Farmers and Merchants State Bank of Appleton

Farmers and Merchants State Bank of Appleton is a small, locally owned community bank serving Appleton, Minnesota, and the surrounding Swift County area. With approximately $59.4 million in assets and a single branch location, the bank focuses on agricultural lending and traditional community banking services. Operating as a state-chartered bank supervised by the FDIC, it emphasizes personal relationships and local decision-making while maintaining strong financial performance with an impressive 22.65% return on equity.