FARM-9612 5.5 8.5 135th Anniversary Booklet.indd
Transcription
FARM-9612 5.5 8.5 135th Anniversary Booklet.indd
FARM-9612 5.5 8.5 135th Anniversary Booklet.indd 1 12/30/13 3:26 PM History of Farmers National Bank Farmers National Bank has a long, deeprooted history as a financial institution. Since February 10, 1879, the bank has served customers in ways that have earned their trust and loyalty. It is the bank’s tradition to “build relationships” with its customers as they achieve their financial goals. Banking services and products include a wide array of choices. These include the traditional products of checking and savings accounts; personal and business loans; certificates of deposits and IRAs; internet banking; and mobile banking. Farmers National Bank has had a Trust Division since 1909. WealthSouth offers investment management services; trusts; estates; retirement; 401(k)s; ESOPs and private banking. Since 2001, Farmers National Bank has been offering brokerage and insurance services through FNB Investment Services and FNB Insurance Services. The bank’s management team and employees are community focused. The bank’s CRA Ratings for the past six examinations have either been rated satisfactory or outstanding. ** During the past year, Farmers National Bank and its employees participated and donated time, talents and money to 261 organizations, charities and civic groups. The bank currently has 11 banking locations within Boyle, Garrard, Lincoln and Mercer Counties of Kentucky. The bank’s tagline is “A Tradition Built on Relationships.” Farmers National Bank has had the same name since 1879 and maintains a seasoned management of staff members who reside within Anderson, Boyle, Fayette, Garrard, Lincoln, Marion, Mercer, Pulaski and Warren counties within the state of Kentucky. Farmers National Bank is the 11th oldest established bank within Kentucky out of 185 Banks*; the 30th Largest Bank in Asset Size within Kentucky out of 185 Banks* and the 29th Largest Bank in Total Deposits within Kentucky out of 185 Banks*. Financial decisions are made locally by directors and employees who live in these counties allowing for independence, a continued strong and long history of financial strength and financial stability for all of its communities while also assisting with keeping the local communities’ economies strong and vibrant. Farmers National Bank wants to be more than just your bank. We want to help you with all of your financial needs and establish a lasting personal relationship. Stop by one of our 11 locations, visit us thru the web at fnbky.com or call us and discover how you may become a part of our “Tradition Built on Relationships.” *Source: www.fdic.gov (September 2013), Federal Deposit Insurance Corporation **Source: www.ffiec.gov (September 2013), Federal Financial Institutions Examination Council 2 FARM-9612 5.5 8.5 135th Anniversary Booklet.indd 2 12/30/13 3:26 PM 1879 1879 Farmers National Bank opened in Danville, Kentucky with J. G. Cecil, serving as President and G. W. Welsh, Jr., cashier. The first board of directors consisted of J. G. Cecil, C. P. Cecil, G. W. Welsh, A. R. McKee, J. C. Caldwell, D. W. Jones, C. H. Rodes, Thomas McRoberts, J. K. Sumerall, Jr., J. W. Weatherfad and Nelson Wingate. 1883 Total assets of Farmers National Bank are $335,000. 1900 Farmers National Bank assets are listed at $551,648 and capital is $135,534. (Note: Farmers National Bank may be traced back in an unbroken history to the Branch Bank of Danville established in 1815. The Deposit Bank of Danville was incorporated March 20, 1851, listing capital at $50,000. The Deposit Bank changed its name to “Central Bank of Kentucky” in 1854, (increasing its stock to $100,000). Through reorganization in 1865 it became the Central National Bank, again reorganized in 1885 as the Boyle National Bank and in 1909 as the Boyle State Bank and Trust Company. 1909 As trusts and investment banking expanded throughout the country, the Boyle National Bank was reorganized as the Boyle State Bank and Trust Company, with I. T. Lanier, as its president. The Farmers National Bank very soon also organized as a subsidiary concern of the bank, a trust division. This new sort of organization enabled bankers to invest depositors’ money in speculative activities. 