More than 10,000 community and farmer state and regional banks have disappeared from the banking system in the last 20 years. Some have exited by being acquired and others through bank failure. The disapearing community and farmer bank should be of great concern to middle America.
Community banks provide traditional financial services to their local communities and focus on the relationship banking rather than transaction banking. These banks are critical to the growth and survival of the small businesses that rely on them for loans. This is especially true in rural America where farmers state banks and fsb lending subsidiaries are the economic engines that provide the credit to their local farming communities.
Amarillo National Bank:
With over $640 million in total farm loans on the books since the 2nd quarter of 2017, Amarillo National Bank has been marketing Personal Loans, Mortgage Loans and Home Equity Loans.
First Farmers Bank & Trust Company:
With over $620 million in total farm loans on the books since the 2nd quarter of 2017, First Farmers Bank & Trust Company offers Mortgage Loans, Credit Cards and Auto Loans.
American Bank & Trust:
With over $609 million in total farm loans on the books since the 2nd quarter of 2017, American Bank & Trust offers Home Loans, Home Equity Products, Auto & Specialized Vehicle Loans, Student Loans, Consumer Loans & Consumer Credit Cards.
With over $603 million in total farm loans on the books since the 2nd quarter of 2017, the bank has aggressively been marketing the The Arvest Bank Balance Eraser Loan Program.
With over $589 million in total farm loans on the books since the 2nd quarter of 2017, Cornerstone Bank offers home equity loans consumer loans and unsecured personal loans.
Farmers State Bank:
Started in 1900 with $5,000, the Farmers State Bank and FSB Lending has grown to over $60 million in assets. FSB Lending offers personal loans, auto loans, motorcycle loans, recreation vehicle and boat loans, and unsecured loans.