W. Floy Farr was a native of Fayette County, Georgia. Raised in Tyrone, he worked at Redwine Brothers, Bankers, and in other businesses owned by the Redwine family including a cotton gin and seed manufacturing plant. He attended Draughon’s Business School in Atlanta. He is credited with bringing telephone service and rural electrification to western Fayette County. Farr was instrumental in the development of Peachtree City, Georgia, handling the escrow of the initial land purchase, and as a member of the Board of Directors of the Fayette County Development Corporation. Later Farr, along with Peachtree City founder Joel H. Cowan, negotiated the purchase of Redwine Brothers Bank by Bessemer Corp., moving it to Peachtree City in 1965 as Fayette State Bank with Farr as president.