History of F&M Bank - A History of Banking Dating Back to 1907 (2024)

FAQs

What is the history of F&M bank? ›

Founded in the quaint town of Bumpus Mills, Tennessee, in 1906, F&M Bank was originally known as Farmers & Merchants Bank. This name laid the foundation for a legacy that, despite its initial appearance, would prosper into a dynamic and respected institution.

Central Bancshares Inc., a community bank holding company based in Muscatine, announced that it has merged two of its subsidiaries, Galesburg, Ill. -based F&M Bank and Muscatine-based CBI Bank & Trust.

The origins of banking can be traced back to ancient Mesopotamia, around 2000 BCE, where the first known form of lending took place. Temples, often considered the earliest banks, served as repositories for valuable items and grain, and priests would lend these resources to local farmers and merchants.

After its acquisition by Mercantile Bankshares in 2003, Farmers & Mechanics Bank solidified its position as the largest bank in Frederick, as it merged with Fredericktown Bank & Trust which had been operating as a Mercantile affiliate for more than twenty years.

Franklin & Marshall College is renowned for its high academic standards, culture of creativity and innovation, and extraordinary opportunities for students to be the curators of their own academic experiences.

Since 1907. Remembering what matters has always guided us on a steadfast path to growth and security.

It's a true community bank.

FDIC Insurance coverage is an important benefit of banking with Farmers & Merchants Bank. You can rest assured that your deposits are safe and secure.

“At the close of 2019, the bank had $7.6 billion in assets, and we have now reached $11.7 billion,” said Wheeler, adding that there was a period during the onset of COVID during which F&M's assets grew more in 100 days than the institution did in its first 95 years of operation (1907-2002).

The oldest bank still in existence is Banca Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472.

Which bank is the oldest in the US? ›

Future Treasury Secretary Alexander Hamilton founds the Bank of New York, the oldest continuously operating bank in the United States—operating today as BNY Mellon.

Through our Mobile Website or our Mobile Banking App, you can: view account balances & transactions.

It's easy — Zelle^® is already available within F&M Online and Mobile Banking in the “Transactions” section. Check out our app or sign-in to F&M Online Banking and follow a few simple steps to enroll in Zelle^® today. What if I want to send money to someone who's financial institution doesn't offer Zelle®?

Merrimack County Savings Bank was founded in 1867 to provide the people of the Concord, NH area with a means of earning interest on their savings, as well as a source from which they could borrow funds to acquire a home.

Its original location was at the Pico Building, on Main Street, between what is now US 101 and Temple, roughly at the site of the Triforium. The Farmers and Merchants Bank was the first incorporated bank in Los Angeles, founded in 1871 by Isaias W.

First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee.

Founded in 1916, F&M Bank is a locally owned and operated community bank, headquartered in Lodi, California proudly serving California through 32 convenient locations.