Bank History

Santa Maria has a long history of local banking, and that tradition continued with the opening of the Community Bank of Santa Maria on March 1, 2001. With banks growing larger in the 1990's, James D. Glines (Jim), a fifth generation Santa Marian and former Executive Vice President of Bank of Santa Maria, became concerned that the unique needs of Santa Maria residents and business were being overlooked by the growing multi-regional banks. Jim approached William A. Hares (Bill), former President of the Bank of Santa Maria, with the idea of forming a new bank, one whose sole purpose was to provide personal banking to the people of Santa Maria with the motto, "Service is not a sometime thing...it's an all the time thing."

Together they invited local residents to become board members. They selected people who are community leaders, individuals with integrity, character and a diversity of backgrounds. Local interest, understanding and concern for the community were essential. Five of the ten directors are graduates of the Santa Maria school system, and all have built their careers, businesses and families right here in the Santa Maria Valley. Jim and Bill both feel very fortunate to have a Board of Directors comprised of such active and distinguished Santa Marians.

Community Bank of Santa Maria is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2010, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.

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