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First Farmers & Merchants National Bank
✓ FDIC-insured · Active FDIC Certificate #5186
First Farmers & Merchants National Bank is an FDIC-insured national bank chartered by the Office of the Comptroller of the Currency (OCC), headquartered in Luverne, Minnesota, established in 1931. As of the 06/30/2026 FDIC call report, it reported $243M in total assets and $214M 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 215 HOLDING CO (Minneapolis, MN).
Financial data as of the 06/30/2026 FDIC call report.
Where it operates
All 2 of First Farmers & Merchants National Bank's FDIC-listed offices are in Minnesota. Browse banks in Luverne for other local options.
Branch locations
| First Farmers & Merchants National Bank First Farmers & Merchants National Bank · Full Service - Brick And Mortar | 303 E Main St Luverne, MN 56156 Map ↗ |
| First Farmers & Merchants National Bank Pipestone Branch · Full Service - Brick And Mortar | 107 E Main St Pipestone, MN 56164 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 National Bank. It also owns 5 FDIC-insured banks:
- Liberty National Bank, Sioux City, IA ($624M in assets)
- First Farmers & Merchants Bank, Cannon Falls, MN ($486M 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 National Bank's $243M. See all banks in Minnesota.
| Bank | HQ city | Assets | Offices |
|---|---|---|---|
| First Bank Elk River | Elk River | $369M | 4 |
| ProGrowth Bank | Nicollet | $365M | 4 |
| Heritage Bank National Association | Spicer | $361M | 4 |
| United Community Bank | Perham | $359M | 3 |
| Harvest Bank | Kimball | $355M | 6 |
| Granite Bank | Cold Spring | $353M | 2 |
| Sherburne Bank | Becker | $351M | 4 |
| Farmers and Merchants State Bank of Pierz | Pierz | $336M | 3 |
First Farmers & Merchants National Bank: common questions
Is First Farmers & Merchants National Bank FDIC-insured?
Yes. First Farmers & Merchants National Bank is an active FDIC-insured institution, FDIC Certificate #5186. Deposits are insured up to $250,000 per depositor, per ownership category. You can confirm this on FDIC BankFind.
Where is First Farmers & Merchants National Bank headquartered?
First Farmers & Merchants National Bank is headquartered at 303 E Main St, Luverne, MN 56156, according to FDIC records.
How many branches does First Farmers & Merchants National Bank have?
FDIC location data lists 2 offices for First Farmers & Merchants National Bank, all in Minnesota.
Who owns First Farmers & Merchants National Bank?
The FDIC lists 215 HOLDING CO of Minneapolis, MN as the top holding company for First Farmers & Merchants National 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.