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Planters Bank and Trust Company opened its doors for business in 1920 in Ruleville, Mississippi. In July 1920, the bank had total assets of $268,000. As of December, 2013, the figure has grown to over $750,000,000.00. The bank is now headquartered in Indianola. The bank began to expand into a “system” of banks serving the Central Mississippi Delta region when it opened a branch in Indianola in 1940. In 1941, a branch office was opened in Sunflower, and in 1951, a branch was opened in Louise. The bank expanded to Greenville in 1970 and purchased the Inverness branch from Deposit Guaranty National Bank in 1986. The Cleveland branch opened in 1996 with Greenwood and Leland opening in 1999. The bank now has a total of thirteen full service offices in nine Delta communities. A one-bank holding company, “Planters Holding Company,” was formed in early 1981. Planters Holding Company now owns 100% of the common stock of Planters Bank and Trust Company. Planters Holding Company operates at the same address as the bank office in Indianola.
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Merrick Bank was founded in 1997 and is a top-20 issuer of Visa® cards. In addition, Merrick Bank is an authorized issuer of MasterCard® cards. Merrick Bank also provides finance options to Marine and RV Dealers throughout the country, helping to facilitate Boat and RV purchases for consumers. Merrick Bank proudly serves over 2,.4 million cardholders and $5.3 billion in assets. Merrick Bank specializes in credit programs that assist consumers looking to establish or rebuild their credit rating. Merrick Bank is FDIC insured and offers Certificates of Deposit with a variety of rates and terms to fit your needs. Our Mission is to make a positive difference in the lives of our customers, our employees, and our community. We work hard to create a work environment that empowers our associates to grow, learn, and reach their potential.