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The First State Bank in Carthage: A Century of Service to Panola County

Since its inception in 1902, The First State Bank in Carthage has been an integral part of Panola County's financial landscape. Over the past century, the bank has weathered economic storms, supported local businesses, and played a vital role in community development.

A History of Stability and Growth

The First State Bank was founded by a group of prominent Carthage citizens, including J.M. Carothers, W.A. White, and J.W. Powell. The bank's initial capital stock was $25,000, and its first location was a small building on the town square.

Over the years, the bank has experienced steady growth. In 1922, it moved to a larger facility, and in 1973, it constructed its current main office building. Today, The First State Bank has assets of over $200 million and operates three branches in Carthage and Panola County.

first state bank in carthage texas

Community Involvement

The First State Bank is not just a financial institution; it is also a pillar of the Carthage community. The bank has provided financial support to numerous local organizations, including:

  • The Carthage Public Library
  • The Panola County Historical Society
  • The Carthage Chamber of Commerce
  • The Panola County Economic Development Corporation

The bank's employees are also active volunteers in the community, serving on various boards and committees.

Financial Services

The First State Bank offers a full range of financial services to individuals and businesses, including:

  • Checking and savings accounts
  • Loans
  • Mortgages
  • Investment services
  • Online banking
  • Mobile banking

The bank also offers specialized services for farmers and ranchers, such as agricultural loans and crop insurance.

Commitment to Customer Service

The First State Bank is committed to providing excellent customer service. The bank's experienced staff is dedicated to helping customers achieve their financial goals.

The First State Bank in Carthage: A Century of Service to Panola County

The bank offers convenient hours and locations, and its online and mobile banking services make it easy for customers to manage their finances on their own schedule.

Why Choose The First State Bank?

Stability: With over 100 years of experience, The First State Bank has the stability and expertise to help you navigate any financial challenges.

Community Involvement: The bank is invested in the Panola County community and supports local businesses and organizations.

Excellent Customer Service: The bank's experienced staff is dedicated to providing personal and friendly service.

The First State Bank in Carthage: A Century of Service to Panola County

Wide Range of Services: The bank offers a full range of financial services to meet the needs of individuals and businesses.

How to Open an Account

Opening an account with The First State Bank is easy. You can visit any of the bank's three branches or apply online. The bank will need your personal information, such as your name, address, and date of birth. You will also need to provide a valid form of identification, such as a driver's license or passport.

FAQs

Q: What are the bank's hours of operation?

A: The bank's main branch in Carthage is open Monday through Friday from 8:30 AM to 5:00 PM. The other two branches have slightly different hours.

Q: Does the bank offer online banking?

A: Yes, The First State Bank offers online banking and mobile banking services.

Q: What is the bank's routing number?

A: The bank's routing number is 114901506.

Q: How can I contact the bank?

A: You can contact the bank by phone at (903) 693-5325 or by email at [email protected].

Q: What is the bank's website address?

A: The bank's website address is www.firststatebankcarthage.com.

Tables

Table 1: Financial Performance

Year Assets Deposits Loans
2023 $200 million $150 million $120 million
2022 $180 million $140 million $110 million
2021 $160 million $130 million $100 million

Table 2: Interest Rates

Account Type Interest Rate
Savings Account 0.05% APY
Money Market Account 0.10% APY
Certificate of Deposit (6 months) 0.25% APY
Certificate of Deposit (1 year) 0.50% APY

Table 3: Branch Locations

Branch Address Phone Number
Main Branch 201 W. Panola Street, Carthage, TX 75633 (903) 693-5325
North Carthage Branch 1601 N. US Highway 59, Carthage, TX 75633 (903) 693-6600
Beckville Branch 201 E. Main Street, Beckville, TX 75631 (903) 835-3101

Call to Action

If you are looking for a stable, community-oriented bank that can meet your financial needs, look no further than The First State Bank in Carthage. Visit us today or apply online to open an account.

Time:2024-09-28 00:16:07 UTC

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