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 as well as two locations in both McCracken County and Calloway County, and a single banking center in Graves County.
On April 16, 2020, CFSB celebrates 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.
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
Bank of Benton moved to 1012 Main Street
Aurora Banking Center opened
Draffenville Banking Center opened
First Watermelon Bust with performances by The Country Singers, The Smith Brothers, and Richard Ready
Benton Bancorp (Holding Company) formed
Formation of what would become CFSB Investments
Benton Bancorp purchased Calvert Bank
Operations building opened
Benton Bancorp changed to Community Financial Services, Inc.
Fifth Street Banking Center opened
Calvert Bank incorporated into Bank of Benton
McCracken County Banking Center opened
Bank of Benton name changed to Community Financial Services Bank
New McCracken County Banking Center built
Calloway County Banking Center opened
CFSB acquired lifetime rights to CFSB Center at MSU
New Calloway County Banking Center built
Benton Banking Center building completed
Stock Split - 8 for 1
McCracken Southside Banking Center opened
Graves County Banking Center opened
Stock Split - 4 for 1
Calloway County Sycamore Banking Center opened