Money Matters Blog

FMBT’s Response to Silicon Valley & Signature Bank Failures

Updated March 14, 2023

We want to assure our customers and the public that with FMBT your money is safe and sound.

• As a community bank, Farmers & Merchants Bank & Trust remains well capitalized and well positioned to continue to serve our customers and community. We were chartered 121 years ago and expect to serve this community for generations to come.
• As a community bank customer, you have access to our experienced team, and we stand ready to always assist you with any of your questions or concerns.
• As a community bank, we take pride in our relationship-based business model focused on building long-term trust with our customers. After all, we live in your community too, and your success is our success.
• Nobody has ever lost a dime of FDIC-insured deposits up to $250,000. For those customers who have questions about whether additional insurance coverage is needed, we are ready and prepared to assist you in identifying whether additional insurance coverage is necessary and ensuring your deposit needs are met.
• If you have questions about your coverage or would like to learn more about FDIC insurance and how it works, we encourage you to access the following resources or give us a call directly at (715) 735-6617.
  • Understanding Deposit Insurance
  • FDIC Deposit Insurance FAQs
  • FDIC Calculators

Directly from the Wisconsin Bankers Association: 

"The public can rest assured that the banking system overall and Wisconsin banks are safe, sound, and resilient. Wisconsin banks do not operate in the manner that caused the failure of Silicon Valley Bank in Santa Clara, California and Signature Bank in New York, New York. The customer base of Wisconsin banks is much more diversified and the overall balance sheet management of Wisconsin banks is significantly different. Regulators acted swiftly and decisively, which protected customers of the failed banks and prevented further pain across the banking system. As recent data from the Federal Deposit Insurance Corporation show, Wisconsin banks are well capitalized and remain on solid footing. Consumers can remain at ease knowing that their money is safe in an FDIC-insured bank in Wisconsin." - By Wisconsin Bankers Association President and CEO Rose Oswald Poels.