Farmers Bank and Trust Company is an independent community bank. The bank operates out of a one-bank holding company, Magnolia Banking Corporation. The banks services include, checking/savings accounts, investment accounts and loans. Farmers Bank and Trust Company has three branches in Magnolia, Ark., four branches in Camden, Ark., and one in Welcome, Ark. The bank was founded with $75,000 in assets in September 1906 and now has approximately of $385 million in assets. Farmers Bank and Trust has one operating subsidiary called Magnolia Properties. Farmers Bank and Trust Company is the oldest, continually serving, financial institution in Columbia County, Ark.