The Farmers Bank

What The Farmers Bank does

The Farmers Bank is a community bank headquartered in Frankfort, Indiana, founded in 1876 and operating as a subsidiary of The Farmers Bancorp bank holding company. The bank delivers a full-service retail and commercial banking platform across 11 branches in Central Indiana, serving individual consumers, small and medium-sized businesses, and agricultural customers. Its product suite spans checking and savings accounts (including high-yield, money market, CDs, IRAs, HSAs, and student accounts), mortgage and consumer lending, business loans with SBA and agricultural specialization, treasury management, merchant services, and a Notifi real-time alerts module. The bank is a party to a pending merger with Richmond Mutual Bancorporation valued at approximately $82 million ($44.71 per share), which is expected to close in Q2 2026 and create a combined multi-state franchise operating as First Bank Midwest across Indiana and Ohio.

The bank's core technology is a vendor-stack architecture rather than proprietary infrastructure: Smart Online Banking and a Fiserv-powered mobile application handle digital account access, transfers, bill payments, mobile check deposits, and card management, while a Cheetah Inc.-hosted portal provides investment and trust services authentication and TimeTrade powers online appointment scheduling. Video ATMs extend in-person service hours. The bank employs traditional community-bank distribution through physical branches supplemented by online, mobile, and social media channels (Facebook, LinkedIn, YouTube) plus a Money Matters blog and investor relations communications. No APIs, SDKs, or developer-facing platforms are publicly offered.

Revenue mechanics follow a standard community-bank model: net interest income from loan portfolios (mortgages, consumer loans, agricultural lending, SBA loans, commercial loans) and deposit gathering, supplemented by fee income from trust and investment management, merchant card processing, treasury management, and other banking services. The bank does not publicly disclose pricing tiers or detailed financial metrics. Stock in the parent holding company (FABP) trades over-the-counter through Raymond James and Janney Montgomery Scott, with Colonial Stock Transfer Company serving as transfer agent.

Name

The Farmers Bank

Legal name

The Farmers Bank

Website

https://thefarmersbank.com

Company type

Private

Founded year

1876

Operating status

Operating

Headcount range

101–250 employees

Short description

The Farmers Bank is a 148-year-old community bank headquartered in Frankfort, Indiana, operating 11 branches across Central Indiana to deliver retail, business, agricultural, and wealth management banking services to consumers and small-to-medium businesses.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Retail banking
• Community banking
• Commercial lending
• Wealth management
• Mortgage lending

Headquarters

HQ city

Frankfort

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income and Banking Services: Traditional community bank generating revenue primarily through net interest income from loan portfolios and deposit gathering, supplemented by fee income from banking services, trust and investment management fees, and mortgage lending activities.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

The Farmers Bank is a locally owned community bank offering retail deposit accounts, consumer and commercial loans (including SBA), mortgage lending, business banking services such as treasury management and merchant services, and investment/trust services to individuals and businesses across Central Indiana through 11 branch offices and Fiserv-powered digital banking channels.

Product overview

The Farmers Bank operates as a locally-owned community bank providing a comprehensive suite of retail and commercial banking products across Central Indiana. The bank's offerings span personal banking (checking, savings, mortgages, personal loans, credit cards, and health savings accounts), business banking (commercial loans, SBA loans, agricultural services, merchant services, and treasury management), and wealth management (investment and trust services). The bank delivers its services through 11 physical banking offices, Smart Online Banking, a mobile banking app powered by Fiserv, video ATMs, and investment/trust portal. Core digital banking products include Smart Online Banking for account management, Mobile Banking App for on-the-go access, and Notifi Alerts for real-time notifications.

