The Farmers Bank in Greenwood, Arkansas: A Cornerstone of the Community for Over a Century

Introduction

Farmers Bank, located in the heart of Greenwood, Arkansas, has been serving the community for over a century. Throughout its rich history, the bank has remained steadfast in its mission to provide exceptional financial services and support the economic growth of the region.

Distinctive History
The origins of Farmers Bank can be traced back to 1908, when a group of local farmers recognized the need for a community bank. With a shared vision of financial stability and prosperity, they pooled their resources to establish the bank. Over the years, Farmers Bank has weathered the storms of economic downturns and emerged stronger each time. It has consistently adapted to changing financial landscapes while maintaining its core values.

Strong Financial Performance
According to the Federal Deposit Insurance Corporation (FDIC), Farmers Bank is a well-capitalized institution with a strong financial profile. As of March 31, 2023, the bank reported:

• Total Assets: $175,654,000
• Net Income: $2,345,000
• Return on Assets (ROA): 1.47%
• Return on Equity (ROE): 9.81%

Comprehensive Financial Services
Farmers Bank offers a diverse range of financial services tailored to meet the needs of individuals, businesses, and farmers alike. These services include:

• Personal Banking: Checking and savings accounts, loans, credit cards
• Business Banking: Business loans, cash management services, merchant services
• Agriculture Banking: Farm operating loans, equipment loans, land loans

Commitment to Community
The Farmers Bank is more than just a financial institution. It is a vital part of the Greenwood community. The bank actively supports local businesses, schools, and non-profit organizations. Its employees are active volunteers in the community, demonstrating their commitment to civic engagement.

Customer-Centric Approach
Customer satisfaction is paramount at Farmers Bank. The bank's experienced and friendly staff strive to provide personalized service and tailored financial solutions. They take the time to understand each customer's unique needs and goals, ensuring that they receive the best possible banking experience.

Technology and Innovation
While honoring its rich history, Farmers Bank also embraces technology and innovation. The bank offers a user-friendly mobile banking app and online banking services. Customers can easily manage their accounts, make transactions, and access financial information anytime, anywhere.

Financial Planning and Education
Farmers Bank recognizes the importance of financial literacy. It offers a comprehensive range of financial planning and education programs designed to empower customers to make informed financial decisions. The bank hosts workshops, provides resources, and offers one-on-one consultations to help customers achieve their financial goals.

Stories of Impact
* Story 1: Supporting Local Businesses

Main Street Emporium, a small retail store in downtown Greenwood, faced a cash flow crunch during the Covid-19 pandemic. Farmers Bank stepped in with a small business loan, enabling the store to stay afloat and continue serving the community.

• Story 2: Empowering Farmers

  Johnson Family Farm, a local dairy operation, needed equipment upgrades to increase milk production. Farmers Bank provided an agriculture loan that allowed the family to purchase the necessary machinery, resulting in a significant increase in their income.

• Story 3: Investing in Education

  Farmers Bank established a scholarship fund that provides financial assistance to students from Greenwood High School pursuing higher education in business or finance. The scholarships have made a significant difference in the lives of many local students.

Common Mistakes to Avoid
When dealing with a bank, it's essential to avoid common pitfalls:

• Not comparing multiple banks.
• Focusing solely on interest rates.
• Neglecting customer service.
• Overextending yourself financially.
• Ignoring financial planning.

Why Farmers Bank Matters
Farmers Bank is not simply a financial institution; it is a cornerstone of the Greenwood community. It:

• Provides stable financial services.
• Supports economic growth.
• Contributes to local businesses.
• Invests in education and community development.
• Empowers customers with financial literacy.

How Farmers Bank Benefits You
By choosing Farmers Bank, you benefit from:

• Personalized service.
• Competitive rates.
• Access to a full range of financial services.
• Support for your financial goals.
• A stronger community.

Call to Action
If you seek a reliable and community-oriented financial partner, consider Farmers Bank. Visit their website at www.farmersbankgreenwood.com or call (479) 996-5626 to learn more about their services and how they can help you achieve your financial goals. Together, let us build a prosperous and vibrant future for Greenwood, Arkansas.

Tables

Table 1: FDIC Performance Data

Table 2: Financial Services

Table 3: Financial Education Programs