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Farmers and Merchants Bank

www.fmbnc.com

 
Farmers & Merchants Bank is a Rockwell, NC-based company in the Financial Services sector.
  • Number of Employees: 25-100
  • Annual Revenue: $50-100 Million

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BankFirst Financial Services

We are celebrating 125+ years of rich history in Mississippi! Since first opening our doors on June 1, 1888, we have been proud to serve the people of Mississippi. Over the past 125 years, we have seen and surpassed the Great Depression, expanded to 15 branches throughout our region, and also built a strong foundation of products and services our customers can rely on — all while standing true to our motto of strength, stability, and service. In 1977, we began construction on the present Main Office building in Macon. The 1990s was a decade of great growth — the bank added branches in Columbus, and branched into West Point on a de novo basis in 1997. Since 1999, the bank has opened branches in Starkville and Madison, MS, and has continued its rapid growth in the Jackson area with the opening of its Flowood location and its Ridgeland location in 2006. With the rapid expansion of the bank`s service area, it was felt that the bank needed a new name—one that would better represent our ability to meet the financial needs of all the people within the communities we serve. For that reason, on July 12, 1999, Merchants & Farmers Bank became BankFirst Financial Services. We believe the new BankFirst name expresses our desire to be a bank that places the needs of its customers first. In 2014, we opened a Loan Production Office in Tuscaloosa, Alabama, making it the first location outside the state of Mississippi. Member FDIC, Equal Housing Lender.

Superior National Bank

In 1890 when the Quincy Mine opened in Hancock, Michigan, local banking focused only on serving commercial banking customers. Seeing a need to serve everyday people, a group of local businessmen led by Charles Wright, opened Superior Savings Bank on April 1, 1890. Their first location was in the back of a jewelry store. They grew on, and with a capital investment of $150,000, established the Superior Trust Company in 1902. This opened up new investment opportunities for bankers at a time when brokerage houses were getting the bulk of their business in copper stocks. When Calumet & Hecla Mining Company stock hit $1,000 a share, the financial world looked on in awe. As the Quincy Mining Company continued to grow, so did the bank. By 1910, the mining company`s 2,000 employees were looking to build homes, establish savings, and improve their lives. Superior Savings Bank was there to help them do just that – earning them the nickname “The Working Folks` Bank” from area residents. And still they grew with the booming local economy. The bank built a three story, state of the art facility on the lot of their first location, and on December 6, 1941, Superior National Bank and Superior Trust Company officially merged, forming Superior National Bank and Trust. By 1960, the bank constructed its second new building on a lot previously occupied by St. Patrick`s Church. The building was considered the most modern office complex in the Copper Country at that time and featured the area`s first drive-up window. All these years later, that location still serves as the Superior National Bank and Trust headquarters at 235 Quincy Street in Hancock. Determined to expand the bank to other locations, in 1964 bank President Gunnar Miller set his sights on Baraga, Michigan. Regulations at the time required that bank branches be within a 25-mile radius of the headquarters. To his relief, the Baraga site was located 24.596 miles away. The branch opened in 1966 and was highly profitable, breaking even in 14 months. Additional locations soon followed: Hubbell in the mid-70`s, Mohawk, Chassell and Houghton. Bank growth continued into the new millennium, with the acquisition of Commercial National Bank of L`Anse in 2009. Through more than 128 years of growth, one thing has remained the same: Our commitment to serving the needs of our community. Though we have expanded to serve businesses and corporations, the strength and character of the community that got us here remains the backbone of our culture.

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