Experience the Magnolia Way
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.
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.
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 Bank is committed to an excellent customer experience, enhancing shareholder value, nurturing our employees' personal and professional growth, and supporting local communities.
- 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.
Logan S. Lamkin – Bank of Magnolia’s first president who served from 1919 to 1957.
Howard L. Lamkin – succeeded Logan S. Lamkin as president and served in this capacity until 1977.
Herbert E. Peace – served as the Bank's third president from 1977 until 1983.
Ronald L. Sanders – elected as the Bank's fourth president in 1983 and retired on December 31, 2017, after 34 years.
Deena London – elected as the fifth president of Magnolia Bank in 2019 and currently serving as President and Chief Bank Executive.
- 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