Farmers & Merchants Savings Bank








Making Way for a New Drive Up ATM

Things have gotten a little busy at the corners of 2nd Street and 1st Ave NW in Waukon.  In addition to the City street improvement project, you will notice the old Northeast Auto Body building is coming down.  The bank purchased this building with plans for a future drive up ATM.   FMSB hopes to have the ATM up and operational later this year.


Want to know more about changes with our investment services?

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Debit Card Fraud – A New Line of Defense From Shazam

It happens every week.    We receive a call from one of our customers.   In reviewing their checking account, they notice a charge they didn’t authorize.   Someone has their debit card information and is making purchases with it and are at risk for more unauthorized purchases. They feel violated, frustrated and upset.  On top of that it is tough to find and prosecute these cyber criminals.  

Shazam our debit card processor is now offering a new line of defense.   One they will initiate if they feel there might be unauthorized transactions coming through your debit card.

When a suspicious transaction takes place on your card, you will receive a text alert from Shazam within seconds.  You can then confirm or deny the transaction with a Yes or No response via text.  If the system doesn’t receive a text response from you or the phone number isn’t a mobile number, it will attempt to contact you via an automated voice call, to which you may respond with a Yes or No.   If Shazam doesn’t hear from you, they will contact us here at Farmers & Merchants.  

We see firsthand that this fraudulent activity is on the increase, and this is an easy way to add an extra layer of protection to your checking account.    You can help by making sure we have your current mobile phone number on file.  It is that easy.   That way the text alerts will reach you.

Other ways you can help is by letting us know when you plan to travel outside the area and by reviewing your checking account transactions daily through internet banking.   If you currently aren’t an internet banking user, just ask us to set you up the next time you are in or sign up through our Web site.   There is no charge for this service.


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.