Farmers & Merchants Savings Bank

FreedomBank of Elkader signs a Merger Agreement with Farmers & Merchants Savings Bank of Waukon


ELKADER, IA  -   On November 20,  2018, FreedomBank of Elkader announced that it will purchase and merge with Farmers & Merchants Savings Bank of Waukon.  FreedomBank has offices in Elkader, Monona, and Postville.  Farmers & Merchants Savings Bank has offices in Waukon and Decorah.


FreedomBank is  a 100% ESOP owned community bank.  Uniting with Farmers & Merchants Savings Bank enlarges their existing community bank footprint which is dedicated to northeast Iowa.  Decisions will continue to be made locally by people you know and who have ownership in the bank. 


The transition is pending regulatory approval and is expected to be finalized during the 1st quarter of 2019. 





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