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About Us

F&M Bank has been serving the citizens of Hannibal and the surrounding area longer than any other financial institution in Northeast Missouri.

Since the bank's charter in 1870, F&M Bank has maintained a record of strong leadership in the region. Its record of safety for depositor’s money, sound banking principles and availability of legitimate loans for worthwhile projects has been outstanding.

Five men were instrumental in starting the bank: J.M. Armstrong, John H. Garth, George A. Hawes, A.W. Lamb, and A. R. Levering. They let it be known that the bank would be formed and stock could be purchased. Fifty-two investors pledged $175,000 needed. At the stockholders meeting in January 1871, all five men were elected to the Board of Directors along with J.P. Richards, and William R. Pitts.

In 1870 the bank was incorporated as a stock company and was capitalized with $200,000.

Farmers & Merchants Bank opened for business on January 10, 1871. The first bank location was at 205 North Center Street. Right next-door was the competition, the Savings Bank of Hannibal.

Within the first six months the bank was off to a good start, and the end of year statement showed assets of $2,221,597. From the beginning, the bank became known as a reliable and safe banking institution, a reputation well earned over the years.

After only three years of operation the bank purchased property on the corner of Main and Center streets and erected a new Italianate-style bank building. Today you can still see the F&M Bank inscribed into the building’s front steps.

While the success of Farmers & Merchants Bank was building, their eventual merger partner, Marion County & Mutual Building & Loan, was chartered in 1886 as Missouri Mutual Savings Association. According to the Hannibal Mirror, the original location was at 206 Broadway. Early records of the bank's history are somewhat vague due to many Mutuals, at that time, not being open during normal hours of business (i.e. open in evenings on certain days of the week). The Association was capitalized by 46 subscribers who bought 318 shares at $200 per share or equity of $63,600.

The 1890's was a time of continued growth and change for both parties. For Missouri Mutual Savings Association moved its location to 509 Broadway, located inside the Plowman & Greenville real estate offices. This location is physically where F&M Bank and Trust Company operates today. Farmers & Merchants Bank, after operating privately for 25 years, also had a change. After applying for incorporation as a public State Bank, they officially became a State Bank in 1896.