1920 Boyle State Bank invested $50,000 in a new bank building. 1930 Despite the depression years, Farmers National Bank and Boyle State Bank were able to pay semiannual dividends as high as seven percent all through the 1930s. 1937 Farmers National Bank builds new bank building at a cost of $100,000. 1937 3 FARM-9612 5.5 8.5 135th Anniversary Booklet.indd 3 12/30/13 3:26 PM 1943 1943 Boyle State Bank and Trust is acquired by Farmers National Bank. 1950 1959 Farmers National Bank’s building is enlarged and remodeled, at a cost of $100,000. Farmers National Bank provides Danvillians with their first drive-in banking facility located on Walnut Street (Walnut Street Branch). Cost of new addition is $75,000. Officers are: M. C. Minor, President; H. L. Guthrie, Vice President and Trust Officer; and Maurice E. Wilson, cashier. The directors of the bank are: J. Clemens Caldwell, W. P. Caldwell, Joe G. Davis, C. E. Edmiston, H. L. Guthrie, S. A. Hill, J. W. Irvine, Pierce Lively, M. C. Minor, J. Lee Murphy, Lewis N. Neale, Jr., J. B. Nichols, Jr., J. H. Robinson, English Sullivan and D. K. Albright. 1965 Farmers National Bank’s assets are $8,000,000. 1967 Robert L. Shoulty is employed as eighth President of Farmers National Bank. Mr. Shoulty was the bank’s President from 1967 until 1979. Under his leadership, the bank grew from $11 million in assets to $39 million. (Special Note: He passed away in August 2005, after management and bank employees celebrated his 100th birthday in April of 2005.) 1978 1979 Main office renovation of Farmers National Bank is completed at 304 West Main Street. An automated 24-hour teller machine is installed at the main office of the bank. Assets are listed at $37,169,000; capital $2,575,000 and book value of bank stock is $128.75. The bank has 46 full-time employees. Farmers National Bank assets are $39,131,000 and total capital or shareholders’ equity is listed at $3,007,000. On February 10, 1979, the bank celebrates 100th anniversary. Approximately 300 friends and customers attend day-long open house. 1979 4 FARM-9612 5.5 8.5 135th Anniversary Booklet.indd 4 12/30/13 3:26 PM 1980 1980 1981 Nelson D. Rodes, Jr. is employed on January 1, 1980, as the bank’s ninth President. The bank purchases an adjoining parcel of real estate to allow for improved traffic access at Walnut Street Branch. Total Assets are listed at $45,920,000 and capital is listed at $3,329,000. Expansion and remodeling of Walnut Street Branch is completed. An additional drive-in lane, new roof and glass-enclosed front are added. New curving, attractive landscaping and a time/temperature sign for the community is added. To provide for future space for the bank’s bookkeeping and proof departments, the bank purchased the building located on West Main Street, adjoining the main banking office, on its west margin. Front of newly purchased building is rented as a retail store and bank will complete remodeling the rear of building for bookkeeping and proof departments. 1983 At a special meeting of shareholders on April 26, stockholders voted for the merger of Farmers National Bank with a newly formed subsidiary, Boyle Bancorp, Inc. (a holding company). As a result of this merger, shareholders of the bank received for their bank shares an equal number of shares of Boyle Bancorp, Inc. stock. New products introduced for the first time included interest-bearing checking accounts (NOW accounts), retail repurchase agreements (REPOs), and tax-free certificate of deposits (All Savers Certificates). Also, bank is aggressively marketing new IRA accounts for which all persons with earned income are eligible beginning January 1, 1982. 1984 Farmers National Bank and Boyle Bancorp list assets at $76,686,000 and capital at $5,968,000. Assets are listed at $54,427,000 and total capital is listed at $3,770,000. 1985 1986 Farmers National Bank completes enlargement of Danville Square Branch, providing two additional teller lanes as well as a canopy covering the auto transaction area. Total assets of bank $86,936,000. Farmers National Bank opens new fullservice branch facility (Perryville Branch) in the Perryville community of Boyle County, on December 15, 1986. Total assets of bank are listed at $101,268,000. 