Farmers & Merchants Savings Bank

Closed Thanksgiving Day


Our Decorah and Waukon offices will be closed on Thursday, November 23rd in observance of Thanksgiving.  We will be open regular hours on Friday the 24th.




Open a Christmas Club Account


Image result for holiday shopping


Put the jolly back in your holidays with a Christmas Club account from Farmers & Merchants Savings Bank. With a set amount automatically deposited each month, your account continues to grow and earn interest throughout the year and at the end of October 2018 the bank will automatically issue you a check or make a direct deposit into your account. Just in time for shopping local next holiday season.

Equifax Breach

CONTACT: Farmers & Merchants Savings Bank FOR IMMEDIATE RELEASE

Waukon and Decorah

PH 563.568.3417 and PH 563.382.3837

What you need to know about the Equifax data breach

September 14, 2017 — While the potential reach of the Equifax data breach is large, affecting approximately

143 million Americans, it is important to not overreact. If your information was included in the breach, it does

not mean you are a victim of a cyberattack or identity theft. It simply means that some of your information

may have been accessed.

What you need to know:

At this time, it appears there were just over 200,000 credit cards among the 143 million records

potentially compromised.

Equifax has indicated that debit cards were not exposed – therefore criminals are unlikely to have the

capability to withdraw funds from a checking account.

It’s important to understand that Equifax is a credit bureau, not a bank.

Equifax has set up a website at to help consumers determine if their

information was breached. Equifax will also mail notices to consumers whose credit card numbers or

dispute documents were breached.

What to do if your information was compromised:

As with any potential data breach, you can proactively take these steps to help protect your accounts:

Internet banking is your friend here. Monitoring your accounts and credit report for unauthorized

transactions or accounts is critically important.

If you suspect you are a victim of fraud or identity theft, alert your bank right away. In the event of a

confirmed fraudulent transaction, Farmers & Merchants Savings Bank will make our customers whole

as quickly as possible.

If you have further questions about how to protect yourself during the Equifax or any other data breach,

contact us at Farmers & Merchants Savings Bank today.


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.