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January 24, 2023

Farmington State Bank

Farmington State Bank, d/b/a Moonstone Bank, announced that the bank is returning to its original mission as a community bank and is discontinuing its pursuit to develop banking services for industries such as crypto assets or hemp/cannabis. The change in strategy reflects the impact of recent events in the crypto assets industry and the resultant changing regulatory environment relating to crypto asset businesses. Farmington State Bank will cease using the Moonstone Bank name. The Farmington State Bank brand will feature prominently throughout the bank's branding. Farmington State Bank is a Washington State bank that specializes in serving the needs of the local community in and around Farmington, Washington. With roots in the community since 1887, the bank has operated out of the same building since 1911 where it operates its single branch.

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