Farmers State Bank has about 265 stockholders, most of whom are local residents or have a local business interest. The stock is not traded publicly. Occasionally, some shares are made available for sale to those who have asked to be included on a list of potential purchasers. Contact the Chairman's office at our Munith location for more information.
The Board of Directors is composed of 6 directors. Two of the directors work inside the bank as bank officers. The other four are engaged in a variety of careers including the practice of law, residential construction, veterinary medicine, and a funeral home proprietor. The directors range in age from 45 to 68 with tenures on the board of 1 year to 25 years. Directors are elected each year by stockholders at the annual stockholders meeting and serve for a term of one year or until the next annual meeting of the stockholders.