F&M Bank and Trust Company

What F&M Bank and Trust Company does

F&M Bank and Trust Company is a privately-held, FDIC-insured community bank headquartered in Hannibal, Missouri. Founded in 1870 by friends and family of Mark Twain, the bank operates as the oldest locally-owned community bank in its Northeast Missouri market and employs 11-50 people across three full-service branches (two in Hannibal and one in Monroe City) and a Loan Production Office in O'Fallon serving the St. Louis metropolitan area.

The bank offers a full suite of consumer and commercial banking products. Personal banking includes multiple checking tiers (Really Free Checking, Regular Checking, NOW Accounts, Safekeeping NOW), savings products (Statement Savings, Money Market, Christmas Club, Growing Tree CD), fixed-term CDs and IRAs, consumer loans (auto, boat, vacation, deposit-secured), and a full mortgage center covering fixed-rate, ARM, FHA, VA, USDA, Home Possible, Home One, HELOC, refinance, and construction products. Business banking includes commercial checking, small business checking, interest-bearing business checking, SBA loans, commercial real estate loans, operating lines of credit, equipment loans, and dedicated agricultural loans for land, livestock, and equipment. The bank's digital stack is built entirely on third-party infrastructure: Fiserv powers the mobile app (F&M Bank Hannibal on iOS and Android), CheckFree handles online bill pay, DocuSign enables digital account opening, Wolters Kluwer routes online loan applications, Clover/Fiserv underpins merchant services, and Zelle provides P2P payments.

The revenue model is a traditional community-bank net-interest-income franchise supplemented by transaction fees and referral income. Primary revenue streams are interest earned on consumer, mortgage, business, SBA, commercial real estate, equipment, and agricultural lending, plus deposit account maintenance fees, wire transfer fees, and overdraft fees. Non-interest income is generated through merchant card processing fees (Clover) and referral commissions on investment products (Detalus Advisors) and credit cards (Central Bank). The bank distributes through physical branches, online and mobile banking, phone banking, and channel partnerships, targeting retail consumers, small-to-medium local businesses, and agricultural operators primarily within Missouri.

Name

F&M Bank and Trust Company

Legal name

F&M Bank and Trust Company

Website

https://bankfm.com

Company type

Private

Founded year

1870

Operating status

Operating

Headcount range

11–50 employees

Short description

F&M Bank and Trust Company is a privately-held community bank founded in 1870 in Hannibal, Missouri, offering consumer, business, and agricultural banking products through three branches and a Loan Production Office serving Northeast Missouri and the St. Louis metro area.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

Account & Balance Services (Operating accounts, statements, eBAM) (FSABAIAD), Real Estate (Commercial Property, REITs) (FSABACAH), Bank Bill Pay (Consumer & Small Business) (FSAMAJAC)

Keywords

• Community banking services
• Consumer lending products
• Deposit account services
• Commercial banking loans
• Agricultural lending

Headquarters

HQ city

Hannibal

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income from Lending: The bank generates revenue primarily through interest earned on loans including consumer loans (auto, boat, vacation), mortgage loans, business loans (SBA, commercial real estate, equipment), and agriculture loans. Loan decisions are made locally for quick turnaround.
2. Deposit Account Fees and Services: Revenue from checking account maintenance fees, savings account maintenance fees, money market account fees, wire transfer fees, and overdraft protection fees. Business checking accounts have per-item fees after free allowance.
3. Merchant Services: Card processing services for business merchants including transaction fees from Clover POS systems, terminal equipment sales, and custom payment processing solutions.
4. Securities and Investment Services Referral: Partnership with Detalus Advisors/Securities for investment products including IRAs, annuities, mutual funds, and financial planning. F&M Financial Services earns referral income from these third-party investment services.
5. Credit Card Services: Partnership with Central Bank to offer credit cards with no annual fees, competitive rates, and rewards programs. The bank earns referral or interchange income from card transactions.
6. Certificate of Deposit Interest Spread: The bank offers CDs and IRAs with varying terms and rates, earning the spread between interest paid to depositors and interest earned from lending activities.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels7 records

Core offering

F&M Bank and Trust Company is a community bank providing personal and business banking services including deposit accounts (checking, savings, CDs, IRAs), consumer and commercial loans (mortgages, auto, SBA, agricultural, equipment), merchant card processing, and digital banking through mobile, online, and phone channels. The bank serves retail consumers, small-to-medium businesses, and agricultural customers across Northeast Missouri from branches in Hannibal, Monroe City, and O'Fallon.

