Thursday, July 3, 2008
M&F Bank growing in Hickory Flat
By SUE WATSON
Merchants & Farmers Bank is building a new branch facility at Hickory Flat, according to president Greg Taylor.
The current bank office in the Benton County town is too small and Merchants and Farmers will expand services at its new location on Highway 178 with opening expected in late fall.
“We’ve had good deposit growth here and have never made loans here,” Taylor said during the groundbreaking Monday morning.
That will all change with the new facility that will have a branch manager, a loan officer, and two tellers. ATM service and two drive-thru lanes will be added when the new branch building opens.
Chris Woods Construction of Memphis will build the new bank. The current branch, located at 261 Wolfe Street in Hickory Flat, has been in operation since 1995, Taylor said.
The new branch building will be approximately 2,400 square feet.
“We have outgrown our facility in Hickory Flat,” Taylor said, “and we look forward to offering our current and future customers in south Benton County all the conveniences of a modern banking facility with a hometown atmosphere,” Taylor said.
He said some new products offered by Merchants and Farmers Bank include totally free checking, overdraft production, internet banking and bill payment, e-mail statements, telephone banking, gift cards and vacation club accounts.
Merchants and Farmers Bank was established in 1899.
The main office of M&F Bank is located at 650 Highway 7 South, Holly Springs. The Ashland branch is at 15980 Boundary Drive, and the Byhalia Branch is located at 523 Highway 309 South.
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