CTOs on the Move

Farmers National Bank

www.farmersbankgroup.com

 
Farmers National Bank has a long, deep-rooted history as a financial institution. Since February 10, 1879, the bank has served customers in ways that earn their trust and loyalty. As it has helped generations of customers in the Bluegrass state achieve their goals, it is known as "Your Lifetime Bank."​ The bank has 10 banking locations within Boyle, Garrard, Lincoln and Mercer counties of Kentucky. Farmers National Bank has had a Trust Division since 1909. WealthSouth offers Investment Management; Trusts; Estates; Retirement; 401(k)s; Employee Stock Ownership Plans (ESOPs) and Private Banking with offices located in Danville, Bowling Green ...
  • Number of Employees: 250-1000
  • Annual Revenue: $10-50 Million

Executives

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Welcome to Belmont Finance. Our company was founded in June of 2005 by John Harris IV. Having been in direct sales for 17 years and financing with many other companies, his original vision was to develop a direct sales finance program that would allow him a greater percent of profit for his sales company. Starting small and slow, he soon realized that with todays technologies and the growth of his own distributorship that it was time to make a move.We hired our first employee, Cara Bloom, who is now the C.O.O. of our company. Six months later, we invited a fellow distributor friend to finance with us, and word started to spread! A good thing doesnt stay quiet for long, and with more distributors asking to sign on, we realized our little company was heading in the right direction. Belmont was created by a direct sales distributor who wanted to be treated fair and honest in his daily business activities. We didnt envision there would be so many distributors looking for that same relationship. Our industry is a dynamic and fast-paced business, so we developed a finance program to meet direct sales distributors​ needs. Belmonts vision was to start small and simple with its main focus on customer service, not only for the owner and his new-found business growth, but most importantly for the borrower. By the end of 2008, Belmont Finance had grown to 36 distributors in 9 different states. We started to realize that our success wasnt ours at all. It was the distributors that were doing all of the hard work in the field, working 10 - 12 hour days and 6 - 7 days a week. Our original finance model not only stood the test of the most difficult economy of our generation, it also helped with the growth of our participating businesses. By the end of 2010, Belmont had tripled in size to over 120 distributors in 18 states. It was time to add on to the business.

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