Product overview

F&M Bank and Trust Company is a community bank offering a comprehensive suite of personal and business banking products through a multi-location branch network in Hannibal, Monroe City, and O'Fallon, Missouri. The bank's core offerings span deposit products (checking, savings, CDs, IRAs), lending (consumer loans, mortgages, business loans, agricultural loans), and digital banking services. Personal banking includes multiple checking account tiers (Really Free Checking, Regular Checking, NOW Accounts), savings options (Statement Savings, Money Market, Christmas Club), and specialized products like debit cards with customizable designs and credit cards through a Central Bank partnership. Mortgage offerings include conventional fixed-rate and ARM products, plus government-backed programs (FHA, VA, USDA) and low-down-payment options (Home Possible, Home One). Business banking encompasses commercial checking accounts, merchant card services powered by Clover, and specialized business lending including SBA loans. Digital banking capabilities include online banking, mobile banking apps (F&M Bank Hannibal for iOS/Android), phone banking, Zelle P2P payments, and Online Bill Pay. The bank also offers fraud prevention tools (ACH Positive Pay, Check Positive Pay) and investment services through a Detalus Advisors partnership.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts (Really Free Checking, Regular Checking, NOW Account, Safekeeping NOW)
• Personal Savings Accounts (Statement Savings, Money Market Deposit Account, Christmas Club)
• Certificates of Deposit (CDs) and IRAs
• Growing Tree CD
• Consumer Loans (Auto, Boat, Vacation, Deposit, Checking Lines of Credit)
• Mortgage Loans (Fixed Rate, ARM, FHA, VA, USDA, Home Possible, Home One, HELOC, Construction, Refinance)
• Credit Cards (Central Bank Partnership)
• Debit Cards (Standard, Select, Custom, School Mascot)
• Business Checking Accounts (Commercial, Small Business, Interest Bearing)
• Business Savings Accounts (Statement Savings, Money Market)
• Business Loans (SBA, Commercial Real Estate, Investment Real Estate, Operating Lines of Credit, Equipment)
• Agriculture Loans (Land, Equipment, Livestock, Operating Lines of Credit)
• Merchant Card Services (Clover POS)
• Mobile and Contactless Payment Acceptance (Apple Pay, NFC, EMV)
• Mobile Banking App (F&M Bank Hannibal)
• Online Banking Portal
• Phone Banking
• Online Bill Pay (CheckFree)
• Zelle P2P Payments
• Investment & Insurance Services (Detalus Advisors Referral)
• Positive Pay Fraud Prevention (Check and ACH)
• Digital Account Opening (DocuSign)
• Wire Transfers (Domestic and International)
• Series EE and I Savings Bonds Redemption
• Business Services (Notary, Direct Deposit, Safe Deposit Boxes)

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Detalus Advisors / Detalus SecuritiescoreChannel Partner/ Reseller/ DistributorF&M Financial Services partners with Detalus Advisors and Detalus Securities for investment and securities services including IRAs, annuities, mutual funds, retirement strategies, and financial planning. Securities offered through Detalus Securities, LLC, Member FINRA/SIPC. Jeffrey R. Holley serves as Financial Advisor at F&M Bank Hannibal location. The partnership allows F&M to offer unbiased investment advice without proprietary products.
• Central BankcoreChannel Partner/ Reseller/ DistributorF&M Bank has partnered with Central Bank to offer credit cards to customers. The credit cards provide worldwide Visa acceptance with the convenience of a local bank relationship. Features include no annual fees, competitive rates, free rewards program, and identity theft resolution services.
• Clover (Fiserv)coreTechnology or IntegrationF&M Bank offers Clover POS system to merchants through exclusive pricing arrangements. Clover options include Clover Station, Clover Mini, and Clover Mobile for accepting various payment types including EMV, NFC, and contactless payments like Apple Pay. The partnership provides comprehensive merchant card processing services.
• FiservcoreTechnology or IntegrationF&M Bank's mobile banking app (F&M Bank Hannibal) is powered by Fiserv. The app enables real-time account access, transfers, bill payment, mobile deposit, and card management. Fiserv provides the technology infrastructure supporting the bank's digital banking capabilities.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks4 records

Key highlights7 records

Customer concentration

• Xx.com/FMBank
• Facebookfacebook.com/pages/FM-Bank-and-Trust-Company/201418937350
• Instagraminstagram.com/fmbankhannibal

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about F&M Bank and Trust Company