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First Farmers & Merchants State Bank of Grand Meadow

✓ FDIC-insured · Active FDIC Certificate #15621

First Farmers & Merchants State Bank of Grand Meadow is an FDIC-insured state-chartered bank that is not a Federal Reserve member (supervised by the FDIC), headquartered in Grand Meadow, Minnesota, established in 1938. As of the 06/30/2026 FDIC call report, it reported $93M in total assets and $83M in deposits. FDIC location data lists 3 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

$93M

Total deposits

$83M

Offices

Return on assets

1.15%

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

Where it operates

All 3 of First Farmers & Merchants State Bank of Grand Meadow's FDIC-listed offices are in Minnesota. Browse banks in Grand Meadow for other local options.

Branch locations

First Farmers & Merchants State Bank of Grand Meadow Detached Facility · Limited Service - Drive Thru/Detached Facility	19 East Main Street Racine, MN 55967 Map ↗
First Farmers & Merchants State Bank of Grand Meadow Stewartville Branch · Full Service - Brick And Mortar	111 20th St Ne Stewartville, MN 55976 Map ↗
First Farmers & Merchants State Bank of Grand Meadow First Farmers & Merchants State Bank Of Grand Meadow · Full Service - Brick And Mortar	105 Main St N Grand Meadow, MN 55936 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 of Grand Meadow. 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, Brownsdale, MN ($96M 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 of Grand Meadow's $93M. See all banks in Minnesota.

Bank	HQ city	Assets	Offices
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
Western National Bank	Duluth	$136M	3
Worthington Federal Savings Bank, FSB	Worthington	$135M	3

First Farmers & Merchants State Bank of Grand Meadow: common questions

Is First Farmers & Merchants State Bank of Grand Meadow FDIC-insured?

Yes. First Farmers & Merchants State Bank of Grand Meadow is an active FDIC-insured institution, FDIC Certificate #15621. 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 of Grand Meadow headquartered?

First Farmers & Merchants State Bank of Grand Meadow is headquartered at 105 Main St N, Grand Meadow, MN 55936, according to FDIC records.

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

FDIC location data lists 3 offices for First Farmers & Merchants State Bank of Grand Meadow, all in Minnesota.

Who owns First Farmers & Merchants State Bank of Grand Meadow?

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