Farmers and Merchants Savings Bank
Farmers and Merchants Savings Bank is a full-service FDIC-insured financial institution serving communities across Iowa since 1925. The bank provides comprehensive banking services including savings accounts, loans, debit and credit cards, insurance, mobile banking, and wealth management services.
Provider names, logos, and trademarks displayed on this page belong to their respective owners and are used for identification purposes only. VerSquare is not affiliated with, endorsed by, or sponsored by Farmers and Merchants Savings Bank unless otherwise indicated.
No Reviews Yet
Be the first to share your experience! Reviews help other buyers make informed decisions.
Data source: SBA 7(a) FOIA loan-level data, covering activity through March 31, 2026 across the trailing 3 years (9 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
Farmers and Merchants Savings Bank ranks #296 of 585 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of Farmers and Merchants Savings Bank’s 7(a) acquisition lending falls in the $0-$500K range: 4 loans, 44.4% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 4 | 44.4% | |
| $500K-$1M | 1 | 11.1% | |
| $1M-$2M | 4 | 44.4% |
Industries with highest loan volume
Shoe Retailers
3
loans
$1.1M
avg. amount
Landscaping Services
2
loans
$1.9M
avg. amount
Carpet and Upholstery Cleaning Services
1
loans
$47K
avg. amount
Book Retailers and News Dealers
1
loans
$140K
avg. amount
Advertising Agencies
1
loans
$126K
avg. amount
Used Household and Office Goods Moving
1
loans
$965K
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
Farmers and Merchants Savings Bank’s median variable rate is + 1.50%, against a market median of Prime + 2.00%, 50 below market.
3 of the 9 loans in its trailing three-year book carried a fixed rate; the rest were variable.
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 1.25% |
| $500K-$1M | Prime + 1.25% |
| $1M-$2M | Prime + 3.00% |
over at time of loan origination
Farmers and Merchants Savings Bank has originated 7(a) acquisition loans in 2 states, most actively in Minnesota (5) and Iowa (4). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Minnesota | 5 | 55.6% |
| Iowa | 4 | 44.4% |
Claim this profile to manage your information, respond to reviews, and access analytics.