First Farmers & Merchants National Bank is a bank based in Fairmont, Minnesota, established in 1990, with $141 million in total assets across 2 branches. By Trust Grade it ranks 95th of 224 banks we track in Minnesota. Its capital ratio of 9.5% trails most similarly sized banks (39th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 0.96% return on assets. No consumer complaints against First Farmers & Merchants National Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How First Farmers & Merchants National Bank compares to Minnesota peers
How we graded First Farmers & Merchants National Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (9.5% capital ratio)
- Profitable (ROA 0.96%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for First Farmers & Merchants National Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (2)
- 332 Minnesota St, Saint Paul, MN 55101
- 114 S Park St, Fairmont, MN 56031
Are deposits at First Farmers & Merchants National Bank insured?
Yes. First Farmers & Merchants National Bank is an FDIC-insured bank (FDIC certificate #33131). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
First Farmers & Merchants National Bank: frequently asked questions
Is First Farmers & Merchants National Bank a good bank?
First Farmers & Merchants National Bank earns a Bankzia Trust Grade of A (96/100, "Excellent"), based on a financial-strength score of 96/100 (it has no CFPB complaints on record). Strongly capitalized (9.5% capital ratio); Profitable (ROA 0.96%).
Is First Farmers & Merchants National Bank FDIC-insured?
Yes. First Farmers & Merchants National Bank is a FDIC-insured bank (FDIC certificate #33131). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is First Farmers & Merchants National Bank?
First Farmers & Merchants National Bank holds $141 million in total assets, ranking 95th of 224 banks we track in Minnesota. It operates 2 branches.
Does First Farmers & Merchants National Bank have CFPB complaints?
No CFPB complaints against First Farmers & Merchants National Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
