ARCHBOLD — Lars Eller, president and chief executive officer of Farmers & Merchants State Bank in Archbold, has announced the purchase of property for its 31st full-service office, in Fort Wayne. Construction is expected to begin this summer.
The new F&M office will be located at the northwest corner intersection of Illinois and Hadley in Fort Wayne. This is a rapidly growing area with shopping and housing.
The new full-service office will offer the latest banking technology to serve customers. Customers will have the option to bank with interactive teller machines (ITM). With the ITMs, customers will have a choice of conducting banking directly through the ITM or by using the virtual tellers which is part of the ITM offering.
The F&M office will be staffed with local bankers to serve the customers, where decisions can be made locally. The bank focuses on locally owned and operated businesses & individuals because that is where its roots are. The Fort Wayne office complements the existing F&M office network in Indiana, which includes Adams, Allen, DeKalb, Jay and Steuben counties.
Farmers & Merchants State Bank is a $1.5 billion independent community bank that has served northwest Ohio and northeast Indiana for 122 years. F&M has offices in Adams, Allen, DeKalb, Jay and Steuben counties in Indiana and Defiance, Fulton, Hancock, Henry, Lucas, Williams and Wood counties in Ohio. Farmers & Merchants Bancorp, Inc. is the bank holding company of the Farmers & Merchants State Bank.