Changes Farmers Bank & Trust Building in Hope, AR

By Staff, 12/20/17 11:05 AM

(Hope, AR—December 20, 2017) – Farmers Bank & Trust has finalized an agreement with the Hempstead County Quorum Court to sell its main bank building in Hope, AR for $1.5 million. The building is located at 200 East Third Street in the downtown area of Hope. The market value of the building makes the transaction equivalent to a $3 million-dollar donation from Farmers Bank & Trust to Hempstead County to use as a courthouse.

Bob Burns, FB&T Chairman of the Board and Hope native says, “We are grounded in our presence within Hope and Hempstead County. However, the current bank building was larger than needed and the county was exploring options for a new courthouse. We hope that our building transfer will serve as a win-win situation for the staff and residents of Hempstead County and our company.”

Farmers Bank & Trust plans to transition all offices located at 200 East Third Street to a new location to be built across the street. The new location will continue to provide all current financial services including lock boxes as well as loan and account services.

Farmers Bank & Trust has two other office locations in Hope, AR at 617 North Hervey and 2103 South Main. The Bank does not have plans to make any changes to either existing location.

About Farmers Bank & Trust: Farmers Bank & Trust is a 111-year-old community bank owned by the privately held holding company, Magnolia Banking Corporation, headquartered in Magnolia, Arkansas. Farmers Bank & Trust now has over 20 locations in Arkansas and Texas, and over $1.35 billion in assets. Farmers offers a full range of deposit services, trust and investment management services, as well as business, commercial real estate, construction, mortgage, residential and consumer loans. To learn more, visit their website at MyFarmers.Bank.