Farmers Bank & Trust was chartered on September 26, 1906, and has been in operation since its inception. Farmers Bank is an independent community bank and operates out of a one bank holding company, Magnolia Banking Corporation. The Bank operates the subsidiary called Magnolia Properties, Inc. Since its inception, the Bank's primary mission has been to serve the banking needs of its communities. Being the oldest and most firmly established bank in its market, Farmers Bank & Trust has built a reputation of conservative soundness that has served it well. orridor.