Scotts Hill in Henderson County, Tennessee — The American South (East South Central)
Farmers State Bank and FirstBank: A Century of Community Banking
Farmers State Bank was founded in 1906 by a small group of Scotts Hill investors. In the early years, the bank financed ventures and supported the mainly rural, agricultural communities it served. Even as the economic focus of the area shifted from agriculture to manufacturing, Farmers State Bank remained a constant in Scotts Hill.
By 1984, the bank had approximately $14 million in assets and was owned by a group of shareholders, most of whom were descendants of the original investors. That same year, Jim Ayers and Parsons banker Steve White purchased the bank and moved its headquarters to Lexington. Farmers State Bank bought First National Bank of Lexington in 1988 and changed its name to FirstBank.
In the ensuing years, FirstBank has become one of the largest community banks in Tennessee and — with the original charter branch still operating in Scotts Hill — the oldest bank in Henderson County Although many things in the 100 years since its inception, the Farmers State Bank nameplate in Scotts Hill did not, exemplifying FirstBank's commitment to maintain the same community banking philosophy its charter
Erected 2005 by FirstBank.
Topics. This historical marker is listed in this topic list: Industry & Commerce. A significant historical year for this entry is 1984.
Location. 35° 30.883′ N, 88° 14.646′ W. Marker is in Scotts Hill, Tennessee, in Henderson County. Marker is at the intersection of State Highway 114 at milepost 0 and Church Street, on the right when traveling north on State Highway 114. Touch for map. Marker is at or near this postal address: 20 Highway 114 South, Scotts Hill TN 38374, United States of America. Touch for directions.
Other nearby markers. At least 8 other markers are within 3 miles of this marker, measured as the crow flies. Prof. B.A. Tucker (about 300 feet away, measured in a direct line); Reverend R. Swift (approx. 0.3 miles away); Veterans Monument (approx. 0.6 miles away); Scotts Hill (approx. 0.6 miles away); The Temple (approx. 0.9 miles away); Austin Chapel Church & The Austin Family Homeplace (approx. 1.4 miles away); Granny Austin Cemetery (approx. 2.2 miles away); Doe Creek School (approx. 3.1 miles away). Touch for a list and map of all markers in Scotts Hill.
Credits. This page was last revised on October 17, 2020. It was originally submitted on September 30, 2020, by David Austin of Scotts Hill, Tennessee. This page has been viewed 197 times since then and 69 times this year. Last updated on October 9, 2020, by David Austin of Scotts Hill, Tennessee. Photos: 1, 2. submitted on September 30, 2020, by David Austin of Scotts Hill, Tennessee. • Devry Becker Jones was the editor who published this page.