Consumer Alerts | Protect Your Identity    

What's New

Notice of Expiration of the Temporary Full FDIC Insurance Coverage for Noninterest-Bearing Transaction Accounts

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit

IDTheftSmart Protection Plan Now Available

IDTheftSmart, an identity protection, detection and restoration plan is now available to our customers. IDTheftSmart Information.

$250,000 FDIC Insurance Made Permanent

FDIC insurance coverage on your accounts has been permanently increased to $250,000 per depositor under legislation signed into law by the President on July 21st, 2010. What this means for you is that your money is safe and sound when you deposit your money in an FDIC insured community Bank. If you have questions about your FDIC coverage, please call or stop in to talk to one of our employees.

Click this link to use the FDIC's Insurance calculator to see if all of your funds are insured.

F&M Receives 5 Star Safety Rating

Bauer Financial, an independent company that rates the safety of financial institutions, has given the 5 star rating, the highest rating available, to Farmers & Merchants State Bank. We are proud of this rating, and it confirms the safety of your money when you bank with us. Ratings for all U.S. financial institutions can be found free of charge at

Farmers and Merchants State Bank
125 E James Street P.O. Box 137
Paynesville,MN 56362