Lyon County’s business community is continuing to grow.
Farmers Bank held a groundbreaking Thursday at its new Eddyville site at the intersection of U.S. Hwy. 62 and Commerce Street. Bank staff were joined by members of the Woodall Agency, new tenants inside the branch location.
Fred Foltz, president of Woodall Agency, said the partnership will help continue their 110 years of offering personal, business and farm insurance to area residents.
“We are very excited to be opening an office in Lyon County later this year,” Foltz said. “Actually, the Woodall Agency was first opened in 1907 and was located in Kuttawa. While we currently service several existing customers in this area, I feel that Lyon County is an excellent opportunity to grow our business in the future.”
Foltz said the agency has partnered with Encompass Wealth Management to offer a variety of financial services.
The growth for Farmers Bank has been part of a long-term plan to bring new and existing loan options to Lyon County, along with traditional banking services. Danny Patton will serve as Lyon County branch manager.
“We are indeed happy to see both Farmers Bank and the Woodall Agency open branch offices in Eddyville,” said Jim Stott, Lake Barkley Chamber of Commerce president. “Both have been long-time members and great supporters of our Chamber. We look forward to their grand opening and extend out best wishes to them.”
Lyon County native Jeff McDaniels has overseen the project since it began last year. Daniels is the president and CEO of Farmers Bank.
“Our bank is excited and very much looking forward to our move to the Lyon County market,” Daniels said. “While we are fortunate to count several Lyon Countians as customers today, we feel this move makes our services much more accessible to the overall community and very much fits within our community driven philosophy.”
The branch is expected to open this winter as construction gets underway later this year.