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Farmers and Merchants State Bank of Springfield
✓ FDIC-insured · Active FDIC Certificate #13382
Farmers and Merchants State Bank of Springfield is an FDIC-insured state-chartered bank that is not a Federal Reserve member (supervised by the FDIC), headquartered in Springfield, Minnesota, established in 1918. As of the 06/30/2026 FDIC call report, it reported $140M in total assets and $121M in deposits. FDIC location data lists 2 offices in Minnesota. The FDIC classifies it as a community bank. It is owned by the holding company PIESCO INC (Springfield, MN).
Financial data as of the 06/30/2026 FDIC call report.
Where it operates
All 2 of Farmers and Merchants State Bank of Springfield's FDIC-listed offices are in Minnesota. Browse banks in Springfield for other local options.
Branch locations
| Farmers and Merchants State Bank of Springfield Morgan Branch · Full Service - Brick And Mortar | 101 Vernon Ave Morgan, MN 56266 Map ↗ |
| Farmers and Merchants State Bank of Springfield Farmers And Merchants State Bank Of Springfield · Full Service - Brick And Mortar | 101 N Marshall Ave Springfield, MN 56087 Map ↗ |
Holding company: PIESCO INC
The FDIC lists PIESCO INC, based in Springfield, MN, as the top holding company for Farmers and Merchants State Bank of Springfield. It also owns one other FDIC-insured bank:
- Citizens State Bank Norwood Young America, Norwood Young America, MN ($141M in assets)
FDIC deposit insurance applies separately to each insured bank charter, even when they share a holding company. Confirm the charter before you spread deposits.
Similar-size banks in Minnesota
Active FDIC-insured banks headquartered in Minnesota with total assets closest to Farmers and Merchants State Bank of Springfield's $140M. See all banks in Minnesota.
| Bank | HQ city | Assets | Offices |
|---|---|---|---|
| Commerce Bank | Geneva | $220M | 2 |
| Home State Bank | Litchfield | $219M | 4 |
| Lakeview Bank | Lakeville | $218M | 2 |
| F & M Community Bank, National Association | Preston | $211M | 3 |
| ESB Bank | Caledonia | $209M | 3 |
| Grand Marais State Bank | Grand Marais | $207M | 5 |
| Wadena State Bank | Wadena | $207M | 4 |
| Minnstar Bank National Association | Lake Crystal | $204M | 2 |
Farmers and Merchants State Bank of Springfield: common questions
Is Farmers and Merchants State Bank of Springfield FDIC-insured?
Yes. Farmers and Merchants State Bank of Springfield is an active FDIC-insured institution, FDIC Certificate #13382. Deposits are insured up to $250,000 per depositor, per ownership category. You can confirm this on FDIC BankFind.
Where is Farmers and Merchants State Bank of Springfield headquartered?
Farmers and Merchants State Bank of Springfield is headquartered at 101 N Marshall Ave, Springfield, MN 56087, according to FDIC records.
How many branches does Farmers and Merchants State Bank of Springfield have?
FDIC location data lists 2 offices for Farmers and Merchants State Bank of Springfield, all in Minnesota.
Who owns Farmers and Merchants State Bank of Springfield?
The FDIC lists PIESCO INC of Springfield, MN as the top holding company for Farmers and Merchants State Bank of Springfield. The same holding company owns 1 other FDIC-insured bank.
Source: FDIC BankFind Suite (institution, location, and call report data). BankNearMe.com does not rank or rate banks.