President's Messages - "From the Desk of The President"

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October 14, 2008

FDIC announced its temporary Transaction Account Guarantee Program, which provides full coverage for non-interest bearing transaction deposit accounts at FDIC-insured institutions that agree to participate in the program. The transaction account guarantee applies to all personal and business checking deposit accounts that do not earn interest at participating institutions. This unlimited insurance coverage is temporary and will remain in effect for participating institutions through December 31, 2009.

For more information visit:

October 3, 2008
Deposits at FDIC-insured institutions are insured up to at least $250,000 per depositor until December 31, 2009. On January 1, 2010, FDIC deposit insurance for all deposit accounts—except for certain retirement accounts—will return to at least $100,000 per depositor. Insurance coverage for certain retirement accounts, which include all IRA deposit accounts, was increased permanently to $250,000 per depositor in 2006.

For more information visit:

September 26, 2008

The FDIC has simplified its rules for the insurance coverage of revocable trust accounts. The new rules provide at least as much coverage as the former rules, and are not subject to the expiration dates referenced above.

Read more about this change at: FDIC_News_Financial

Link to FDIC Source Page:  Changes in FDIC Deposit Insurance Coverage

September 09, 2008

Safest Place for Your Money?
In The Bank

The Farmers & Merchants Bank & Trust Highlights the Stability of their Institution and the Banking Industry

Tuesday September 30, 2008  Marinette, WI  54143

FDIC-insured, The Farmers & Merchants Bank & Trust is reassuring their customers that while financial woes plague Wall Street, the safest place for your money is still in the bank.

"The Farmers & Merchants Bank & Trust is well prepared to ride out the economic storm," explained Tom Maxwell – President, and our customers should know that their deposits are safe. No customer has ever lost a penny of federally insured deposits."

To help customers understand the strength of the banking industry, The Farmers & Merchants Bank & Trust highlighted the following facts:
Banks are equipped to handle economic shifts. Banks have significant capital, or a rainy-day fund, on reserve for tough economic times. This is a bank's first line of defense to cover any losses.

No customer has ever lost a penny in insured deposits when a bank has failed. The FDIC protects consumers from losing their money if their FDIC-insured bank fails. The FDIC insures up to $100,000 of your money in a bank account and up to $250,000 for retirement accounts, and there are legal and safe ways to get even more FDIC coverage depending on how you set up your accounts.

The majority of banks are healthy. Most banks have been around for decades and are likely to be around for many more. In the unlikely event that a bank would fail, customers would continue to have uninterrupted access to their money.

For more information on the safety and soundness of the industry or The Farmers & Merchants Bank & Trust, stop by our downtown location, Pine Tree Mall Branch or our Crivitz Branch or call a Customer Service Representative Downtown - 715-735-6617, Pine Tree Mall - 715-732-4411 or Crivitz - 715-854-7445