1986 5 FARM-9612 5.5 8.5 135th Anniversary Booklet.indd 5 12/30/13 3:26 PM 1988 1988 1989 For the first time in the history of Farmers National Bank, the capital of the bank exceeded $10,000,000, ending the year at $10,489,000. Also, during the year, the bank’s holding company repurchased from shareholders 470 shares of capital stock at a price of $300 per share. These repurchases were pursuant to a policy of the holding company Board of Directors to provide a market for the corporation’s stock in excess of book value and to acquire treasury stock for any future needed corporate purposes. Farmers National Bank celebrates its 110th Anniversary on February 10, 1989, with an open house for bank customers. In the management report letter to the stockholders, the growth of Farmers National Bank is listed for the past decade, as follows: Total assets increased from $39,131,000 to $116,315,000, an increase of 197.24 percent. The capital account of the corporation increased from $3,017,000 to $11,784,000, an increase of 290.59 percent. Net income increased from $329,000 to $1,731,000, an increase of 426.14 percent and dividends paid to shareholders increased from $2.00 to $10.00 per share, an increase of 400%. The book value of the corporation’s capital stock increased from $75.43 to $300.08 per share. 1990 Farmers National Bank acquires Citizens Bank and Trust Company of Burgin, Kentucky, as a second banking subsidiary, on November 30, 1990. This was a cash transaction for the sum of $2,438,262. The book value of the stock acquired was $2,116,497. With this latest acquisition, Farmers National Bank becomes a multi bank holding company. Citizens Bank and Trust Company will be called the Burgin Branch of Farmers National Bank. Also, during this same month, a new full service banking facility was opened on South Fourth Street, and will be known as the South Danville Branch of Farmers National Bank. An open house was held on December 2, 1990, and was enthusiastically attended by more than 700 guests of the bank. Also, remodeling started 1990 cont... on the building located at 308 West Main Street that will connect to the main bank to provide much needed additional space for banking facilities downtown. The front of the building is restored to the Victorian architectural style in keeping with the downtown restoration efforts encouraged by the Heart of Danville organization and the Kentucky Heritage Commission. At year-end total assets were $140,663,000 and net income was $1,853,000. Dividends paid to shareholders were listed at $12.00 per share. Book value of bank stock is listed at $335.33. 1990 6 FARM-9612 5.5 8.5 135th Anniversary Booklet.indd 6 12/30/13 3:26 PM 1993 1993 1994 Assets are listed at $172,089. Book value of stock is listed at $488.39. Farmers National Bank receives regulatory approval to construct a new full service facility at the intersection of U.S. Highway 127 and Legion Drive in Harrodsburg. This branch will be called the Harrodsburg Branch. In order to expand the bank’s main office in Danville, bank officials purchased the former Masonic Lodge building which adjoins the main office of the bank on South Third Street. After consultations with the Heart of Danville Association and the Kentucky Heritage Commission, the bank’s project manager and architect, the decision was made to completely restore the existing structure and convert to banking use. The bank will move all lending function and Trust Department into the new expansion. 1995 July 1, 1995, Louis Prichard assumes the office of President and Chief Executive Officer of Farmers National Bank. Mr. Prichard becomes the 10th President in the history of the bank. The bank opens the new full service banking facility in Harrodsburg, (Harrodsburg Branch) in September 1995. Assets of the bank are listed at $192,154,000. 1996 At the bank’s annual meeting in April, 150 stockholders of Farmers National Bank attend a luncheon and tour the expansion and renovation of the main banking facility. Work is underway to add an additional driveup lane and automatic teller machine at the Greenleaf Shopping Center office (Greenleaf Branch). With the completion of this project, Farmers National Bank now has four fullservice branch offices, two each in Boyle and Mercer Counties, and three additional drive-up offices in Boyle County to complement the main office location in Danville. Total assets of bank are listed at $203,441,000. Assets are listed as $186,453,000. Bank reports 25 for 1 stock split. 