The joining of Farmers Deposit Bank with Farmers National Bank will allow the combined organization to more effectively expand products and services with greater customer convenience throughout Casey County, Kentucky.
Farmers National Bank currently has 10 locations in Boyle, Garrard, Lincoln and Mercer Counties. The merger adds strategic locations in Liberty and Middleburg in Casey County.
Greg Caudill, Chief Executive Officer of Farmers National Bank, noted, “This is an exciting day for Farmers National Bank as we expand our market presence in Central Kentucky. We look forward to continuing to fulfill long-term strategic goals and providing greater customer convenience and service to our existing and new customers. We are also excited for the new colleagues we welcome to our organization as we work together towards these goals.” Tammy McQueen, a long-term employee of Farmers Deposit Bank has been named Vice President, Market Manager.
In connection with the closing of the transaction, Steve Fox will join the board of directors of both Boyle Bancorp and Farmers National Bank, expanding the size of the boards from 12 to 13. Mr. Fox served on Farmers Deposit Bank’s board of directors until the closing of the transaction. Mr. Fox will bring valuable skill sets and experience relevant to the Casey County market.
Caudill added, “Farmers National Bank and Farmers Deposit Bank share a similar commitment to customers, employees and the communities we serve. We look forward to continuing the tradition of community banking, something we have done successfully for over 140 years. We are anxious to start making new friends and meeting our Casey Co. neighbors.”
Farmers National Bank of Danville is the largest independently owned and operated community banking company in Danville, Kentucky. The bank is a wholly owned subsidiary of Boyle Bancorp, Inc., a registered bank holding company.
Boyle Bancorp was advised by Stoll Kennon Ogden PLLC. John R. Turner Holding Company was advised by Frost Brown Todd LLC and ProBank Austin.
Sharon K. Howell