Bank Code Verified


Routing Number: 082901091 (Please note that this number is no longer in service. Kindly refer to the new Routing Number provided below)

New Routing Number: 082901635

Date of Revision: 033015


Address: P O BOX 250


State: AR

Zip: 71754

Phone: (870) 235-7000

Understanding Routing Numbers and Their Significance in Banking TransactionsWhen it comes to banking transactions, routing numbers play a vital role in ensuring smooth and accurate transfers of funds. In this article, we will explore what routing numbers are, why they are important, and how they are used in the banking industry.

Additionally, we will take a closer look at the Farmers Bank and Trust Company, providing a brief history of this renowned financial institution. Topic 1: Understanding Routing Numbers

1.1 What are routing numbers?

– Routing numbers, also known as ABA numbers or routing transit numbers (RTNs), are 9-digit codes assigned to banks and financial institutions in the United States. – Each routing number is unique to a particular bank and is used to identify the financial institution when transferring funds electronically.

– Routing numbers are essential for various banking transactions, including direct deposits, wire transfers, and electronic payments. 1.2 How are routing numbers used?

– When you set up a direct deposit for your paycheck, the routing number is used to ensure that your money is sent to the correct bank and account. – For online bill payments, the routing number is necessary to connect your bank account with the payee’s account.

– When initiating a wire transfer, the routing number helps to direct the funds to the appropriate financial institution. – Routing numbers are also used for automated clearinghouse (ACH) transactions, such as direct debits or e-checks.

1.3 Where can you find your routing number? – Your routing number can typically be found at the bottom left-hand corner of your checks.

– It may also be available on your bank’s website, through online banking services, or by contacting your bank directly. 1.4 Why is the routing number important?

– Routing numbers ensure the accuracy and efficiency of financial transactions, reducing the risk of errors or misdirected funds. – By using routing numbers, banks are able to communicate and coordinate seamlessly, allowing for smooth transfers of funds between different institutions.

Topic 2: A Brief History of Farmers Bank and Trust Company

2.1 Founding and early years

– Farmers Bank and Trust Company was established in [YEAR] by a group of local farmers and businessmen in Magnolia, Arkansas. – The bank initially operated from a small office and focused on serving the agricultural community.

2.2 Growth and expansion

– Over the years, Farmers Bank and Trust Company experienced steady growth, expanding its range of services and customer base. – The bank established new branches in neighboring towns and continuously adapted to meet the changing needs of its customers.

2.3 Commitment to the community

– Farmers Bank and Trust Company has always been deeply rooted in its commitment to the community. – The bank actively supports local events, charities, and organizations, contributing to the development and wellbeing of the communities it serves.

2.4 Renowned reputation

– Due to its strong financial performance, outstanding customer service, and commitment to community development, Farmers Bank and Trust Company has earned a stellar reputation in the region. – The bank is known for its personalized approach to banking, offering a wide range of financial products and services tailored to meet the unique needs of its customers.


In conclusion, understanding routing numbers and their significance in banking transactions is crucial for anyone who wants to navigate the world of finance more effectively. By grasping the basics of routing numbers, individuals can ensure secure and accurate transfers of funds.

Furthermore, learning the history of esteemed institutions like Farmers Bank and Trust Company allows us to appreciate the vital role they play in shaping local communities and supporting economic growth. Topic 3: Key Functions of Routing Numbers

Routing numbers serve several key functions in the world of banking transactions.

In this section, we will explore the primary roles that routing numbers play, emphasizing the importance of these unique codes. 3.1 Identifying the Bank

One of the essential functions of routing numbers is to identify the specific bank or financial institution involved in a transaction.

With millions of banks operating worldwide, it is crucial to have a standardized system to distinguish one institution from another. Routing numbers accomplish this task by providing a unique identifier for each bank, ensuring that funds are directed to the correct destination.

For example, let’s say you are making a wire transfer from your bank account to a friend’s account at a different bank. The routing number assigned to your friend’s bank enables your financial institution to establish a direct connection and route the funds accurately.

This eliminates the possibility of the transfer being mistakenly sent to another bank with a similar name. 3.2 Routing Funds Efficiently

Routing numbers also play a vital role in ensuring the smooth and efficient transfer of funds between banks.

When you initiate a transaction, such as a wire transfer or direct deposit, the routing number allows the sending bank to identify the specific receiving bank quickly. This information enables the funds to be routed through the correct channels, ensuring that they reach their destination securely and without unnecessary delays.

Without routing numbers, the process of transferring funds between financial institutions would be significantly slower and more prone to errors. Proper routing ensures that the funds are delivered promptly, allowing individuals and businesses to meet their financial obligations without unnecessary delays.

3.3 Facilitating Electronic Payments

In an increasingly digitalized world, routing numbers are crucial for facilitating electronic payments. When making online purchases or paying bills electronically, the routing number enables the payment processing system to connect your bank account with the intended recipient’s account.

This ensures that your payment is properly recorded and processed, eliminating the need for physical checks or cash transactions. By simplifying the payment process, routing numbers have revolutionized the way individuals and businesses manage their finances.

Electronic payments are not only more convenient but also offer greater transparency and security compared to traditional payment methods. Topic 4: The Role of Routing Numbers in Bank Transactions

Routing numbers serve as the backbone of various banking transactions, ensuring accurate and secure transfers of funds.

In this section, we will examine how routing numbers are utilized in different types of bank transactions, further emphasizing their significance. 4.1 Direct Deposits

Direct deposits are a common method used by employers to pay their employees’ salaries.

When setting up direct deposit, your employer will ask for your bank account number and routing number. The routing number is crucial in this process since it allows your employer’s bank to route your salary to the correct financial institution.

This simplifies the payroll process, ensuring that your funds are deposited directly into your bank account without any manual intervention. 4.2 Wire Transfers

Wire transfers are used for sending large sums of money quickly and securely between banks or individuals.

When initiating a wire transfer, the routing number plays a critical role in directing the funds to the appropriate recipient. The sender provides their bank with the recipient’s routing number and account number, allowing the financial institution to transfer the funds accurately.

The use of routing numbers in wire transfers is essential for preventing errors and ensuring that the funds reach the intended recipient. Without routing numbers, wire transfers would be a complex and error-prone process, resulting in potential delays or misdirected funds.

4.3 Automated Clearing House (ACH) Transactions

Automated Clearing House (ACH) transactions are electronic transfers of funds between different banks. These transactions include direct debits, e-checks, and electronic payments.

When initiating an ACH transaction, the routing number is used to identify the receiving bank and ensure that the funds are routed correctly. ACH transactions have become increasingly popular due to their convenience and efficiency.

Routing numbers enable seamless communication between banks, allowing for the swift and accurate transfer of funds for activities such as bill payments, subscriptions, and online purchases. 4.4 Electronic Funds Transfer (EFT)

Electronic Funds Transfer (EFT) is a broad term that refers to the electronic movement of funds between different accounts.

Routing numbers are utilized extensively in EFT transactions to ensure proper routing and delivery of funds. Whether you are transferring money between your own bank accounts or sending funds to a third party, the routing number is a critical component in processing the transaction accurately.

EFT transactions have revolutionized the way we manage our money, offering a simpler, faster, and more secure alternative to traditional paper-based transactions. In conclusion, routing numbers serve as a fundamental element in various banking transactions.

They play a vital role in identifying banks, routing funds efficiently, and facilitating electronic payments. From direct deposits to wire transfers, routing numbers ensure the accuracy and security of financial transactions, making them indispensable in the modern banking industry.

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