Teays Valley latest location for Farmers Bank expansion
New Full Service Banking Facility to be Led by Longtime Putnam Banker
POMEROY – Today Farmers Bancshares, Inc., the parent company of Farmers Bank and Savings Company, headquartered in Pomeroy, Ohio, announced plans to expand operations into the Teays Valley area of Putnam County, WV, with the construction of close to a $4 million financial center on State Route 34 between Scott Depot and Hurricane. Farmers Bank also announced it had tapped veteran Putnam County banker Roy Hamilton to head up the full-service branch, which will employ five to nine associates and offer traditional commercial and consumer banking products.
“The expansion of our footprint to Putnam County is an indication of Farmers Bank’s confidence in the future of community banking and long-term prosperity of the greater Teays Valley area,” said Paul Reed, President and CEO of Farmers Bank. “We are pleased to launch this market expansion with this new team that brings great experience in financial services and a great understanding of the Putnam County community. Roy Hamilton is very well respected in the community and we are more than excited to have him serving our customers and taking a leadership role at our newest banking facility,” Reed added.
“I am extremely pleased to be a part of the Farmers Bank family,” commented Hamilton. “Farmers Bank takes great pride, not only in offering exceptional banking services, but in investing in their communities. For over 100 years Farmers Bank has been getting involved in things that are important to their communities and we look forward to being that kind of active partner here in Putnam County.”
The $275 million dollar bank, which was established in 1904 and currently operates six banking centers in Ohio and West Virginia, will build a new facility over 10,000 square feet in what Farmers Bank President and CEO Reed termed a “marquee location.” Adjacent from the Woodclyffe Chase subdivision on State Route 34 at 3582 Teays Valley Road, the financial center will include a full-service bank branch with a drive-thru, ample customer parking, and will feature a 2,500 square foot community room that will be available for use by community groups and local organizations.
In addition, Farmers Bank has hired two banking associates who will join Hamilton in a temporary banking office at 65 Chase Drive, in Hurricane, where customers can open accounts or apply for loans at this time. “All the members of our new team have extensive banking experience and longstanding relationships with Teays Valley customers,” Hamilton said. “While we are just getting started, this strong group of experienced bankers is ready now to deliver our brand of community banking to customers.” Hamilton and his team can be contacted by telephone at 304-760-0929 to set up personal appointments.
The bank anticipates the new financial center will be open by the end of the year or early 2018, depending on factors including permitting, weather and the construction timeline.
About Farmers Bank and Savings Company
Farmers Bancshares, Inc. is a growing community-based bank holding company headquartered in Pomeroy, Ohio, and is the sole shareholder of Farmers Bank and Savings Company, a bank that specializes in delivery of exemplary customer service to customers in the communities it serves. Farmers Bank and Savings Company has assets of approximately $275 million and operates six full-service banking centers in Pomeroy, Tuppers Plains, and Gallipolis, Ohio, and West Virginia locations in Point Pleasant and Mason. Established in 1904, Farmers Bank remains a locally owned and operated community bank, providing a full range of commercial and consumer banking and investment products. For additional information, visit: www.fbsc.com.
