In the late 1850s, an Irish man by the name of Mark Tully arrived in Converse, Indiana. By 1885, he established Mark Tully’s Exchange Bank. The Exchange quickly became known as one of the most solid and dependable in the area. With investment from other area businessmen, the operation became known as the Farmer State Bank in 1907.
The Farmer State Bank weathered the Great Depression and several agricultural hardships. In 1946, Farmer State Bank and its local competitor First National Bank merged to form First Farmers National Bank.