Differentiator

Problem solved

Functional benefit

Products and services

• Smart Online Banking Online banking platform giving personal and business customers digital access to accounts, transfers, and bill payment through a web-based interface.
• Mobile Banking App Fiserv-powered mobile application that lets personal and business customers access accounts, make deposits, transfer funds, and pay bills from mobile devices.
• Personal Checking Accounts Suite of personal checking account options (Regular Checking, NOW Checking, Premier Checking, Smart Checking) for individual customers, with accompanying debit cards.
• Personal Savings Accounts Personal savings products including Regular Savings, Money Market Savings, Christmas Club savings, and Certificates of Deposit (CDs) for individual customers.
• Personal Loans Unsecured personal installment loans offered to individual borrowers for personal financing needs.
• Mortgage Loans Residential mortgage products for home purchase and refinance financing offered to individual consumers in the bank's market area.
• Consumer Credit Cards Consumer credit card products offered to individual customers for everyday spending and credit financing needs.
• Health Savings Account Health Savings Account deposit product available to both individual consumers and businesses for tax-advantaged medical savings.
• Individual Retirement Accounts (IRA) Individual Retirement Account (IRA) deposit products offered to individual customers for retirement savings.
• Business Checking Accounts Business checking account products (Regular Business Checking and Small Business Checking) for small and mid-sized business customers, with associated debit cards.
• Business Savings Accounts Business savings and business money market savings deposit products for business customers.
• Business Loans Commercial lending products for businesses, including SBA loans, supporting working capital, expansion, and other business financing needs.
• Business Credit Cards Business credit card products for commercial customers to manage operating expenses and short-term financing.
• Treasury Management Treasury management services for business customers, including cash management tools to support payables, receivables, and liquidity needs.
• Merchant Services Merchant services enabling business customers to accept card payments and process transactions through payment processing solutions.
• Video ATMs Video-enabled ATMs that allow customers to conduct transactions and deposits with the assistance of a live teller through video at branch and off-site locations.
• Investment and Trust Services Trust and investment services for individuals, families, estates, farms, and institutions, including personal trust, estate planning, wealth management, investment management, custody accounts, land trusts, farm management, and institutional services.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• Richmond Mutual BancorporationcoreStrategic or Co-development Partner · 3 April 2026Pending merger agreement where The Farmers Bancorp shareholders will receive 3.40 shares of Richmond Mutual common stock per share held in a tax-free exchange. Transaction valued at approximately $82 million ($44.71 per share). Expected to close Q2 2026, with combined company operating as First Bank Midwest with branches across Indiana and Ohio.
• FiservcoreTechnology or IntegrationFiserv powers The Farmers Bank's mobile banking application, providing the technology infrastructure for mobile check deposits, balance monitoring, transfers, bill payments, alerts, and card management services.
• Cheetah Inc.supportingTechnology or IntegrationCheetah Inc. provides the technology platform for The Farmers Bank's Investment and Trust Services portal, enabling wealth management and trust administration functionality for customers.
• Colonial Stock Transfer CompanysupportingOthersColonial Stock Transfer Company (7840 S 700 E, Sandy, UT 84070) serves as the transfer agent for The Farmers Bancorp stock (FABP), handling stock transfer services and shareholder records.
• Raymond JamessupportingChannel Partner/ Reseller/ DistributorRaymond James (222 South Riverside Plaza, 7th Floor, Chicago, IL 60606) is a recommended broker for buying or selling FABP stock.
• Janney Montgomery Scott, LLCsupportingChannel Partner/ Reseller/ DistributorJanney Montgomery Scott, LLC (Attn: Eugene Bodo, 1717 Arch Street, Philadelphia, PA 19103) is a recommended broker for buying or selling FABP stock.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Stock Yards Bank & Trust: Kentucky- and Indiana-based community bank offering retail, commercial, and trust/investment services. Comparable community bank model with parallel wealth management offering similar to The Farmers Bank's investment/trust services.
• Lake City Bank: Indiana-based community bank offering retail, commercial, and agricultural lending. Comparable community bank model with similar geographic concentration in Indiana and overlap in agricultural and small-business lending.
• Richmond Mutual Bancorporation: Indiana-headquartered mutual bank holding company that is the direct merger counterparty to The Farmers Bancorp. Operates a community bank model with retail and commercial banking; particularly relevant given the pending combination into First Bank Midwest.
• Horizon Bancorp: Indiana-based community bank holding company offering retail, business, and mortgage banking across Indiana and neighboring states. Closest peer in size, geographic focus, and community bank operating model to The Farmers Bank.
• Centier Bank: Indiana-headquartered community bank providing retail, business, mortgage, and wealth services. Comparable in scale, family/community ownership orientation, and product breadth to The Farmers Bank.
• First Financial Bank: Indiana and Ohio-headquartered community/regional bank with retail, commercial, and wealth management services. Highly comparable product mix and overlapping footprint with The Farmers Bank, especially relevant given the pending merger into First Bank Midwest across Indiana and Ohio.

Broad incumbents

• First Merchants Corporation: Indiana-headquartered bank holding company operating a large commercial and retail banking franchise across the Midwest. Comparable to The Farmers Bank as a community/commercial bank serving Indiana customers, but materially larger in scale and geographic footprint.
• Old National Bancorp: Large regional bank holding company with deep Indiana presence offering retail, commercial, wealth, and mortgage banking. Directly comparable product suite to The Farmers Bank across retail and business banking, though operating at substantially greater scale.

Emerging players

• First Internet Bank: Indiana-based direct/digital bank offering consumer deposit and lending products. Represents a contrasting business model to The Farmers Bank's branch-based approach, useful as a competitive reference for digital banking pressure on community banks.

Regional players

• MutualBank: Indiana-based community bank offering retail and commercial banking with strong agricultural lending focus. Comparable Indiana footprint and agricultural lending overlap, though structurally distinct as a mutual institution.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/tfbfarmbank
• Facebookfacebook.com/thefarmersbank
• LinkedInlinkedin.com/company/the-farmers-bank
• Xx.com/mybankforlife

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Farmers Bank