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Branching out

Branching out

Farmers Bank & Trust moving into new Richmond Road site

January 20th, 2019 by Lori Dunn in Texarkana News

A sign from Farmers Bank & Trust sits on a trailer on Friday in Texarkana, Texas. The bank is moving to a new location effective Tuesday.

Photo by Hunt Mercier /Texarkana Gazette.

Farmers Bank & Trust is moving to a new location in the former Midsouth Bank on Richmond Road.

The move is an investment in the community and its people, said Texarkana Market President James Bramlett.

"Farmers Bank & Trust is excited to make another positive investment to grow our presence in the Texarkana community. We invite everyone to stop by our new location to visit and learn more about how we can help you with your financial needs," Bramlett said

Farmers is moving the current branch located at 3625 Richmond Road across the Richmond Road and Moores Lane intersection to the former Midsouth Bank building at 5600 Richmond Road. The new full-service branch at 5600 Richmond will be open to customers at 9 a.m. Tuesday.

The public is also invited to attend a Texarkana
Chamber of Commerce ribbon-cutting at 11:30 a.m. on March 21. A lunch open house will follow.

Farmers purchased the former Midsouth Bank building in 2018 to increase customer convenience and office space. Farmers also completed a full internal and external remodel of the building. The building will provide full teller accounts, loan services, safe deposit boxes, a drive-through with an ATM, and a coin machine in the lobby, said Rachel Schwartz Potter, vice president and marketing director.

The new building will also provide more space for customers, including a waiting area with couches and TVs, more office space and more parking space.

The management team for the new branch will include George Carpenter, senior vice president and loan officer, and Cala McCool, branch supervisor.

Farmers has been in Texarkana since March 2012 and now has four locations in Texarkana plus banks in New Boston and Hope.

"In seven years we have gone from seven employees to 75 employees in Texarkana," Bramlett said.

"There is a lot of excitement about the move and it being a permanent home," he said.

"When you lease space, there is not much permanency to it. We have been looking for a location where we could build something permanent. When this opened up, it was a great opportunity for a prime location on that corner with a facility already in place. The board of directors had the vision to make that happen quickly."

Farmers Bank & Trust was founded in 1906 and headquartered in Magnolia, Ark. The company now has more than 20 locations in Arkansas and Texas and about 1.4 billion in assets.

For more information, visit myfarmers.bank.

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