Question 1

What is Farmers National Bank of Lebanon?

Accepted Answer

Farmers National Bank of Lebanon is a locally owned community bank serving Marion County and the surrounding areas of central Kentucky. With approximately $144 million in assets, the bank operates two full-service banking locations in Lebanon, Kentucky. Founded in 1890, the institution has maintained its commitment to personalized banking services while embracing modern technology to meet customer needs.

The bank specializes in commercial lending and offers a comprehensive range of personal and business banking services. As an independent community bank regulated by the Office of the Comptroller of the Currency (OCC), Farmers National Bank of Lebanon maintains strong capital ratios and has demonstrated consistent financial performance throughout its history.

Question 2

When was Farmers National Bank of Lebanon founded?

Accepted Answer

Farmers National Bank of Lebanon was founded on February 6, 1890, when T.S. Edelen and several other prominent Marion County citizens recognized the need for an additional banking institution in the area. The bank officially opened its doors for business on April 1, 1890, with an initial capital of $50,000.

The founders established the bank to support the agricultural and business communities in Lebanon and Marion County. Within less than one month of opening, the bank had accumulated $26,000 in deposits and $22,000 in loans, demonstrating immediate community trust and need for its services.

Throughout its 135-year history, the bank has remained resilient through economic challenges, including the Great Depression of 1929 when it remained sound while many banks across the country were closing their doors.

Question 3

Where is Farmers National Bank of Lebanon headquartered?

Accepted Answer

Farmers National Bank of Lebanon is headquartered at 136 West Main Street in Lebanon, Kentucky. The main office is located in downtown Lebanon in Marion County.

The bank has occupied various locations throughout its history. Initially housed in rented quarters on Main Street, the bank purchased its property in 1917. In 1966, the institution moved into a new colonial-style building that became an architectural landmark in the community.

Question 4

Where does Farmers National Bank of Lebanon operate?

Accepted Answer

Farmers National Bank of Lebanon operates exclusively in Marion County, Kentucky, serving the city of Lebanon and surrounding communities. The bank maintains two full-service banking locations:
• Main Office: 136 West Main Street, Lebanon, KY 40033
• Branch Office: 2160 Campbellsville Highway, Lebanon, KY 40033 (located in the Walmart shopping center)

The Campbellsville Highway branch opened in December 2012, replacing a smaller branch location on West Main Street. With its focused geographic footprint, the bank concentrates on serving the local community with personalized attention and deep knowledge of the area's economic landscape.

Question 5

What services does Farmers National Bank of Lebanon offer?

Accepted Answer

Farmers National Bank of Lebanon provides comprehensive banking services for both individuals and businesses. Personal banking services include checking accounts, savings accounts, consumer loans, mortgage lending, credit cards, and payment solutions. The bank has particular strength in mortgage services, with customers praising the streamlined home loan process.

Business banking services encompass business checking and savings accounts, commercial loans, treasury management services, card processing solutions, and specialized lending programs. The bank has a commercial lending specialization and offers financing for agriculture, equine operations, and investment properties.

Digital banking capabilities allow customers to manage their finances online from computers, tablets, or smartphones. The bank offers a mobile banking app available for both iOS and Android devices, featuring account balance viewing, transaction history, fund transfers, bill payment, debit card management, and remote deposit capture. Customers can also access online banking platforms for both personal and business accounts.

Additional services include wire transfers, investment services, financial wellness resources, and personalized lending advice. The bank emphasizes personal relationships, with staff who know customers by name and provide straightforward financial guidance.

Question 6

What makes Farmers National Bank of Lebanon unique?

Accepted Answer

Farmers National Bank of Lebanon distinguishes itself through its unwavering commitment to community banking and personalized service. With 135 years of continuous operation, the bank has built deep roots in Marion County and maintains local ownership, local management, and local control. This independence allows the bank to make lending decisions quickly and with an understanding of local economic conditions.

The institution's longevity is particularly remarkable. The bank demonstrated exceptional resilience during the Great Depression, remaining sound while many banks nationwide failed. This financial stability has continued into the modern era, with the bank maintaining strong capital ratios including a Tier 1 Leverage Ratio of 11.55%.

The bank has earned recognition in its community, winning multiple awards in 2024 including Best Bank, Best Checking/Savings, Best Loans/Lending, Best Mortgages, and Best Place to Work in Marion County. Customer testimonials consistently highlight the bank's straightforward advice, personalized attention, and commitment to helping clients achieve their financial goals.

Despite its traditional values, Farmers National Bank of Lebanon embraces modern technology, offering comprehensive digital banking solutions while maintaining the personal touch of a community institution. This combination of high-tech banking with personalized service reflects the bank's motto as "Your Lifetime Bank."

Question 7

What type of financial institution is Farmers National Bank of Lebanon?

Accepted Answer

Farmers National Bank of Lebanon is a national bank chartered under federal law and regulated by the Office of the Comptroller of the Currency (OCC). As a national bank, it operates under a federal charter and is subject to federal banking regulations.

The bank is also classified as a commercial bank with a commercial lending specialization, indicating its focus on providing business loans and services alongside traditional retail banking products. It is a member of the Federal Reserve System and carries FDIC insurance, providing depositors with federal deposit insurance protection.

The bank operates as a subsidiary of Lebanon Bancshares Inc., a bank holding company. However, it maintains its character as an independent community bank with local decision-making authority and a board of directors invested in the local community. With approximately 27 employees and fiduciary powers that it exercises, the bank serves as a full-service financial institution for Marion County residents and businesses.

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About Farmers National Bank of Lebanon in the United States