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Showing posts from July, 2019

Celebrating 40 Years of History

Most anyone you speak to in the cozy downtown streets of Russell and Washington County Virginia will tell you a little something they know about First Bank & Trust Company. The Bank name is well known, and its brand is woven into the very fabric of these communities. However, there are only a handful of people who know this Bank’s original name. Chartered as First Russell County Bank and Trust Company in 1976, the Bank opened its doors with 185 original shareholders, 50,000 shares at $20 per share, $1 million in capital and one office on Main Street in Lebanon, Virginia.  That was just the beginning. 1980’s – 1990’s In 1984, First Russell County Bank moved into Washington County and opened its second office in Abingdon, Virginia. The name changed to The First Bank & Trust Company and the Bank continued to grow branch offices in southwest Virginia. In 1992, First Bancorp, Inc., the holding company for The First Bank & Trust Company, was organized. In 1995, the Bank re