Founded by Mr. N. E. Kelley and operating under a charter dated May 2, 1934, the Farmers & Merchants National Bank opened its doors on May 4, 1934 on the Northwest corner of the Winterset square. On July 9, 1938, a new charter was issued and the name was changed to Farmers & Merchants State Bank. The former First State Bank of Adair County located in Orient, Iowa was acquired on August 10, 1938. Also acquired on that date was the J. F. Johnston bank of St. Charles, Iowa. On April 28, 1980, Farmers & Merchants Motor Bank was opened for business. The Farmers & Merchants Bancorp was formed in 1984 and became the controlling stockholder. Serving the financial needs of our customers has been our business since 1934. We will continue to provide excellent customer service to meet the financial needs of the people living in the communities we serve.