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First Farmers & Merchants Bank
✓ FDIC-insured · Active FDIC Certificate #10168
First Farmers & Merchants Bank is an FDIC-insured state-chartered bank that is not a Federal Reserve member (supervised by the FDIC), headquartered in Cannon Falls, Minnesota, established in 1915. As of the 06/30/2026 FDIC call report, it reported $486M in total assets and $437M in deposits. FDIC location data lists 7 offices in Minnesota. The FDIC classifies it as a community bank. It is owned by the holding company 215 HOLDING CO (Minneapolis, MN).
Financial data as of the 06/30/2026 FDIC call report.
Where it operates
All 7 of First Farmers & Merchants Bank's FDIC-listed offices are in Minnesota. Browse banks in Cannon Falls for other local options.
Branch locations
| First Farmers & Merchants Bank White Rock Branch · Full Service - Brick And Mortar | 13313 County 1 Blvd Cannon Falls, MN 55009 Map ↗ |
| First Farmers & Merchants Bank Bellechester Branch · Limited Service - Drive Thru/Detached Facility | 601 1st St Bellchester, MN 55027 Map ↗ |
| First Farmers & Merchants Bank Cannon Falls Family Fare Branch · Limited Service - Drive Thru/Detached Facility | 425 Main St W Cannon Falls, MN 55009 Map ↗ |
| First Farmers & Merchants Bank Red Wing Branch · Full Service - Brick And Mortar | 3141 N Service Dr Red Wing, MN 55066 Map ↗ |
| First Farmers & Merchants Bank Le Sueur Branch · Full Service - Brick And Mortar | 112 S Main St Le Sueur, MN 56058 Map ↗ |
| First Farmers & Merchants Bank First Farmers & Merchants Bank · Full Service - Brick And Mortar | 920 4th St S Cannon Falls, MN 55009 Map ↗ |
| First Farmers & Merchants Bank Goodhue Branch · Full Service - Brick And Mortar | 202 3rd Ave Goodhue, MN 55027 Map ↗ |
Holding company: 215 HOLDING CO
The FDIC lists 215 HOLDING CO, based in Minneapolis, MN, as the top holding company for First Farmers & Merchants Bank. It also owns 5 FDIC-insured banks:
- Liberty National Bank, Sioux City, IA ($624M in assets)
- First Farmers & Merchants National Bank, Luverne, MN ($243M in assets)
- First Farmers & Merchants National Bank, Fairmont, MN ($140M in assets)
- First Farmers & Merchants State Bank, Brownsdale, MN ($96M in assets)
- First Farmers & Merchants State Bank of Grand Meadow, Grand Meadow, MN ($93M 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 First Farmers & Merchants Bank's $486M. See all banks in Minnesota.
| Bank | HQ city | Assets | Offices |
|---|---|---|---|
| Glenwood State Bank (Incorporated) | Glenwood | $545M | 3 |
| Community Bank Mankato | Vernon Center | $538M | 5 |
| Profinium, Inc. | Truman | $533M | 4 |
| Lake Elmo Bank | Lake Elmo | $530M | 9 |
| EntreBank | Bloomington | $527M | 1 |
| Eagle Rock Bank | Rochester | $508M | 5 |
| First State Bank and Trust | Bayport | $499M | 4 |
| American National Bank of Minnesota | Baxter | $473M | 10 |
First Farmers & Merchants Bank: common questions
Is First Farmers & Merchants Bank FDIC-insured?
Yes. First Farmers & Merchants Bank is an active FDIC-insured institution, FDIC Certificate #10168. Deposits are insured up to $250,000 per depositor, per ownership category. You can confirm this on FDIC BankFind.
Where is First Farmers & Merchants Bank headquartered?
First Farmers & Merchants Bank is headquartered at 920 4th St S, Cannon Falls, MN 55009, according to FDIC records.
How many branches does First Farmers & Merchants Bank have?
FDIC location data lists 7 offices for First Farmers & Merchants Bank, all in Minnesota.
Who owns First Farmers & Merchants Bank?
The FDIC lists 215 HOLDING CO of Minneapolis, MN as the top holding company for First Farmers & Merchants Bank. The same holding company owns 5 other FDIC-insured banks.
Source: FDIC BankFind Suite (institution, location, and call report data). BankNearMe.com does not rank or rate banks.