.4 million (as of 30 Jun 2026) |
Loan mix (balances on 30 Jun 2026)
| Loan category | Balance | Share |
|---|---|---|
| Home mortgages (1-4 family, closed-end) | $72.7 million | 21.8% |
| Home equity lines of credit | $4.8 million | 1.5% |
| Commercial real estate, construction and multifamily | $97.9 million | 29.4% |
| Commercial and industrial (business) loans | $99.5 million | 29.9% |
| Farmland and farm production loans | $42.1 million | 12.7% |
| Consumer loans (credit cards, auto, other) | $12 million | 3.6% |
| All other loans and leases | $3.6 million | 1.1% |
Within consumer loans: auto loans $5.1 million, credit cards $1.4 million.
Small business loans (original amount $1 million or less, balances on 30 Jun 2026)
| Original loan amount | Secured by business property | Commercial and industrial |
|---|---|---|
| Up to $100,000 | 49 loans $2.5 million | 809 loans $26.3 million |
| $100,001 to $250,000 | 66 loans $8.7 million | 176 loans $19.8 million |
| $250,001 to $1 million | 107 loans $67.9 million | 123 loans $53.4 million |
| All small business loans | 222 loans $79.1 million | 1,108 loans $99.5 million |
Small farm loans (original amount $500,000 or less, balances on 30 Jun 2026)
| Original loan amount | Secured by farmland | Farm production |
|---|---|---|
| Up to $100,000 | 91 loans $3.6 million | 38 loans $1.7 million |
| $100,001 to $250,000 | 57 loans $7.1 million | 13 loans $1.6 million |
| $250,001 to $500,000 | 33 loans $8 million | 6 loans $2.1 million |
| All small farm loans | 181 loans $18.7 million | 57 loans $5.4 million |
Balances are loans outstanding on the report date, not loans made during the year, and they include loans the bank bought. Shares are of gross loans and leases. The change over the year includes loans gained through mergers or bought from others. A category with no balance does not mean the bank never makes that kind of loan; ask the bank.
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets (Call Report, 30 Jun 2026) | $445.4 million | Larger than 73% of the 26 other certified banks and bank holding companies in Alabama (median $229.8 million). |
| Loans as a share of assets | 75% | Median of the same 26 banks and bank holding companies: 54%. A higher share means more of its balance sheet is lent out. |
| Loans held, 30 Jun 2025 → 30 Jun 2026 | $278.8 million → $332.7 million (+19%) | Median change of 26 other certified banks and bank holding companies in Alabama: +6%. Rank by loans held among these 27: 7 → 5. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Call Report total assets | other certified banks and bank holding companies in Alabama | 26 | larger than 73% |
| Loans held then vs now | certified banks and bank holding companies in Alabama reporting both dates | 26 | rank 7 → 5 of 27 |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Assets and loans: FFIEC and NCUA Call Reports (see the loan-mix section).
Other certified CDFIs in Vernon and Alabama
- First Vernon Bancshares, Inc.Bank holding company · Vernon, ALAuto / vehicle loans, Small-dollar / emergency loans, Equipment loans, Home mortgages…Verified
- AOD Federal Credit UnionCredit union · Bynum, ALAgriculture / farm loans, Auto / vehicle loans, Home mortgages, Personal / consumer loans…Verified
- CNB Bancorp Inc.Bank holding company · Mobile, ALCommercial real estate loans, Equipment loans, Home mortgages, Personal / consumer loans…Verified
- Commercial Bancshares of Ozark, Inc.Bank holding company · Ozark, ALAuto / vehicle loans, Commercial real estate loans, Equipment loans, Home mortgages…Verified
- Commercial Bank of Ozark, TheBank or thrift · Ozark, ALAuto / vehicle loans, Commercial real estate loans, Equipment loans, Home mortgages…Verified
- Commonwealth National BankBank or thrift · Mobile, ALCommercial real estate loans, Equipment loans, Home mortgages, Personal / consumer loans…Verified
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