Farmers And Merchants Bank Broadway Va (2024)

FAQs

What are CD rates at F&M bank? ›

F&M Bank has grown slowly and safely since 1907, earning its reputation as “California's Strongest.” At a time when the instability of the market caused great unease among investors, founder C.J. Walker solidified the credibility of the family name by reassuring frightened depositors that their money was safe.

Chief Executive Officer

W. Henry Walker began his career with F&M in 1983 on the teller line. Today, he serves as the Bank's Chief Executive Officer.

In addition to the safety and security of F&M Bank, each depositor may be insured to at least $250,000 by the Federal Deposit Insurance Corporation (FDIC) which is backed by the full faith and credit of the United States government.

You can find 6% CD rates at a few financial institutions, but chances are those rates are only available on CDs with maturities of 12 months or less. Financial institutions offer high rates to compete for business, but they don't want to pay customers ultra-high rates over many years.

The best CD rate right now is 5.35% APY from DR Bank for a 6-month term. That APY is nearly three times the FDIC's national average rate of 1.82% on a 6-month term and is one of 15 or more top-ranked offers you can find in our best CD rankings below.1 The best CD rates range from 5.20% APY to 5.35% APY.

Farmers & Merchants Bancorp, trades on the OTCQX under the symbol FMCB, is the parent company of Farmers & Merchants Bank of Central California, also known as F&M Bank. Founded in 1916, F&M Bank is a locally owned and operated community bank, which proudly serves California through 32 convenient locations.

Central Bancshares Inc., a community bank holding company based in Muscatine, announced that it has merged two of its subsidiaries, Galesburg, Ill. -based F&M Bank and Muscatine-based CBI Bank & Trust.

Walker founded F&M Bank more than 100 years ago. Today Daniel K. Walker, fourth generation Executive Chairman of the Board, his brother Henry, CEO, and their father Kenneth, President of the main branch, oversee the bank through the lens of their founding father. We bank the way we live.

122201198 is a routing number used for FARMERS & MERCHANTS BANK LONG BEACH in CA. This routing number supports ACH and Wire transfers.

Where is the Farmers and Merchants bank of Long Beach headquarters? ›

F&M Bank's Main Office has been serving the community since 1907. Located at the corner of 3rd Street and Pine Ave, we are proud to support the Long Beach Public Library, Women's Shelter of Long Beach, and Helpline Youth Counseling. 302 Pine Ave.

Founded in the quaint town of Bumpus Mills, Tennessee, in 1906, F&M Bank was originally known as Farmers & Merchants Bank. This name laid the foundation for a legacy that, despite its initial appearance, would prosper into a dynamic and respected institution.

It's easy — Zelle^® is already available within F&M Online and Mobile Banking in the “Transactions” section. Check out our app or sign-in to F&M Online Banking and follow a few simple steps to enroll in Zelle^® today.

Farmers Bank and Trust Company, Member FDIC.

Interest will be paid on your daily account balance as follows: If your daily balance is $99,999.99 or less, the interest rate paid on the entire balance will be 1.73% with an APY of 1.75%. If your daily balance is $100,000.00-$249,999.99, the interest rate paid on the entire balance will be 2.00% with an APY of 2.02%.

Pick a CD term that works for you and earn up to 4.25% APY!* Saving for the future doesn't have to be hard. Now at F&M, you can choose a Certificate of Deposit with the right maturity date for you.

Currently, national average rates for a 1-year CD sit at 1.85% APY, up from 0.15% APY in April 2022. But with no change to rates since December 2023, it doesn't appear rates will continue to go up, at least significantly.