About
Farmers & Merchants Bank (F&M Bank) is a community bank headquartered in Piedmont, Alabama. It was established in 1915 and has been serving the local community for over a century. The bank provides a range of financial services to individuals and businesses, including checking and savings accounts, loans, mortgages, online banking, and more.
F&M Bank prides itself on being a community-focused institution that understands the needs of its customers. Its mission is to provide personalized service and competitive products while maintaining financial stability and security. The bank has several branches located throughout northeastern Alabama, serving customers in Calhoun, Cleburne, and Cherokee counties.
F&M Bank is committed to giving back to the community and supporting local organizations and causes. The bank sponsors local events and provides financial support to schools, charities, and other community initiatives. Overall, F&M Bank is a trusted financial institution that has been a cornerstone of the community for over a century.
Key Features
Here are some key features of Farmers & Merchants Bank:
- Community-focused. This is a community bank that is dedicated to serving the local community and understands the unique needs of its customers.
- Range of Financial Services. Customers are offered a variety of financial services to meet the needs of individuals and businesses, including checking and savings accounts, loans, mortgages, and online banking.
- Financial Stability. F&M Bank is committed to maintaining financial stability and security for its customers.
- Personalized Service. The bank provides personalized service to its customers, with a focus on building long-term relationships and understanding each customer's individual needs.
- Local Branches. F&M Bank has several branches located throughout northeastern Alabama, making it convenient for customers to access their services.
- Community Involvement. The financial institution is actively involved in supporting local organizations and causes, including sponsoring local events and providing financial support to schools and charities.
Overall, Farmers & Merchants Bank is a trusted financial institution that offers a range of services and is dedicated to serving its local community.
Requirements
To open an account at Farmers & Merchants Bank in Alabama, you typically need to provide the following:
- Personal Information. You need to provide personal information such as your name, address, date of birth, and Social Security number.
- Identification. It is necessary to provide a valid form of government-issued identification, such as a driver's license or passport.
- Initial Deposit. You may need to make an initial deposit to fund your account. The amount required may vary depending on the type of account you are opening.
- Additional Documentation. Depending on the type of account you are opening and your specific situation, you may need to provide additional documentation. For example, if you are opening a business account, you may need to provide proof of your business registration.
It's a good idea to contact the bank directly to confirm their specific requirements for opening an account, as they may vary depending on the type of account and other factors.
Access on the Go
Farmers & Merchants Bank offers several options for customers to access their accounts on the go, including:
- Online Banking. The bank offers online banking, which allows you to access your accounts, view account balances and transaction history, transfer funds, pay bills, and more. You can access online banking through the bank's website or mobile app.
- Mobile Banking. F&M Bank also offers a mobile banking app that you can download to your smartphone or tablet. The app allows you to check your account balances, transfer funds, pay bills, deposit checks, and more.
- ATMs. The bank has several ATMs located throughout northeastern Alabama, which you can use to withdraw cash, check your account balance, and more.
- Telephone Banking. If you prefer to use the phone, F&M Bank offers telephone banking, which allows you to check your account balance and transfer funds using your touch-tone phone.
Overall, Farmers & Merchants Bank in Alabama provides multiple options for customers to access their accounts on the go, making it easy to manage your finances from wherever you are.
Products and Services
Farmers & Merchants Bank offers a range of products and services for both individuals and businesses, including:
- Checking Accounts. The bank provides several checking account options, including free checking, interest-bearing checking, and senior checking.
- Savings Accounts. Customers are offered several savings account options, including statement savings, money market savings, and certificates of deposit (CDs).
- Loans. F&M Bank has a variety of loan products, including personal loans, auto loans, home equity loans, and mortgages.
- Online Banking. The bank offers online banking, which allows you to manage your accounts, view account balances and transaction history, transfer funds, pay bills, and more.
- Mobile Banking. You can download it to your smartphone or tablet. The app allows you to check your account balances, transfer funds, pay bills, deposit checks, and more.
- Business Banking. The bank offers a range of products and services for businesses, including business checking accounts, business savings accounts, and commercial loans.
- Investment Services. F&M Bank provides investment services through its partnership with Raymond James Financial Services. Services include retirement planning, investment management, and more.
Overall, Farmers & Merchants Bank in Alabama provides a comprehensive range of financial products and services to meet the needs of individuals and businesses. It's a good idea to contact the bank directly to learn more about their specific products and services and to find the best option for your financial needs.
Which associations does Farmers & Merchants Bank belong to?
Farmers & Merchants Bank is a member of several associations, including:
- Federal Deposit Insurance Corporation (FDIC). This is a US government agency that provides insurance for deposit accounts at member banks. Farmers & Merchants Bank is a member of the FDIC, which means that deposits at the bank are insured up to the maximum allowed by law.
- Alabama Bankers Association (ABA). This is a trade association for banks and financial institutions in Alabama.
- Independent Community Bankers of America (ICBA). This is a national trade association for community banks in the United States.
- National Automated Clearing House Association (NACHA). This is an association that manages the development, administration, and governance of the ACH Network, which is a nationwide electronic payments system.
Overall, Farmers & Merchants Bank is a member of several reputable associations, which helps to ensure that the bank operates in accordance with industry standards and best practices.
