Our History

The Farmers National Bank of Lebanon had its origin in the office of T.S. Edelen on February 6, 1890, when he and several other citizens decided that Marion County needed another bank.


The doors opened for business on April 1 of 1890 with capital of $50,000.


The bank was housed in rented quarters on Main Street and it was not until 1917 that the property was purchased by the bank.


At the height of the depression, Farmers National Bank remained sound while many banks across the country were closing their doors. Total assets stood at $289,000.


When T.E. Spragens, Sr. took over the bank in 1950 the assets were $3,243,075. Under his leadership, the Board of Directors agreed to a major remodeling of the bank which was the first significant change in the physical appearnace of the bank in its 66-year history.


Total assets had grown to over $6 million! Plans were initiated for construction of a new building which was occupied for the first time in 1966. The beautiful new colonial strucutre was an immediate hit in the community.


In 1973, the bank reported resources of over $10.7 million and it was decided that a branch bank should be built. So it was in 1974 that a branch was added in the Lebanon Trade Center in a newly-built structure compatible with the colonial design of the downtown bank.


In 1977, T. E. "Gene" Spragens, Jr., assumed the presidency


In 1982, young Gene made an offer to purchase controlling interest in the bank, acting as agent for a bank holding company to be formed.


On August 4, 2005, after a long and successful career with the Bank, Gene Spragens passed away unexpectedly. August 22, 2005, the Board of Directors of the Farmers National Bank of Lebanon officially elected George B. Spragens Chairman of the Board, Chief Executive Officer, and President.


December 2, 2012, the bank hosted the grand opening of a newly constructed branch at 2160 Campbellsville Highway in the Wal-Mart shopping center. (The small branch at 760 West Main Street was simultaneously closed.)


In 2015, while celebrating the Bank's 125th anniversary, the lobby of the Main Office was renovated and updated to reflect modern banking needs while staying true to the Bank's traditional roots.


January 1, 2016 Melissa Lee Knight became the bank's tenth president and its first female president.


Total assets are over $110 Million.