Question 1

What is The Farmers Bank and Savings Company?

Accepted Answer

The Farmers Bank and Savings Company is a community-focused commercial state bank headquartered in Pomeroy, Ohio. With approximately $461 million in total assets and 9 offices, the bank serves customers throughout southeastern Ohio and parts of West Virginia. As the oldest independently owned financial institution in Meigs County, The Farmers Bank and Savings Company operates as a subsidiary of Farmers Bancshares, Inc., a one-bank holding company formed in 1985.

The bank specializes in traditional community banking services with a strong emphasis on personalized customer relationships and local community support.

Question 2

When was The Farmers Bank and Savings Company founded?

Accepted Answer

The Farmers Bank and Savings Company was chartered as The Farmers Bank and Trust Company on August 6, 1904, by the Superintendent of Banks of the State of Ohio. The bank was organized on Court Street in Pomeroy and officially opened to the public for business on December 4, 1904.

In 1921, the bank changed its name from The Farmers Bank and Trust Company to The Farmers Bank and Savings Company, replacing the word "Trust" with "Savings." The bank experienced steady growth from its inception, reaching its first million dollars in deposits in 1943.

On August 30, 1985, a one-bank holding company was formed known as Farmers Bancshares, Inc., which continues to serve as the parent organization for the bank.

Question 3

Where is The Farmers Bank and Savings Company headquartered?

Accepted Answer

The Farmers Bank and Savings Company is headquartered in Pomeroy, Ohio, located in Meigs County. The bank's corporate headquarters is located at 211 West Second Street, Pomeroy, Ohio 45769.

The bank moved to its original location at 211 West Second Street on April 1, 1969, after construction of a new facility. In 2012, when a new retail banking building opened at 640 East Main Street in Pomeroy, the 211 West Second Street location was renovated to house the bank's Corporate Headquarters and Operations Support Center.

Question 4

Where does The Farmers Bank and Savings Company operate?

Accepted Answer

The Farmers Bank and Savings Company operates primarily throughout the Ohio Valley region, serving communities in southeastern Ohio and parts of West Virginia. The bank has 9 domestic offices across this region.

In Ohio, the bank serves Meigs County (including Pomeroy and Tuppers Plains) and Gallia County (including Gallipolis). The bank expanded into West Virginia with branch openings in Mason (2003), Point Pleasant (2006), and Teays Valley in Putnam County (2018).

The bank's first branch expansion occurred in May 1987 when it acquired the Tuppers Plains Branch from BankOne. The bank has continued strategic growth, maintaining its commitment to serving rural and small-town communities throughout the Ohio Valley.

Question 5

What services does The Farmers Bank and Savings Company offer?

Accepted Answer

The Farmers Bank and Savings Company offers a comprehensive range of personal and business banking services. Personal banking services include checking accounts, savings accounts, certificates of deposit (CDs), and individual retirement accounts (IRAs).

The bank provides lending services including personal loans, home mortgages, home improvement loans, auto loans, home equity lines of credit, and commercial real estate financing. Business banking services include commercial loans, equipment financing, and business deposit accounts.

Digital banking services include free online banking with real-time transaction viewing, eStatements, online bill pay, and mobile banking apps for iOS and Android devices. The mobile app features mobile check deposit, account transfers, balance inquiries, and SPIN person-to-person payments. The bank also operates over 20 ATMs throughout its service area to provide convenient 24/7 access for customers.

Question 6

What makes The Farmers Bank and Savings Company unique?

Accepted Answer

The Farmers Bank and Savings Company distinguishes itself as the oldest independently owned financial institution in Meigs County, maintaining its independence for over 120 years. The bank's commitment to community involvement extends beyond traditional banking services, with employees actively participating in community service and charitable giving initiatives.

The bank emphasizes personalized customer relationships and maintains a strong local presence with community rooms available at some branch locations for civic, business, and individual groups. Several branches feature spacious community rooms that are available for public use, reinforcing the bank's "Where Community Matters" mission.

Despite serving smaller rural markets, the bank has successfully expanded its geographic footprint through strategic, measured growth while maintaining its community banking focus. The bank's longevity and continued independence in an era of widespread banking consolidation demonstrates its strong financial management and commitment to its local markets.

Question 7

What type of financial institution is The Farmers Bank and Savings Company?

Accepted Answer

The Farmers Bank and Savings Company is a state-chartered commercial bank regulated by the Federal Deposit Insurance Corporation (FDIC). As a state bank, it operates under Ohio state banking laws and FDIC supervision.

The bank is classified as a community bank, focusing on relationship-based banking services for individuals and small businesses in its local markets. It operates as the banking subsidiary of Farmers Bancshares, Inc., a one-bank holding company. The bank is not a member of the Federal Reserve System and does not exercise fiduciary powers. With assets of approximately $461 million, it falls into the community bank category, specializing in serving the needs of smaller communities throughout southeastern Ohio and parts of West Virginia.

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About The Farmers Bank and Savings Company in the United States