About Us

Employees 2018

Waukon Staff (pictured L-R):  Lisa, Peggy, Jeannine, Sara, Carrie, Adam, Barb, Nikole, Lindsey, Karen, Maryjo

Employees 2018

Waukon Staff (pictured L-R):  Reid, Teresa, Jessieca, Dennis, Lesa, Brian, Nancy, Amanda, Sue, Kay, Patty, Maureen 

Farmers & Merchants Savings Bank is a community bank nestled in Northeast Iowa and we take pride in that fact that we have been serving you since 1925. Our roots began in the then bustling town of Waterville when a group of progressive neighbors realized that a town like Waterville should not be without a bank.

Our association with Waukon was established in 1962 when both Waterville and Waukon citizens once again raised

additional capital so the bank's charter could be moved to Waukon.

In 1985 Farmers & Merchants opened its present facility at 201 West Main Street and in 2004 we expanded our opportunity to provide full service banking to northeast Iowa by opening a branch office in the Super Walmart in Decorah.

We are a progressive bank offering a full line of bank products and brokerage services1. One of the things we are most proud of is our staff and the service they offer behind our products.  The highest compliment we can receive is when our current customers refer us to others.  Through those referrals we have been able to grow the bank steadily and soundly.  Our mortgage team is top notch providing mortgage services to those in our own backyard and also across the nation with long term, fixed interest rates.   We can say the same for our agricultural lenders.  They understand farming as they are farmers themselves and can offer FSA and Farmer Mac long term financing in addition to crop input, operating, and machinery loans.  We invite you to call or stop in and visit with our lending team of Kay, Dennis, MaryJo, Maureen, Brian, or Reid.

We take pride in keeping up with the technology needs of our customers by offering a wide array of mobile banking products.  Many of our customers log in to check account balances or pay bills online.  Our newest product addition is mobile deposit.  Through mobile deposit and a smart phone, customers have the capability to make a deposit anytime from anywhere.  For those that tried it, we heard they love it!  We continually strive to provide products and services our customers deserve.  To learn more about our mobile banking products we invite you to stop in and visit with any of our staff members.

We invite you to call or stop in at any time to say hello.  If you are having trouble navigating our new website, we would welcome your feedback.

Decorah Staff (pictured L-R): Karissa, Cheryl, Holly, Karen, Maureen, Rachael

Banking Hours

MAIN BANK                                                                                                                                       DECORAH

Monday: 8:30 am - 6:00 pm                                                                                                    Monday: 8:30 am - 5:30 pm
Tuesday 8:30 am - 3:30 pm                                                                                                    
Tuesday: 8:30 am - 5:30 pm
Wednesday: 8:30 am - 3:30 pm                                                                                              Wednesday: 8:30 am - 5:30 pm 
Thursday: 8:30 am - 3:30 pm                                                                                                 
Thursday: 8:30 am - 5:30 pm                                                                             
Friday: 8:30 am - 3:30 pm                                                                                                       
Friday: 8:30 am - 6:30 pm                                                                              
 Saturday: 8:30 am - 12:30 pm


DRIVE-UP WINDOW                                                                                                                           ATM MACHINES

Monday: 7:30 am - 6:00 pm                                                                                                         24 Hours
Tuesday: 7:30 am - 4:30 pm
Wednesday: 7:30 am - 4:30 pm
Thursday: 7:30 am - 4:30 pm
Friday: 7:30 am - 5:30 pm
Saturday: 8:00 am - 12:00 pm




  • 1. Securities offered through IBA Securities, a division of Broker Dealer Financial Services Corp. Member FINRA & SIPC.