Elizabeth Burns Anderson, executive director of the Farmers Bank Foundation (Jason Burt)
Elizabeth Burns Anderson, a fifth-generation banker and Magnolia native, was named executive director of the new Farmers Bank Foundation in May. She is also a senior vice president at the bank.
Burns Anderson has more than 20 years of experience in finance and banking. She was appointed consumer representative of the Arkansas State Medical Board last year and is a Lonoke School Board member. Burns Anderson is also a founding member and chairman of the Lonoke Community Fund, a chapter of the Arkansas Community Foundation, and president of the Lonoke Century League. She holds a bachelor’s degree in finance and commercial banking from the University of Arkansas.
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Farmers Bank & Trust of Magnolia has formed a nonprofit foundation, the Farmers Bank Foundation, which will operate independently from the bank.
The foundation aims to support local nonprofits whose mission it is to purposefully enrich the quality of life in the communities where the bank’s customers and employees live. It will also fund projects that help veterans, law enforcement and civic workers, and boost education and encourage wellness.
The foundation s funding is made possible by the bank s shareholders and employees in Arkansas and Texas, but the amount is not finalized, spokeswoman Rachael Potter told Arkansas Business.
Elizabeth Burns Anderson will manage the foundation as its executive director. She is a fifth-generation employee of Farmers Bank & Trust and native of Magnolia.