F & M Bank Minnesota

Status:Inactive as of 06/25/2021
 Merger - Without Assistance
Successor Bank:FM Bank
Headquarters:F & M Bank Minnesota
940 10th Ave
Clarkfield, MN 56223
Established:01/28/1919
FDIC Insurance:01/01/1934
FDIC Cert:#10184
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$156,998,000
Total Deposits:$137,387,000

History

1919-01-28Institution established: Original name:Farmers and Merchants State Bank of Clarkfield, Incorporated
1996-12-31Changed name to Farmers & Merchants State Bank of Clarkfield
1996-12-31Reorganized.
2010-10-01Changed name to F & M Bank Minnesota
2014-02-07Moved bank headquarters from CLARKFIELD, MN to OLIVIA, MN
2014-02-07Acquired The Citizens State Bank of Olivia (15375) in OLIVIA, MN
2021-06-25Merged into and subsequently operated as part of FM Bank (10998)
2023-03-24Acquired State Bank of WheatonFM Bank (8827) in WHEATON, MN.
2023-09-26Moved bank headquarters from 702 Prentice St, GRANITE FALLS, MN to 220 Elm Ave E, WASECA, MN.
2023-10-26Changed Bank Class to NM.
2023-10-26Institution withdraws from membership in the Federal Reserve System.

Financial Information (2021-03-31 and Older)