Chappell Hill began as an agricultural community in 1847 but had no bank until a population boom in the early 1900s brought wealth and economic prosperity. Farmers State Bank organized in March 1907 and opened in September of that year with J. J. Shaver as president. Alex Griffin of Brenham was awarded the contract for the construction of a fireproof building. The one-story bank features large storefront panels and transoms and a plaster over brick finish. The bank, renamed Chappell Hill Bank in 1986, also acquired the 1878 W. R. Reinstein Store, a one-story, four-bay brick building with arched entry doors, a stepped parapet and decorative brick corbelling. Recorded Texas Historic Landmark - 2009