First Farmers & Merchants State Bank Of Grand Meadow is a bank based in Grand Meadow, Minnesota, established in 1938, with $100 million in total assets across 3 branches. By Trust Grade it ranks 144th of 224 banks we track in Minnesota. Its capital ratio of 8.3% trails most similarly sized banks (13th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.28% return on assets. No consumer complaints against First Farmers & Merchants State Bank Of Grand Meadow 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 State Bank Of Grand Meadow compares to Minnesota peers
How we graded First Farmers & Merchants State Bank Of Grand Meadow
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.3% capital ratio)
- Strongly profitable (ROA 1.28%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for First Farmers & Merchants State Bank Of Grand Meadow over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (3)
- 19 East Main Street, Racine, MN 55967
- 111 20th St Ne, Stewartville, MN 55976
- 105 Main St N, Grand Meadow, MN 55936
Are deposits at First Farmers & Merchants State Bank Of Grand Meadow insured?
Yes. First Farmers & Merchants State Bank Of Grand Meadow is an FDIC-insured bank (FDIC certificate #15621). 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 State Bank Of Grand Meadow: frequently asked questions
Is First Farmers & Merchants State Bank Of Grand Meadow a good bank?
First Farmers & Merchants State Bank Of Grand Meadow earns a Bankzia Trust Grade of A (92/100, "Excellent"), based on a financial-strength score of 92/100 (it has no CFPB complaints on record). Well-capitalized (8.3% capital ratio); Strongly profitable (ROA 1.28%).
Is First Farmers & Merchants State Bank Of Grand Meadow FDIC-insured?
Yes. First Farmers & Merchants State Bank Of Grand Meadow is a FDIC-insured bank (FDIC certificate #15621). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is First Farmers & Merchants State Bank Of Grand Meadow?
First Farmers & Merchants State Bank Of Grand Meadow holds $100 million in total assets, ranking 144th of 224 banks we track in Minnesota. It operates 3 branches.
Does First Farmers & Merchants State Bank Of Grand Meadow have CFPB complaints?
No CFPB complaints against First Farmers & Merchants State Bank Of Grand Meadow 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.
