Farmers And Merchants Bank Broadway Va (2024)

FAQs

What are CD rates at F&M bank? ›

F&M Bank has grown slowly and safely since 1907, earning its reputation as “California's Strongest.” At a time when the instability of the market caused great unease among investors, founder C.J. Walker solidified the credibility of the family name by reassuring frightened depositors that their money was safe.

Chief Executive Officer

W. Henry Walker began his career with F&M in 1983 on the teller line. Today, he serves as the Bank's Chief Executive Officer.

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

Farmers & Merchants Bancorp, trades on the OTCQX under the symbol FMCB, is the parent company of Farmers & Merchants Bank of Central California, also known as F&M Bank. Founded in 1916, F&M Bank is a locally owned and operated community bank, which proudly serves California through 32 convenient locations.

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.

Walker founded F&M Bank more than 100 years ago. Today Daniel K. Walker, fourth generation Executive Chairman of the Board, his brother Henry, CEO, and their father Kenneth, President of the main branch, oversee the bank through the lens of their founding father. We bank the way we live.

TowneBank (Nasdaq: TOWN) announced today the completion of its merger with Farmers Bankshares, Inc. and its subsidiary, Farmers Bank, Windsor, Virginia.

Who bought Farmers State bank? ›

These men were R. B. Fitzgerald, J. A. Dodson, J. R. Hawkins, John Merrick, Aaron M. Moore, W.G. Pearson, James E. Shepard, G. W. Stephens, and Stanford L.

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.

FDIC Guarantee

There is no need for depositors to apply for FDIC insurance or even to request it; coverage is automatic.

Pick a CD term that works for you and earn up to 4.25% APY!* Saving for the future doesn't have to be hard. Now at F&M, you can choose a Certificate of Deposit with the right maturity date for you.

Interest will be paid on your daily account balance as follows: If your daily balance is $99,999.99 or less, the interest rate paid on the entire balance will be 1.73% with an APY of 1.75%. If your daily balance is $100,000.00-$249,999.99, the interest rate paid on the entire balance will be 2.00% with an APY of 2.02%.

Currently, national average rates for a 1-year CD sit at 1.85% APY, up from 0.15% APY in April 2022. But with no change to rates since December 2023, it doesn't appear rates will continue to go up, at least significantly.