Our History
Memphis banking pioneer, Frank Cianciola, founded Bank3 in June 2016 by acquiring The Farmers Bank in Woodland Mills, Tennessee, a tiny town tucked away near the Kentucky border just beyond Union City.
Highlighted in an article by the TN Banker’s Association, history tells us that Mr. Cianciola “called a friend in the West Tennessee banking community seeking ideas for potential targets. A few days later, the friend called back and suggested The Farmers Bank, which had a proud history in the small agricultural community stretching back to 1910.”
At the time of the purch
ase, Farmers Bank was the 36th smallest bank in the nation-out of 6,000 banks. Fast forward to the summer of 2024, Bank3 now has $450,412,000 in assets, with $387,352,000 in deposits, and $375,607,000 in loans and consistently growing.
What once was viewed as humble beginnings in an old medical practice using card tables as desks,Bank3’s brick & mortar now stretches across 2 states, with 6 locations in Tennessee and 1 in Mississippi. Services include personal banking, commercial banking, treasury management, mortgage lending, traditional lending, and more.
Bank3’s philosophy has been built on Frank Cianciola’s vision of 3 pillars: Talent, Tradition, and Technology.
Bank3 is committed to bringing the best by utilizing talented industry professionals, offering the latest in technology while adhering to the personalized service that our customers expect from us. Our aim is to make banking more convenient, secure, and efficient, while maintaining the strong community connections that have always been Bank3’s hallmark.