Farmersville, founded in the mid 1850s and named for the occupation of many of its citizens, developed its banking history from the private Exchange Bank established in 1885 in the rear of the Aston Brothers store. On January 17, 1887, a national bank charter was obtained, and the Exchange Bank merged with the First National Bank of Farmersville, whose first president was pioneer doctor A.H. Neathery. The bank building at 119 South Main Street was destroyed by fire in 1905 but rebuilt. The First National Bank later absorbed the Farmersville National Bank in 1929 and the First National Bank of Nevada in 1933. Although it suffered heavy losses and underwent two reorganizations during the Depression of the 1930s, it never failed and its customers experienced no interruption of service. The bank moved to its present location in 1970, expanded the building in 1979, converted to a state bank charter in 1986, and changed its name to the First Bank at Farmersville. One of the 20 oldest independent banks in Texas, it has served Farmersville and surrounding communities continuously for more than 110 years.