Building Outside Of Woodclyffe Chase
Months after PutnamCountyNews.com broke the story, site preparation is happening for the Teays Valley branch of Farmers Bank and Savings Company.
Farmers Bank, an Ohio-based bank chartered in 1904, remains an independently owned organization with branches in Mason & Point Pleasant.
Moving east into the state, Farmers selected a prominent site in the Teays Valley area for a flagship branch. The 13,000 square foot, two-story, brick and stone structure will give Farmers Bank a meaningful presence in the area.
“Pray Construction is proud to help Farmers Bank serve Putnam County and the surrounding area,” says Pray Construction Business Development Director Mary W. Cook. “We are also happy to work with Jerry Goff Architecture with whom we have a long-standing relationship. We welcome Farmers Bank to our area.”
The $4 million financial center, on State Route 34 between Scott Depot and Hurricane, will be located just outside of the Woodclyffe Chase subdivision.
Farmers Bank also is announcing that it hired veteran Putnam County banker Roy Hamilton to head up the full-service branch, which will employ five to nine associates and offer traditional commercial as well as consumer banking products. More than a dozen, temporary, construction jobs, will also be created, and when the work is finished, the new bank will provide more property taxes to Putnam County.
“The expansion of our footprint to Putnam County is an indication of Farmers Bank’s confidence in the future of community banking and long-term prosperity of the greater Teays Valley area,” says Paul M. Reed, President and CEO of Farmers Bank – via news release. “We are pleased to launch this market expansion with this new team that brings great experience in financial services and a great understanding of the Putnam County community. Roy Hamilton is very well respected in the community and we are more than excited to have him serving our customers and taking a leadership role at our newest banking facility.”
“I am extremely pleased to be a part of the Farmers Bank family,” comments Hamilton. “Farmers Bank takes great pride, not only in offering exceptional banking services, but in investing in their communities. For over 100 years Farmers Bank has been getting involved in things that are important to their communities and we look forward to being that kind of active partner here in Putnam County.”
The $275 million dollar bank, which was established in 1904 and currently operates six banking centers in Ohio and West Virginia, will build a new facility over 10,000 square feet in what Farmers Bank President and CEO Reed termed a “marquee location.”
The financial center will include a full-service bank branch with a drive-thru, ample customer parking, and will feature a 2,500 square foot community room that will be available for use by community groups and local organizations.
In addition, Farmers Bank has hired two banking associates who will join Hamilton in a temporary banking office at 65 Chase Drive, in Hurricane, where customers can open accounts or apply for loans at this time.
“All the members of our new team have extensive banking experience and longstanding relationships with Teays Valley customers,” explains Hamilton. “While we are just getting started, this strong group of experienced bankers is ready now to deliver our brand of community banking to customers.”
Hamilton and his team can be contacted by telephone at 304-760-0929 to set up personal appointments.
The bank anticipates the new financial center will be open by the end of the year or early 2018, depending on factors including permitting, weather and the construction timeline.
Farmers is the latest out-of-state business to expand to Putnam County. In recent years, ALDI, Panera Bread and Petco have opened here.
About Farmers Bank and Savings Company
Farmers Bancshares, Inc. is a growing community-based bank holding company headquartered in Pomeroy, Ohio, and is the sole shareholder of Farmers Bank and Savings Company, a bank that specializes in delivery of exemplary customer service to customers in the communities it serves. Farmers Bank and Savings Company has assets of approximately $275 million and operates six full-service banking centers in Pomeroy, Tuppers Plains, and Gallipolis, OH, and West Virginia locations in Point Pleasant and Mason. Established in 1904, Farmers Bank remains a locally owned and operated community bank, providing a full range of commercial and consumer banking and investment products. For additional information, visit: www.fbsc.com.