The First National Bank at Paris was established in 1891 as The Bank of Paris by a group of local businessmen who had a deep commitment to the people of Paris and Logan County. At that time, Paris was a bustling community of 600 people. Founded by W.R. Cherry, the bank occupied the first floor of the two-story native stone Hall Building on the southwest corner of the city square. According to "old timers," in front of this corner passed all covered wagons on their way to Texas and back.
P.B. Cox served as the Bank’s first president, while Mr. Cherry served as the Bank’s first cashier. The first 18 shareholders were: W.R. Cherry, C.C. Wood, Cora Wood, Anthony Hall, P.B. Cox, J.N. Ingle, George M. Zeller, Jerry Carroll, Thomas Fuller, L.F. Holloman, James Sewell, J.B. Carter, W.B. Conaster, H.C. Carter, C.S. McKinney, F.A. Quaile, L.R. Wallace and L.B. Crenshaw.
The Bank became a National Bank in February of 1920, and was reorganized in 1934 as the First National Bank at Paris.
Much of the economy in Paris and Logan County was driven by coal mining and agriculture, for which the Bank helped facilitate. Coal was first discovered just one mile north of Paris near Short Mountain Creek in 1880. By that time the railroad had been shifted to run through Paris, as Paris had been named the Logan County seat in 1874, over Roseville, coal and cotton cars were a common sight along the rails.
In August of 1964 the Bank moved into its current location, which has seen numerous updates over the years to keep up with customer service and technology.
Today, the bank has full-service locations in Paris, Caulksville, Booneville and Waldron and employs approximately 37 people and has an annual payroll of over $1 million. The Bank is regulated by the OCC and FDIC, which insures its deposits. The officers, directors, employees and their families actively participate in community activities. First National Bank invests in our neighborhoods, schools, civic organizations and businesses because we all work together to meet the challenges of tomorrow and realize the dreams of today. Our founders could not imagine banking as it is today, but they gave us the sense of community that allows us to say with pride that we are The First National Bank at Paris – hometown banking at its best!