The Marion Bank and Trust Company was chartered March 15, 1934, opened for business on the seventeenth day of the same month. The original capital stock of the bank was composed of 500 shares at a par value of $50.00. This stock was sold for $60.00 per share, providing a capital of $25,000 and a surplus of $5,000. Thirty-five original stock holders subscribed for this stock.

A new building was constructed at 601 S. Washington Street in marion in 1973. A new branch was built at 2400 HWY 80 West in Selma in 2008.

Marion Bank and Trust Company officers are; E. R. Richardson, Jr., Chairman of BD; F. Conrad Taylor, President; Henry G. Richardson, Executive Vice President; Will H. Stewart, Vice President/Cashier; Preston Nichols, Vice President; Wayne Middlebrooks, Vice President and Forrest Hatfield, City President in Selma. The banks correspondents are Alabama Banker's Bank, and the Federal Home Loan Bank of Atlanta.

The history of Marion Bank and Trust Company reflects its steady growth. We know our future growth depends on customers and friends who have entrusted their business to us. We will continue our efforts to be of service to the people of this area.