History

Morgantown Deposit Bank was established in 1880 by a special handwritten charter signed by Governor Luke Blackburn. According to the charter $10,000.00 worth of stock was sold and T.C. Carson was elected President.

Business began in June 1880, in the back part of Kelly Dry Good Building.

In 1885 the bank moved into their new two story brick building. The bank remained at this location for seventy six years until a new modern building was constructed across the street.

The new building contained a drive-through facility, the first in the county. A branch bank opened in 1971 and the bookkeeping department was moved into a house located behind the main bank. Tyler street drive-through was opened in 1977. Expansion to the main bank was done in 1986 with a new addition adding several new offices and an enlarged parking lot. The Data Center was built in 1994. Not only is this addition the center for bookkeeping but is the meeting place for the bank's Board of Directors. This million-dollar building also boasts a large meeting room used for bank sponsored community events.

The name of Morgantown Deposit Bank was changed to Morgantown Bank and Trust in 1984 when full trust powers were granted.

A new branch office, Morgan Manor Branch, was built in 1996. Located on Highway 231 south of Morgantown, this facility is a full service bank with a drive-up ATM and three drive-thru lanes.

Throughout its history the bank has weathered wars, floods, depressions and other setbacks but has never closed its doors.

Today the bank is a sound progressive financial institution offering its customers a wide range of services.