Farmers & Merchants Savings Bank


This Could be Your Lucky Day $$$

Great Iowa Treasure Hunt

In one of our more recent web site articles we talked about unclaimed or inactive checking or savings accounts and what procedures we follow after three years of the account being dormant.  If we don’t hear from you after making several attempts to contact you, we are required by law to turn the funds over to the Treasurer, State of Iowa.

According to, “unclaimed property laws began in the United States as a consumer protection program and they have evolved to protect not only the owners, but also their heirs and estates.  Unclaimed property includes, but is not limited to, abandoned financial assets such as checking and savings accounts, unpaid wages, securities, life insurance payouts, uncashed checks and the contents of safe deposit boxes that are without activity for a certain period of time. It does not include real estate or vehicles.”

They rightly boast that they have returned more than $200 million to 500,000 people.   Nothing to sneeze at!  That got me to thinking – could I be so lucky as to have some long-lost property that I wasn’t aware of?  The search was on and it was easy!   Through I got started. I entered my last name and first name and hit the search button.  It brought up 5 pages of others with the same last name as mine, their address, the property type, and an estimated amount or value of the unclaimed property.  I searched . . . and to my slight disappointment there was no unclaimed property registered with the State of Iowa in my name at my address.  BUT, I did find unclaimed property for a niece and several other friends or their family members.  Was it fun for me to tell them they had unclaimed property with the State of Iowa?   You bet.  Should you give this a try?  Why not?  Perhaps you will find unclaimed property in your name or of those close to you.   You might as well have it instead of the State of Iowa.  The claim process is easy too.   Just a matter of clicking on the claim button and answering a couple of questions.   One friend did that last week and in a matter of a couple of days he had his check.  Cha-ching!

How can you avoid your financial assets from being turned over to the Treasurer, State of Iowa?   That is easy too.   Make it a habit to make at least one transaction a year on your checking or savings account and (2) make sure we always have your current address and phone number. 


You Arx a KXY Pxrson!

Xvxn though my typxwritxr is an old modxl, it works vxry wxll – xcxpt for onx kxy.   You would think that with all thx othxr kxys functioning propxrly, onx kxy not working would hardly bx noticxd.  Howxvxr, just onx kxy out of whack sxxms to ruin the wholx xffort.

You may say to yoursxlf “Wxll I’m only one pxrson.  No onx will noticx if I don’t do my bxst.  But it doxs makx a diffxrncx bxcausx to bx xffxctivx an organization nxxds activx participation by xvxry onx to thx bxst of his or hxr ability.

So the nxxt timx you think you arx not important, rxmxmbxr my old typxwritxr.  You arx a kxy pxrson.

Image result for typewriter graphic

Committed to giving you our best –  the staff at Farmers & Merchants Savings Bank


Cash in on These Banking Tips!

We give you the inside scoop on how you can save big $$$ as you do your banking!

  1. Sign up for internet banking and verify your checking account transactions each day.   Internet fraud and identity theft is prevalent and each week we work with customers who have had their debit card information stolen and have fraudulent charges on their checking account.    Catching these transactions early can save you money and put the thieves out of business.  Sign up here!
  2. Sign up for eAlerts.  eAlerts help monitor your checking account activity and can let you know when your account balance is getting low avoiding potential overdraft fees.  Click here to learn more about eAlerts
  3. Can’t make it to the bank during regular hours?   With mobile deposit you can deposit your payroll or other check from wherever you are and at any time.  Learn more about Mobile Deposits
  4. If you can’t make it to the bank before closing time, make deposits with your ATM card and receive credit for current day’s deposits made up to 6:00 PM.  You could earn interest on deposits a day earlier and avoid potential transfer or overdraft fees.  Click for more information
  5. Check with us to see what age you are considered a senior.  For those who meet the age requirement, your monthly checking account fees are waived.
  6. If you are still attending school, take advantage of our student checking account.  As long as you remain in school your monthly checking account fees are waived
  7. Keep your address current with us.  Not only will you receive your notices more quickly, but you will avoid a service fee to your account when items are returned from the post office because of no forwarding address.
  8. Did you realize that funds on deposit are considered unclaimed or inactive when there have been no transactions or contact made with the owner of the funds for three years?   When this happens, account proceeds are turned over to the State of Iowa.  To avoid this, make one transaction on each of your bank accounts every year and be sure to keep your address current so that we may notify you before this happens.


Looking to buy or improve your home?  


We've got you covered

Home mortgage rates might be going up, but we think you will find ours to be the best around. We invite you to comparison shop! Low rates, exceptional service and you continue to make your loan payment with us after closing. Compare rates and shop local for your mortgage financing!

Loan Products

Agricultural Lending

In the heart of the Midwest, we understand the importance of agriculture. Let our team of experienced ag lenders go to work for you. As farm producers ourselves, our roots run deep in our community and we understand the needs of farmers. We have access to a number of financing options and can offer long and short term rates. Give us a call today or stop in. We would welcome the opportunity to learn more about your operation.