It's been reported the Farmers Bank of Willards is seeing some pretty tough times right now and some wonder if they'll survive.Being a local bank, it would be a shame to see the, (I call it) "It's a wonderful life" bank lose out to its bigger rivals.
Time will tell and we wish them the best during these trying times.
I love the Farmers Bank of Willards. No service charges or minimum balance.
ReplyDeleteI am a loyal customer of Farmers Bank of Willards and have been since 2006...No matter what the situation if I call them they are quick to help me..recently someone tried to fraud my debit card..They were on the phone with me immediately, had already froze it and closed it...They were on top of a situation that could have cost me lots of money I definately dont have..I will remain with them til someone says I can't anymore..Good Luck all..
ReplyDeleteIt's sad to see another local victim of the New Bank In Town Syndrome!! My own name for it but, these other banks take over filter out all but the best loans and depositors then send everyone else on their way as they close down the "No We Are In This Market For The Long term" Savings & Loan after less than a year. Take a ride some day and look for local banks. They're harder to find than somebody that will admit they voted for Obama!!!
ReplyDeleteThe Bank Of Willards is a great place to bank as it has been for our family for the past 30 years.However they are having some rough times. FBWs stock 3 years ago was $80.00 a share, today you would be lucky to get $12.00. It will not get any better until things change at the top. The board needs to pull in the reins on Davis and stop listening to his BS.
ReplyDeleteFarmers Bank of Willards has a few tellers that love to talk about who has the most money in their accounts and gossip other account holders business.For this reason we closed our account out and went to PNC Bank in Pittsville.We love the employees at PNC they are very nice and help us with any situation!
ReplyDeleteAnd they talk about you when you leave
Delete1:53 you show me a teller at Willards talking about someones account and I will show you a teller without a job. I think you are talking out your a$$.
ReplyDeleteThey went on a spending spree a few years ago and now it's caught up to them.Why would you have 3 branches in OC?
ReplyDeletei agree 12.45!!! i sold all my stock during the boom for $60.00 a share . i knew when furman richardson was unloading his in drones it was time to unload mine. chris davis has run the bank in the ground and the board has let him because of pop. i do not in any way see them folding up though maybe some down sizing and branch closures but not closing
ReplyDeleteThis bank should've closed 10 years ago. Chris Davis has made very bad decisions. Taylor Bank would be in the same place if it weren't for the core rich people who hold it together. Local banks forget they are just locals and try to get too big. And, they get gobbled up. Both will be gone in 5-10 years. Shame but true.
ReplyDeleteI don't know where your reports are coming from however I can tell you Willards made a small profit this past year and Bank of Delmarva had a loss of over 2.9 million dollars this past year. How do I know, I own stock in both banks and I am looking at both banks 2011 Annual reports as I type this. Delmarva stock is trading at less than $2.00 a share as of Tuesday. Willards has made a profit the past 20 years that I know of. Both banks have had many splits & dividends over the years. Bay National did go bust last year and Taylor is doing well.
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