The Bank of Vernon is headquartered in Vernon, Alabama. It was the first bank chartered by the newly formed Alabama Banking Department on November 11, 1911, and was among the first to receive a F.D.I.C. Certificate in 1933 with #51. It is an independently owned and operated community bank with C.D.F.I. & C.D.E. status. It operates multiple full-service branches serving a rural part of Northwest Alabama and Northeast Mississippi. The bank has assets exceeding $275 million in 2022 and maintains an emphasis on modern facilities and technology to better serve its customers.