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Company Description (as filed with the SEC)
Community Bank Shares of Indiana, Inc. (the "Company") is a bank holding company headquartered in New Albany, Indiana. The Company's wholly-owned banking subsidiaries are Your Community Bank ("YCB") and The Scott County State Bank ("SCSB")(YCB and SCSB are at times collectively referred to as the "Banks"). The Banks are state-chartered commercial banks headquartered in New Albany, Indiana and Scottsburg, Indiana, respectively, and are both regulated by the Indiana Department of Financial Institutions and by the Federal Deposit Insurance Corporation ("FDIC"). YCB is also regulated by the Kentucky Department of Financial Institutions (with respect to its Kentucky branches) while SCSB is also regulated by the Federal Reserve. In addition, the Company wholly-owns a captive insurance company, CBIN Insurance, Inc. which issues policies to the Company's banking subsidiaries. YCB has three wholly-owned subsidiaries to manage its investment portfolio. CBSI Holdings, Inc. ... More ...