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CFSB History

Becoming Western Kentucky’s Community Bank

History About CFSB

How we became Western Kentucky's community bank

Until 1890, commerce had always been slowed in Marshall County, Kentucky because there was no bank. When construction of the Paducah, Tennessee and Alabama Railroad began in 1889, a number of county businessmen set in motion plans to incorporate a bank. In March of 1890, a bill was introduced in the General Assembly in Frankfort. This bill received final approval on April 16, 1890, thus Community Financial Services Bank (CFSB) was born. The capital stock of CFSB was initially $12,500.00.

From this humble beginning, CFSB has not only grown financially to more than $1.2 billion, but the bank itself has become an institution in Western Kentucky. CFSB has also grown from its original site on the Benton Court Square to three Marshall County Banking Centers with two locations in both McCracken and Calloway County, and a single banking center in Graves County.

On April 16, 2020, CFSB celebrated its 130th anniversary. It is because of you, our valued clients, that we have been able to become Western Kentucky’s Community Bank! We recognize our role as a Community Bank in the communities we serve. We believe in supporting and giving back to these communities and focus our corporate giving in the areas specifically designed to assist youth, improve education, aide community development and support the arts. Please join us in going down memory lane from our humble beginnings to our current financial institution employing over 300 team members.

Our Story Through Time
  • 1890
    Bank of Benton chartered and incorporated (First bank established in Marshall County). The Bank of Benton's first vault pictured below.
    $26,221.46 at year-end
  • 1966
    Bank of Benton moved to 1012 Main Street
  • 1972
    Aurora Banking Center opened
  • 1974
    Draffenville Banking Center opened
  • 1974
    First Watermelon Bust with performances by The Country Singers, The Smith Brothers, and Richard Ready
  • 1981
    Benton Bancorp (Holding Company) formed
  • 1985
    Benton Bancorp purchased Calvert Bank
  • 1988
    Operations building opened
  • 1997
    Benton Bancorp changed to Community Financial Services, Inc.
  • 1999
    Fifth Street Banking Center opened
  • 2001
    Calvert Bank incorporated into Bank of Benton
  • 2004
    McCracken County Banking Center opened
  • 2007
    Bank of Benton name changed to Community Financial Services Bank
  • 2007
    New McCracken County Banking Center built
  • 2008
    Calloway County Banking Center opened
  • 2010
    CFSB acquired lifetime rights to the CFSB Center at MSU
  • 2011
    New Calloway County Banking Center built
  • 2012
    Benton Banking Center building completed
  • 2017
    McCracken Southside Banking Center opened
    $1.06 Billion
  • 2019
    Graves County Banking Center opened
    $1.23 Billion
  • 2020
    Calloway County Sycamore Banking Center opened
    $1.237 Billion
  • 2021
    Lone Oak LTM opened
    $1.449 Billion

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