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F&M Bank history
F&M Bank company history timeline
Farmers & Merchants Savings Bank opened for business in Manchester, Iowa on July 20, 1925.
Burbridge was President until his sudden death at the age of 59 in July of 1950.
In 1971, F & M Bank along with First State Bank sponsored an ecological promotion in connection with Manchester’s Annual Ridiculous Day.
Until in 1972, John R. Wallace became president and CEO. Wallace then began turning the small rural bank into a financial, civic, and community leader.
In January, 1974, F & M Bank opened a Drive-Up facility at 105 East Delaware in Manchester.
In 1975 the Bank celebrated a major renovation and expansion of its main facility.
In November of 1978, R.E. Tool sold controlling interest in the Bank to Cecil W. Dunn and his family.
After moving into neighboring Dover, in 1988 the bank set sights on Clarksville as the most logical market for expansion.
By 1989, Farmers & Merchants Bank opened for business in Montgomery County.
Karen started in January of 1990! She has seen it all! She loves her customers and one of the many reasons why its Your Money, Smart Choice!
In 1990, Sammy Stuard was named president and later assumed CEO duties, while Wallace maintained his role as chairman.
In June of 1994, the Bank purchased the former United Federal Savings Bank in Cedar Rapids from the Resolution Trust Company.
In 1997, the bank targeted Wilson County and opened its ninth office in Lebanon.
In 1999, to enhance client service and promote opportunities for growth, F & M acquired the former First National Bank building located at Second Avenue & First Street SW, Cedar Rapids.
F & M Bank expanded into the Anamosa market in November 2004; beginning in a temporary location, and a year later, constructing a permanent facility in downtown Anamosa.
Juliet want to be your bankers! Since starting its presence there in 2006, F&M Bank has grown to serve the personal, business, and mortgage needs of the Mt.
On December 17, 2010, F & M Bank entered into a purchase and assumption agreement with the FDIC to assume all of the deposits of Community National Bank of Lino Lakes and Vadnais Heights in Minnesota.
F & M Bank added it’s seventh location in February 2014 in downtown Monticello, Iowa which was formerly occupied by Bank of the West.
Hi-Q was the recipient of the 2015 Achievement in Education award from the Marinette-Menominee Chamber of Commerce.
F&M Bank was purchased by Gaylon Lawrence, Jr in 2015.
Our CEO Sammy Stuard shares a company-wide recap for 2018.
In 2020, F&M Bank was recognized by the ABA Foundation Community Commitment Award for its OPERATIONS: Partners Serve Program which provides a variety of critical resources and opportunities for members of the military community.
Rate F&M Bank's efforts to communicate its history to employees.
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F&M Bank competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Community Savings Bank | 1910 | $30.1M | 100 | 69 |
| Rockland Trust | 1907 | $197.9M | 911 | 115 |
| Valley National Bank | 1927 | $26.4M | 2,842 | 389 |
| Bank Of Bartlett | - | $35.0M | 160 | 4 |
| Union State Bank | - | $46.0M | 95 | 30 |
| Pioneer Bank | 1909 | $10.5M | 52 | 49 |
| Orrstown Bank | 1919 | $127.9M | 350 | 40 |
| Central Bank Illinois | 1907 | $33.1M | 5 | - |
| Fidelity Bancorporation | - | $41.0M | 249 | 68 |
| Lafayette Bank | - | $37.0M | 50 | 2 |
F&M Bank history FAQs
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