Peoples Bank & Trust Co. was begun in 1906 by M.H. Barrett, Sr. Now, 104 years later, the bank is still owned and operated by the Barrett family. The Bank is owned by Kay Barrett Branson and her son Ben Branson who also serves as the President, CEO, and Chairman of the Board.

M.H. Barrett was one of the town’s founders and opened the first business “on top of the hill” which was a drug store. Mr. Barrett believed in people and in their honesty, so he began loaning money to people in 1883 from the drug store that he owned and operated.