Farmers & Merchants Savings Bank

Status:Inactive as of 2019-08-16
 Merger - Without Assistance
Successor Bank:First National Bank
Headquarters:Farmers & Merchants Savings Bank
101 E Main Street
Manchester, IA 52057
Established:1925-07-20
FDIC Insurance:1934-01-01
FDIC Cert:#9298
Charter Class:Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
# of Branches:11
Total Assets:$627,974,000
Total Deposits:$537,289,000

History

1925-07-20Institution established: Original name:Farmers & Merchants Savings Bank
1944-11-18Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
1944-11-18Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
2000-10-12Reorganized.
2010-12-18Acquired Community National Bank (23306) in LINO LAKES, MN as part of a government assisted transaction.
2015-01-01Acquired Security Savings Bank (5795) in EAGLE GROVE, IA
2019-08-16Merged into and subsequently operated as part of First National Bank (4519) in WAVERLY, IA

Financial Information (2019-06-30 and Older)