Question 1

What is Farmers & Merchants Bank & Trust (Burlington, IA)?

Accepted Answer

Farmers & Merchants Bank & Trust is a locally owned and operated community bank serving Des Moines and Louisa Counties in southeastern Iowa. With approximately $213 million in assets, the bank provides a comprehensive range of personal and business banking services, combined with wealth management capabilities. As a subsidiary of Farmers & Merchants Bancshares, Inc., F&M Bank & Trust maintains its commitment to personalized service and local decision-making.

The bank operates four full-service branches in the Burlington, Iowa metropolitan area. F&M Bank & Trust distinguishes itself through its emphasis on community investment and keeping deposits and lending decisions local.

Question 2

When was Farmers & Merchants Bank & Trust (Burlington, IA) founded?

Accepted Answer

Farmers & Merchants Bank & Trust was chartered on March 1, 1916, originally as Farmers & Merchants Savings Bank. The founding was built on the belief that each and every client is important, establishing a personal approach to banking that continues today.

In 1965, the institution's name was changed to Farmers & Merchants Bank & Trust to reflect the expanded trust and wealth management services. Throughout its 108-year history, the bank has remained locally owned and operated, with leadership deeply rooted in the Burlington community.

Question 3

Where is Farmers & Merchants Bank & Trust (Burlington, IA) headquartered?

Accepted Answer

The bank is headquartered at 221 Jefferson Street in Burlington, Iowa. Burlington is located in Des Moines County, along the Mississippi River in southeastern Iowa.

Question 4

Where does Farmers & Merchants Bank & Trust (Burlington, IA) operate?

Accepted Answer

Farmers & Merchants Bank & Trust operates throughout the Greater Burlington area, with four domestic offices serving Des Moines and Louisa Counties in Iowa. The bank's service area is concentrated in the Burlington, IA-IL Combined Statistical Area, providing convenient access to customers throughout the region.

All branches are full-service facilities offering comprehensive banking services. The bank's market presence is strategically focused on the communities where it has maintained relationships for over a century.

Question 5

What services does Farmers & Merchants Bank & Trust (Burlington, IA) offer?

Accepted Answer

The bank provides a full suite of personal banking services including checking accounts, savings accounts, youth accounts, and various certificate of deposit options. Personal lending products include mortgage loans, home equity lines of credit, auto loans, boat and RV financing, and personal loans.

For business customers, F&M Bank & Trust offers business checking and savings accounts, operating loans, real estate financing, agricultural loans, farm machinery financing, livestock loans, and short-term business credit. The bank also provides merchant services, payroll solutions, remote deposit capture, and automated clearing house (ACH) services.

Wealth management services are a significant component of the bank's offerings, including trust services, investment management, brokerage services, financial planning, and retirement rollover assistance. Digital banking features include mobile banking with a dedicated app, online banking, telephone banking, bill pay services, mobile deposit, and Zelle payment services.

Question 6

What makes Farmers & Merchants Bank & Trust (Burlington, IA) unique?

Accepted Answer

F&M Bank & Trust's most distinctive characteristic is its unwavering commitment to local ownership and local decision-making. When customers obtain a mortgage or other loan, those loans remain on the bank's books rather than being sold to distant investors, ensuring that customer money stays local and works within the community.

The bank has endured and progressed through 108 years of banking industry changes while never wavering from its guiding principle: give people the type of bank that they want and need. This stability is reflected in its management structure, with Charles E. Walsh serving as CEO, President, and Chairman, supported by a team of experienced local banking professionals.

F&M Bank & Trust combines modern technology and convenience with traditional relationship banking. The bank's history is described as "the story of people - people with roots deep in the community," reflecting the knowledge and experience that have contributed to making it one of the most stable banks in Greater Burlington.

Question 7

What type of financial institution is Farmers & Merchants Bank & Trust (Burlington, IA)?

Accepted Answer

Farmers & Merchants Bank & Trust is a State Commercial Bank operating under Iowa state charter. The bank holds FDIC insurance and is regulated by state banking authorities.

As a true community bank, F&M Bank & Trust exemplifies the community banking model by maintaining local ownership, employing local decision-makers, and reinvesting in the communities it serves. The bank operates as a subsidiary of Farmers & Merchants Bancshares, Inc., a holding company, but maintains its independence and local focus while benefiting from the stability of the holding company structure.

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About Farmers & Merchants Bank & Trust (Burlington, IA) in the United States

Farmers & Merchants Bank & Trust (Burli­ngton, IA)