Community Financial Services Bank

Overview / Commentary
221 West Fifth Street
Benton, KY 42025

Community Financial Services Bank is headquartered in BENTON and is the 13th largest bank in the state of Kentucky. It is also the 757th largest bank in the nation. It was established in 1890 and as of March of 2023, it had grown to 251 employees at 8 locations. Community Financial Services Bank's savings rates are 4X the national average, and it has a B health rating.

Reviews (8)

Great People / Great Service

Posted by: |

CFSB has been our bank for years. We love the people and leadership. Not going anywhere:)

Great Experiece

Posted by: |

Pleasant and helpful people that value my business. If you want someone to do a transaction for you to save you the effort to do it yourself this is the bank for you, even will call you back and follow up.

Good Bank To Do Business With

Posted by: |

My wife and I have separate checking accounts and I have a CD with CFSB. Customer service, when I've needed it, has been very good. No problems, no complaints - I'd recommend them.

Awesome Bank!

I've had an account here for about two years and am pleased. This bank is strictly on-line for me. The checking and savings yields are fantastic (if you follow the protocols) as is the service if you need to speak with someone on the phone. If you are looking for yield and service with a decent web interface, I'd highly reccomend CFSB.

Field Of Accepted Membership Requirements

Posted by: |

Thank you for your interest in a Kasasa Cash account with Community Financial Services Bank (CFSB). We are currently accepting applications from residents of Kentucky, Illinois, Indiana, Missouri, and Tennessee. If you are moving to this area, we would love the chance to be your community bank! We will be happy to process an application if you already have property located in one the states listed above.
I rated 5 because the other guy did. I have no experience with this bank.

Community Financial Services Bank

Posted by: |

Easy to start a new account, great rewards checking interest 3%, and fantastic customer service. I've had this bank as my bank for the past 21 months, and they recently helped me with a chargeback, and that was all settled with a refund the next day.

Community Financial Services Bank - Good Experience

Posted by: |

I have opened a ‘CD Special’ with CFSB recently and would recommend giving them business. If you are in their market area and would like to hear of my smooth experience, you can find my post under DA’s archived bank deals blog dated 4.25.19.

Account Openings Have Eligibility Requirements

Posted by: |

Limited market area. See web site.


Health Grade Components

FDIC Certificate #287
Year Established1890
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.63%
Return on Equity - YTD9.06%
Annual Interest Income$14.8MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$1.39B$1.46B
LoansQ1 2023vs Q1 2022$952.5MM$936.0MM
DepositsQ1 2023vs Q1 2022$1.25B$1.32B
Equity CapitalQ1 2023vs Q1 2022$99.7MM$120.9MM
Loan Loss AllowanceQ1 2023vs Q1 2022$15.8MM$15.1MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$4.3MM$7.7MM
Real Estate OwnedQ1 2023vs Q1 2022$61.00K$22.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Community Financial Services Bank Savings Account Rates

2.19%*$250k*-Premier Advantage Savings
OTHER TIERS: 1.64% $50k - $249k
0.25%*$250k*-Community Savings
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $100k | 0.20% $100k - $250k

Community Financial Services Bank Checking Account Rates

0.25%*$250k*-Community Plus Checking
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $100k | 0.20% $100k - $250k

Community Financial Services Bank CD Rates

5.27%$1k-7 Month CD Special
5.17%$1k-17 Month CD Special

Community Financial Services Bank IRA Rates

5.44%$25-12 Month Variable IRA
5.27%$1k-7 Month IRA Special
5.17%$1k-17 Month IRA Special

Community Financial Services Bank Locations
Calloway County Banking Center Branch1721 North 12th StreetMurray, KY 42071
Draffenville Banking Center Branch23 Highway 68 WestBenton, KY 42025
Mccracken County Banking Center Branch3390 Park AvenuePaducah, KY 42001
Calvert City Banking Center Branch456 5th AvenueCalvert City, KY 42029
Community Financial Services Bank221 W 5th StBenton, KY 42025
Mccracken County Banking Center - So2550 Irvin Cobb DrivePaducah, KY 42003
Graves County Banking Center Branch100 Dick Castleman BypassMayfield, KY 42066
Calloway County Sycamore Banking Cen414 S 12th StreetMurray, KY 42071

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