1996 7 FARM-9612 5.5 8.5 135th Anniversary Booklet.indd 7 12/30/13 3:26 PM 1997 1997 1997 cont... Freedom account (packaged checking accounts). In the trust division, Cornerstone Investment Management Account and PrimeVest are introduced. Nelson D. Rodes, Jr., Chairman of Board and employed by Farmers National Bank since 1980, retires on June 30, 1997. (Special Note: In the Renovations are completed at Greenleaf Branch, South Danville Branch and Danville Square Branch. New ATMs are added at Perryville Branch, Greenleaf Branch and Burgin Branch. 1997 Letter to Stockholders the following excerpt was taken: “Our asset and earnings growth over the past seventeen years reflects Nelson‘s able leadership. The banking industry as a whole encountered a great deal of change over those years, and thanks to Nelson’s outstanding abilities we have dealt with those changes successfully. Your company is a strong, secure independent bank, and it enjoys a fine reputation not only in our market area, but throughout the state. Much of this is due to Nelson’s leadership for which we are extremely appreciative.”) During 1997, the bank 1998 Farmers National Bank completes remodeling work at Danville Square Branch and Walnut Street Branch. Assets are listed over $222,000,000. reached record highs in both assets and net income. Additionally, the book value per share and the dividends paid to shareholders reached new highs. At year end, total assets were $218,581,000, net income was $3,620,000. Shareholder’s equity increased to $27,370,000. The book value of bank stock is listed at $27.71. Farmers National Bank received regulatory approval from the Office of the Comptroller of the Currency to open a new branch at Daniel Drive and Southtown Drive, off the Danville By-Pass. This new branch will be called the Southtown Express and will be a seven-lane drive-up facility. Robert H. Webb, Senior Vice President & Chief Operating Officer retires on August 31, 1997. Mr. Webb had been employed with the bank since 1957. In a press release, Louis Prichard, President and CEO of the bank, stated, “The Southtown Express facility is being built to accommodate more easily those customers who wish to perform quick transactions such as cashing a check, or making a deposit. Additionally, we believe this will offer relief to those people who use our South Danville Office on Hustonville Road and find it difficult to deal with the heavy traffic issues at that site.” New products introduced included: Business Manager Program, Internet Marketing on the World Wide Web, Fixed and Adjusted Rate Mortgages, Credit Life Insurance and FNB “CheckCard” (debit/ ATM card). Automated clearinghouse and electronic operations are growing significantly at the bank. The bank introduces a Foundation Account and a 1998 8 FARM-9612 5.5 8.5 135th Anniversary Booklet.indd 8 12/30/13 3:26 PM 1999 1999 2000 Southtown Express opens at 224 Southtown Drive, on January 26 while the entire banking organization celebrates the bank’s 120th Anniversary on February 10. Approximately 150 women from Boyle, Garrard, Lincoln and Mercer counties attend the 4th Annual “Women’s Day” entitled “MoneySmart Women” in the bank’s ballroom downtown. Farmers National Bank and its employees commit to the America’s Promise Campaign formed by General Colin Powell, to assist the country in pointing a child in the right direction. New and updated “Express” banking signs are added at Walnut Street Express, Greenleaf Express and Danville Square Express to reflect “Express Banking”. The bank’s management and staff gear up with training and plans for the Year 2000 date change. Bank assets at year-end are listed at $249,009,000. While the news media was full of reports that the national economy is definitely slowing down with a chance of a recession, the management of Farmers National Bank moved forward to implement the bank’s strategic plans for the future. In May of 2000, the Junction City Express opened at 101 Shelby Junction Lane. Technology continued to become very important to the bank, its staff and customers and Internet Banking was introduced in midyear. At year-end 2000, Farmers National Bank had banking locations in Boyle and Mercer counties with customers accessing banking services at any of 14 ATM machines within the two counties. Telebanc (a telephone banking service) was another successful choice customers selected in order to have 24-hour-aday, 7 days-a-week communications with their bank. Total assets were posted at $256,562,000, net income was $4,158,000 and stockholder’s equity was listed at $33,315,000. 