Union Springs-based bank acquired by LS Investor Group

Community Bank & Trust has changed its name to LifeSteps Bank & Trust

Union Springs-based Community Bank & Trust was acquired earlier this year by LS Investor Group LLC. The bank has now been rebranded as LifeSteps Bank & Trust.

LS Investor Group, led by Henry Ford, Hill Womble and Adam Russell, also plans to add fully integrated wealth management and advisory services to the bank in the near future, subject to regulatory approval.

Henry Ford.

“We are pleased with the acquisition of the bank and are extremely excited to get to work implementing LifeSteps Bank’s approach to providing a high-level personal touch for our clients in both banking and financial planning,” said Henry Ford, chairman of LifeSteps Bank & Trust.

Hill Womble, LifeSteps Bank CEO, added, “What excites me most about this unique opportunity is the chemistry and cohesiveness of the executive team, including the board of directors. Every member of the team brings skill sets that are proven to be highly successful, making high performance an assumed result. We enjoy what we do and are in alignment with the goal and desired outcome. We care. For me, this is a differentiator.”

Hill Womble.

The company’s executive team includes Dana Potts, executive vice president/CFO/COO; John Johnson, president and chief credit officer; and Adam Russell, founder of the bank and Western Region director.

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Now that the acquisition is complete, the bank will be implementing new and updated banking systems, with future plans for entering the Huntsville market and delivering wealth management strategies in late 2024.

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