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Experience the Magnolia Way

Local. Personal. Trusted.

Our History

On July 20, 1919, twenty-eight local men and women invested $15,000 to charter the Bank of Magnolia. On September 29, 1919, Magnolia’s first banking center opened its doors for business in a 500 square foot building located in downtown Magnolia, KY.

Photo of Bank of Magnolia from 1919
Photo of Bank of Magnolia from 1919

The Bank operated in one location until 1980 when the Board of Directors applied for and received regulatory approval to establish a banking center in LaRue County. On February 2, 1981, the Bank opened its first branch in Hodgenville, KY. Since then, Magnolia Bank has grown to open additional banking centers in Hodgenville and Elizabethtown, KY. Magnolia Bank has also expanded its Mortgage Lending Division with offices located throughout the United States.  

Bank of Magnolia Board of Director group photo from late 70's
Bank of Magnolia Board of Directors from the late 70's

As a result of this growth, and as a reflection of the local expansion into the Hardin County market, in 2004 the bank changed its name to Magnolia Bank. The change honors the bank's past, but also reflects the bank's progressive philosophy of serving new markets.

In 2010 the bank established Lease One Magnolia, a subsidiary located in Louisville, KY and specializing in commercial leases.

As of December 2021, Magnolia Bank has grown to over $500 million in total assets and is among the top producing mortgage originators in the country with over $2 billion in home loans closed annually.

Magnolia Mission

Magnolia Bank is committed to an excellent customer experience, enhancing shareholder value, nurturing our employees' personal and professional growth, and supporting local communities.

Magnolia Values

  • Honesty and Integrity – Building relationships as your trusted financial partner.
  • Confidentiality – Keeping personal and financial information private.
  • Excellence and Professionalism – Delivering exceptional service to our customers with accuracy and properness.
  • Empower, Encourage and Engage – Cultivating an environment for success.
  • Customer Focus – Providing personal service, the Magnolia Way.
  • Adaptive and Innovative – Creating value with new ideas and continual improvements.

Magnolia Purpose

Empowering Opportunity
6 Magnolia Bank employees holding a prize check poster

Investing in Communities

$27,800 donated to LaRue County Parks and Recreation for the construction of a full-size soccer and football field.
Exterior of building with people walking around

Advancing Education

$50,000 donation to support the development of Elizabethtown Community and Technical College’s University Center to make higher education more accessible and affordable.
Portrait of 7 people, police officers and magnolia bank employees

Fostering Safe Communities

The Magnolia Way. It’s what has set Magnolia Bank apart for more than one hundred years, is demonstrated by the relationships we’ve fostered, and is seen in our commitment to providing an excellent customer experience.

Our Board

  • Eric Garrett, Board Chair
  • Henry Hawkins
  • Ron Sanders
  • Glenn Catlett
  • James Mason
  • Reggie McCubbin
  • HY Davis IV
  • Rebecca Irvine
  • Lowell Stokes
  • Deena London
  • Ken Adams