2001 Two major factors contributed to a highly unusual year. First, the devastating events of September 11, 2001 had a life changing impact on the entire country. Those events will change how we view our personal lives, our business lives and most assuredly how we view our country’s place relative to the rest of the world. In addition, the recession that existed during that year had a significant influence on the banking 2001 9 FARM-9612 5.5 8.5 135th Anniversary Booklet.indd 9 12/30/13 3:26 PM 2001 2002 cont... facility will be called East Main Express. During this year, it was also determined that the Walnut Street Branch, the oldest branch, was not large enough to continue to satisfy the sizable number of customers who rely on it. This location was torn down and the space was designated as much needed customer and employee parking for the bank. Additionally, it was determined that the South Danville Express was being over utilized as a transactional facility and under utilized as a full service location. Therefore plans were developed to build the new downtown branch of suitable size to accommodate a larger number of customers. The new East Main Express opened for business on October 28, 2002. In a very short period of time, it became one of the busiest branches. 2001 cont... world as well. The downturn, which began in early 2001, and the unprecedented, 11 Federal Reserve cuts in short term rates made 2001 truly a difficult year for most community banks. The drop in Federal Funds rate from 6.5 percent to 1.75 percent and the simultaneous 4.50 percent drop in the Prime Rate caught most off guard. In May of 2001, in keeping with the bank’s long-range strategic plan to create a full service investment brokerage operation, FNB Financial Services opened on Main Street, next door to the bank. At the end of that year, FNB Financial Services employed three full time employees. During the year of 2001, Boyle Bancorp, Inc. reached a record high in assets, equity, net income and dividends paid. At the close of business on December 31, 2001, the bank listed assets at $307,252,000. Much of this increase came in the new area of investments. Net income increased from $4,158,000 to $4,209,000, a 1.22% increase, while stockholder’s equity increased from 3.93% from $33,315,000 to $34,626,000. The stock’s book value was $36.84 per share at year-end, an increase of 6.59%. The dividend paid increased from $1.80 to $2.20, an increase of 22 percent. Also, in early 2002, property was purchased in Lincoln County for a full service banking facility at 131 Cane Run Road. This facility will be called the Stanford Banking Center. Bank plans called for this Lincoln County location to become operational during the first quarter of 2003. Louis Prichard, who served the bank ably as loan officer, Executive Vice President and as President since 1995, decided to return to his hometown of Paris, Kentucky. Upon Mr. Prichard’s resignation, the Board of Directors named outside director (Jerry Germann) as Chairman of the Board. Additionally, Greg Caudill, an employee since 1981 and Senior Lending Officer since 1995, was named the institution’s eleventh President. 