1976
Chartered First Bank and T̶ ust Company was bo̶ n from a small basement gathe̶ ing of Russell County fa̶ mers in Lebanon, Virginia in 1976. The bank was initially cha̶ tered under the name First Russell County Bank and T̶ ust Company in 1976 with six o̶ iginal directors: Augustus Chafin, Carson Brown, “Smiley” Ratliff, William Cooke, Lamar Cox, and William Sutton.
Years of
1979 The Bank officially commenced operations on August 3, 1979 with seven directors: Augustus Chafin, Carson Brown, “Smiley” Ratliff, William Cooke, Lamar Cox, Pat Bassinger, and William Hayter. Commenced Operations
1979
2023
Legal Lending Limit
$150,000
$55.1 million
450ձ
5
Employees
Net Income
Ե$135,000
$50.1 million
8,294,516 shares at $112 per share
Shares Outstanding and Share Value
50,000 shares at $20 per share
6 | 2023 Repo̶ t to Shareholders
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