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First Farmers & Merchants State Bank

✓ FDIC-insured · Active FDIC Certificate #1600

First Farmers & Merchants State Bank is an FDIC-insured state-chartered bank that is not a Federal Reserve member (supervised by the FDIC), headquartered in Brownsdale, Minnesota, established in 1908. As of the 06/30/2026 FDIC call report, it reported $96M in total assets and $86M 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).

Total assets

$96M

Total deposits

$86M

Offices

Return on assets

1.18%

Financial data as of the 06/30/2026 FDIC call report.

Where it operates

All 2 of First Farmers & Merchants State Bank's FDIC-listed offices are in Minnesota. Browse banks in Brownsdale for other local options.

Branch locations

First Farmers & Merchants State Bank First Farmers & Merchants State Bank · Full Service - Brick And Mortar	106 W Main St Brownsdale, MN 55918 Map ↗
First Farmers & Merchants State Bank Austin Branch · Full Service - Brick And Mortar	128 N Main St Austin, MN 55912 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 State 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, Luverne, MN ($243M in assets)
First Farmers & Merchants National Bank, Fairmont, MN ($140M 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 State Bank's $96M. See all banks in Minnesota.

Bank	HQ city	Assets	Offices
Security Bank Minnesota	Albert Lea	$145M	3
Citizens State Bank Norwood Young America	Norwood Young America	$141M	1
Valley Premier Bank	Hawley	$141M	2
Northwoods Bank of Minnesota	Park Rapids	$141M	4
First Farmers & Merchants National Bank	Fairmont	$140M	2
Farmers and Merchants State Bank of Springfield	Springfield	$140M	2
Security State Bank of Warroad	Warroad	$138M	2
The First National Bank of Cokato	Cokato	$138M	1

First Farmers & Merchants State Bank: common questions

Is First Farmers & Merchants State Bank FDIC-insured?

Yes. First Farmers & Merchants State Bank is an active FDIC-insured institution, FDIC Certificate #1600. Deposits are insured up to $250,000 per depositor, per ownership category. You can confirm this on FDIC BankFind.

Where is First Farmers & Merchants State Bank headquartered?

First Farmers & Merchants State Bank is headquartered at 106 W Main St, Brownsdale, MN 55918, according to FDIC records.

How many branches does First Farmers & Merchants State Bank have?

FDIC location data lists 2 offices for First Farmers & Merchants State Bank, all in Minnesota.

Who owns First Farmers & Merchants State Bank?

The FDIC lists 215 HOLDING CO of Minneapolis, MN as the top holding company for First Farmers & Merchants State 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.