2002 Bank management purchases property at 211 East Main, in Danville, for the purpose of building a new banking facility downtown. This new banking 2002 10 FARM-9612 5.5 8.5 135th Anniversary Booklet.indd 10 12/30/13 3:26 PM 2003 2003 2004 On January 20, 2003, grand opening was held at the Stanford Banking Center on 131 Cane Run Road. Farmers National Bank had 10 financial locations within Boyle, Mercer and Lincoln counties. During 2003, the bank achieved assets of $327,794,000, loans were listed at $203,405,000 and stockholder’s equity of $37,781,000. Farmers National Bank celebrates its 125th Anniversary, as a locally owned financial institution. In the letter to shareholders, President Caudill writes “For a century and a quarter your bank has been a leading provider of financial services in this area. The management team is dedicated to making sure that this tradition continues for many years to come. Accordingly, the theme for the annual report was “Continuing the Tradition.” During the year FNB Financial Services (the bank’s full service brokerage service which started out in 2001 offering stocks, bonds, mutual funds, annuities and some insurance products) changed its name to Farmers Financial Management Group. 2005 The main office of the bank completed renovations to house additional space needs for the Farmers Financial Management Group staff and lending staff within the loan department. Total assets at year end were listed at $372,742,000 and bank’s capital exceeded $39,950,000. Total assets at the end of the year were a record $340,000,000 and the bank’s capital exceeded $38,000,000. 2006 2006 cont... enough to handle customers wanting traditional banking services (loans and deposits) as well as those who have need of non-traditional banking products (trust, brokerage and insurance). Land was purchased in Garrard County for construction of a banking facility in Lancaster. This facility will be called the Lancaster Banking Center. Farmers National Bank achieved record high numbers in total assets ($398 million), net income ($6.1 million), earnings per share ($5.50 per share), and dividends paid to shareholders ($2.90 per share). Construction began on new expanded Harrodsburg Banking Center. This new facility will be large 2006 11 FARM-9612 5.5 8.5 135th Anniversary Booklet.indd 11 12/30/13 3:26 PM 2007 2007 2008 Harrodsburg Banking Center opens on May 10, with a ribbon cutting ceremony attended by many people within the community on June 1st. Groundbreaking ceremony was held on May 30th for the new Lancaster Banking Center scheduled to open in early 2008. Greg Caudill, President and CEO, writes to the shareholders in the 2007 Annual Report, “As we look forward to 2008 we have much for which to be thankful. We are thankful for our strong capital position, the continued growth in our asset base and our presence in an area with a relatively stable economy.” At year end 2007, bank reported assets at $440,150,000, net loans listed at $320,823,000 and deposits were listed at $320,565,000. On February 19, 2008, the bank opened Lancaster Banking Center near Pleasant Retreat Shopping Center, in Lancaster. This full service facility is similar in both size and style to the Harrodsburg Banking Center. The facility offered loan and deposit products as well as brokerage and other financial services. In Harrodsburg, Colton Drive Express opened on April 21. This facility is located near many of the industrial employers and in close proximity to the new Mercer County High School campus. With these two new openings in 2008, Farmers National Bank offered banking locations in four counties through which customers can be served. Also, during the year, Farmers Financial Management Group (the bank’s full service brokerage service which started out in 2001 offering stocks, bonds, mutual funds, annuities and some insurance products) changed its name to the FNB Financial Group. 2009 2009 cont... area. It is management’s belief that Farmers National Bank is a reflection of the economic well being of our trade area. As the largest community bank in the market, when our friends and neighbors grow and prosper we grow and prosper as well. When local people are financially challenged it is difficult for us not to feel their pain. As the “Great Recession” tightens its grip on our local economy we have had to significantly increase our Allowance for Loan and On February 10, 2009, Boyle Bancorp, Inc. celebrated the 130th anniversary of its charter. In a letter to stockholders written by President Greg Caudill, he wrote, “Over the course of the 130 years, the company has endured wars, a depression and several recessions while consistently maintaining its reputation as the preeminent financial institution in the 2009 12 FARM-9612 5.5 8.5 135th Anniversary Booklet.indd 