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This Veterans Day—the 100th anniversary of the end of World War I—we celebrate the men and men and women of our armed forces for their patriotism, love of country, and willingness to serve the common good.
Their sacrifices and those of their families is an enduring testament to the strength and character of America’s military and why The Farmers Bank is proud to serve these members of our community every day.
We are joined in this endeavor by thousands of community banks nationwide who assist members of our armed forces with distinction and adhere to a high standard in our interactions with its rank and file—whether stationed right here in Northern Sumner County or when duty calls them away from home.
At The Farmers Bank we want to serve as a resource to local veterans and their families for their banking needs—throughout their military career and beyond. Our longstanding ties to the community, knowledge of unique military circumstances, and personalized decision-making provide a useful guide in determining appropriate products and services to meet their diverse financial needs.
Many of our customers take advantage of our bank’s participation in the Department of Veterans Affairs home loan program, for example, to secure attractive rates and generous financing terms towards the purchase or refinance of a home.
The Farmers Bank’s financial services expertise and relationship-based lending model help us advise customers on how to maximize these programs. We also help our customers understand how these beneficial programs can be used for future home purchases as well as protections under the law, which suspends financial and civil obligations while serving on active duty.
As a Small Business Administration lender, The Farmers Bank also works with individuals transitioning from military service to civilian life to access special funding for veteran-owned small businesses, entrepreneurship training programs, and contracting opportunities offered through the SBA.
We also help military families prepare for retirement as the military migrates from a defined benefit to a Blended Retirement System. The system, which went into effect Jan. 1, 2018, offers monthly retired pay for life after at least 20 years of service, automatic and matching government contributions to Thrift Savings Plan account, a bonus called continuation pay, and a new lump-sum option at retirement.
At The Farmers Bank, we salute the men and women of our armed forces and their families for their service and sacrifice to help keep America safe and consider it a privilege and an honor to help fulfill their banking needs.
