First Farmers & Merchants Bank is a bank based in Cannon Falls, Minnesota, established in 1915, with $473 million in total assets across 7 branches. By Trust Grade it ranks 128th of 224 banks we track in Minnesota. Its capital ratio of 8.7% trails most similarly sized banks (25th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.18% return on assets. No consumer complaints against First Farmers & Merchants 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 Bank compares to Minnesota peers
How we graded First Farmers & Merchants Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.7% capital ratio)
- Strongly profitable (ROA 1.18%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for First Farmers & Merchants Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (7)
- 13313 County 1 Blvd, Cannon Falls, MN 55009
- 601 1st St, Bellchester, MN 55027
- 425 Main St W, Cannon Falls, MN 55009
- 3141 N Service Dr, Red Wing, MN 55066
- 112 S Main St, Le Sueur, MN 56058
- 920 4th St S, Cannon Falls, MN 55009
- 202 3rd Ave, Goodhue, MN 55027
Are deposits at First Farmers & Merchants Bank insured?
Yes. First Farmers & Merchants Bank is an FDIC-insured bank (FDIC certificate #10168). 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 Bank: frequently asked questions
Is First Farmers & Merchants Bank a good bank?
First Farmers & Merchants Bank earns a Bankzia Trust Grade of A (93/100, "Excellent"), based on a financial-strength score of 93/100 (it has no CFPB complaints on record). Well-capitalized (8.7% capital ratio); Strongly profitable (ROA 1.18%).
Is First Farmers & Merchants Bank FDIC-insured?
Yes. First Farmers & Merchants Bank is a FDIC-insured bank (FDIC certificate #10168). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is First Farmers & Merchants Bank?
First Farmers & Merchants Bank holds $473 million in total assets, ranking 128th of 224 banks we track in Minnesota. It operates 7 branches.
Does First Farmers & Merchants Bank have CFPB complaints?
No CFPB complaints against First Farmers & Merchants 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.