12 12/30/13 3:26 PM 2009 2012 2009 cont... Lease Losses. We more than doubled the size of this reserve during the last half of 2009. This is the main reason that we are showing a slight net loss for the year. Another reason is the six-fold increase in our FDIC assessment which went from $127,000 in 2008 to $812,000 in 2009. Absent these two negative components impacting our operating statement, we would have had a very respectable year. At year-end 2012, bank assets were listed at $477,227,000, net loans listed were $269,692,000, deposits were $407,295,000 and stockholder’s equity reflected $52,537,000. Net income was $3,659,000. At year-end 2009, bank assets were listed at $488,155,000, net loans listed were $330,045,000, deposits were $365,588,000 and stockholder’s equity reflected $44,788,000. 2012 13 FARM-9612 5.5 8.5 135th Anniversary Booklet.indd 13 12/30/13 3:26 PM HISTORY OF BANK PRESIDENTS James G. Cecil 1879–1881 Thomas McRoberts 1881–1883 Jere C. Caldwell 1883–1919 George A. McRoberts 1920–1923 J.C. Caldwell 1923–1936 J.F. Robinson 1936–1937 M. Carlisle Minor 1937–1969 R.L. Shoulty 1970–1979 Nelson D. Rodes, Jr. 1980–1995 Louis Prichard 1995–2002 Greg Caudill 2002–Present (As of December 31, 2013) 14 FARM-9612 5.5 8.5 135th Anniversary Booklet.indd 14 12/30/13 3:26 PM HISTORY OF BANK DIRECTORS Greg Caudill 1996–To Present Date D. K. Albright 1965–1995 * * John Albright 1997–To Present Date C. P. Cecil 1879–1924 C. R. Anderson 1888–1920 James G. Cecil 1879–1882 W. C. Anderson 1920–1954 J. Rice Cowan 1901–1954 William H. Balden 1971–1992 James A. Curry 1880–1883 Louis J. Beto 1976–1993 Joe G. Davis 1959–1981 * Louis M. Beto, DMD 2005–To Present Date *Helen Dedman 2001–To Present Date Charles W. Caldwell 1937–1952 G. W. Dugan 1894–1907 F. Fox Caldwell 1919–1932 & 1936–1946 C. E. Edmiston 1950–1980 J. C. Caldwell 1879–1922 *Harry Richard (Dick) Faulkner 2003–To Present Date J. C. Caldwell, Jr. 1922–1936 J. N. Frankel 1969–1976 J. Clemens Caldwell 1963–1989 Julian Gentry 1943–1957 Logan Caldwell 1934–1962 * Jerry M. Germann 1976–To Present Date * Robert Caldwell 1989–To Present Date Henry Guthrie 1947–1977 W. P. Caldwell 1943–1970 S. A. Hill 1943–1966 * Active Director of Bank, as of December 31, 2013 15 FARM-9612 5.5 8.5 135th Anniversary Booklet.indd 15 12/30/13 3:26 PM HISTORY OF BANK DIRECTORS *Hugh Gates Hines, III 2004–To Present Date Carlisle Minor 1919–1974 Joe Horky 1980–1981 Sam A. Moore 1883–1899 Harold Horn 1981–1996 J. Lee Murphy 1924–1968 Robert Hundley 1942–1958 Joe McDowell 1936–1942 J. W. Irvine 1943–1965 A. R. McKee 1879–1881 Chris S. Jackson, Jr. 1993–2005 George McRoberts 1902–1949 Hughes Jackson, Jr. 1973–1984 Thomas McRoberts 1879–1905 D. W. Jones 1879–1885 L. N. Neale 1925–1944 James Kinnaird 1881–1883 L. N. Neale, Jr. 1943–1980 J. R. Knox 1907–1945 John B. Nichols, Jr. 1954–1972 E. W. Lee 1885–1888 John B. Nichols, III 1976–2000 * J. Douglas Little 1993–To Present Date Elizabeth G. Nickels 1987–2006 Pierce Lively 1959–1973 W. H. Parks 1882–1922 A. B. Massey 1920–1933 *Henry Vincent Pennington, III 2005–To Present Date D. C. May 1893–1894 B. F. Phillips 1885–1900 * Active Director of Bank, as of December 31, 2013 16 FARM-9612 5.5 8.5 135th Anniversary Booklet.indd 16 12/30/13 3:26 PM HISTORY OF BANK DIRECTORS Louis Prichard 1992–2002 English Sullivan 1954–1976 *William R. Rankin, MD 2005–To Present Date J. K. Sumerall 1879–1884 Hart Rapier 1950–1971 James D. Thompson 1979–2004 J. A. Robinson 1904–1934 Robert D. Thompson 1991–1998 J. F. Robinson 1922–1940 *Jeffrey J. Thornton 1980–1992 & 1998–To Present Date J. H. Robinson 1930–1969 J. W. Weatherford 1879–1884 John C. Robinson 1934–1947 G. W. Welch 1879–1893 & 1899–1924 Charles H. Rodes 1879–1924 M. G. Weisiger 1909–1934 *John B. Rodes, CPA 2004–To Present Date Maurice E. Wilson 1976–1993 Nelson D. Rodes 1919–1950 Nelson Wingate 1879–1880 Nelson D. Rodes, Jr. 1969–2004 Guy E. Wiseman 1899–1932 George W. Rue 1927–1930 G. B. Woodcock 1883–1902 M. P. Sallee 1884–1891 W. W. Yeagen 1884–1885 R. L. Shoulty 1967–1980 John W. Yerkes 1899–1909 * Active Director of Bank, as of December 31, 2013 17 FARM-9612 5.5 8.5 135th Anniversary Booklet.indd 17 12/30/13 3:26 PM FARM-9612 5.5 8.5 135th Anniversary Booklet.indd 18 12/30/13 3:26 PM