M i n n e s o t a S U M M E R 2 0 1 9

www.fmbank.biz e-mail: info@fmbank.biz

Manchester 101 E Main St 563-927-4475

Cedar Rapids 4000 1st Ave NE 319-366-8681

Cedar Rapids 200 1st St SW 319-366-4040

Anamosa 220 W Main St 319-462-6878

Monticello 111 E 1st St

319-465-9158

Lino Lakes, MN 7641 Lake Dr 651-784-8000

Vadnais Heights, MN 845 E County Rd E

651-429-8000

INSIDE

WIECK MORTGAGE TESTIMONIAL .................. 2

LUNCH WITH US ............. 2

WELCOME LISA .............. 2

RELAY FOR LIFE .............. 2

WHIMSICAL WIG PROJECT ......................... 2

OUT & ABOUT WITH F & M BANK ........... 3

FEED MY STARVING CHILDREN ....................... 4

Dear Valued Client,As we begin to enjoy our summertime activities, the wet spring begins to fade in the rear-view mirror. With the change in seasons, many of us see great opportunities that lie ahead for the upcoming summer. The Merriam-Webster Dictionary defines “Opportunity” as; a favorable juncture of circumstances or a good chance for advancement or progress. At F & M Bank we see endless opportunities in the coming months for both our clients and our team.

This past July, after much deliberation, Dunn Investment Company decided to list the three Central Iowa branches for sale. After a significant amount of vetting and a lengthy due diligence period, the perfect match was found in First National Bank, based out of Waverly, Iowa. First National Bank, founded in 1864 is the oldest bank serving Northeast Iowa and has always remained locally-owned and community focused. They currently have offices located in Cedar Falls, Plainfield and Waverly, IA. On May 21st, 2019, F & M Bank and First National Bank officially signed the purchase agreement for the three Security Savings Bank branches. As with all transitions, there will be some small changes but wonderful opportunities as well. With the sale, F & M will be able to continue focusing on operational efficiencies, as well as redeploying its capital into new and existing markets. With this change, wonderful opportunities lie ahead for all three organizations.

Again and again, fraudulent activity seems to become much more prevalent. Chip technology incorporated into debit and credit cards is helpful, but we strongly encourage you to be vigilant in monitoring your account and mindful when conducting financial transactions. You can monitor your accounts through our mobile banking app, internet banking, utilizing the Card Valet app and enrolling in ID TheftSmart. To prevent fraud in the first place we encourage you to avoid giving out personal information over the phone/computer, guarding your PIN numbers and watching for skimmers on gas pumps and ATMs. Our team is always ready to help you download or activate any of the aforementioned tools that are available to protect you from fraud.

On the business front, record rainfall throughout the Midwest has brought with it some challenges in both the construction and agricultural sectors. Outdoor contractors have been unable to get spring jobs started in a timely fashion with the saturated working conditions. Farmers have been challenged with wet planting conditions but seem to finally have a majority of their 2019 crop in the ground. Throughout the Midwest, it has been estimated that more than a third of the farmers will be filing for prevent plant payments on at least some of their acres in 2019. The opportunities that come from a wet spring like this one are; sharply increased commodity prices with bullish futures, fantastic growing conditions as things begin to dry out and a backlog of construction work to fill up the summer and fall seasons. The stock market continues to show volatility as it bounces around the 26,000 mark. First quarter 2019 GDP growth is estimated at 3.1%, which continues to support slow and steady growth throughout our economy. Even with that steady growth, there are signs the economy may be slowing and economists are actually estimating rate cuts versus rate hikes by the Federal Reserve later on this year.

June 25th, 2019 marked our 25th anniversary in the Cedar Rapids Metro. In 1994, we opened our first branch in Cedar Rapids, which is currently located at 4000 1st Avenue NE. Our mission of “Exceeding Clients’ Expectations” continues to remain our primary focus for both our clients and the communities we serve.

As always, thank you for your continued loyalty to F & M Bank. We acknowledge and thank all of you for your contribution to the growth and success of F & M Bank. We look forward to being your trusted financial advisors

for many years to come. Wishing you much success and prosperity!

Sincerely,

Nathaniel W. Dunn President & CEO

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What a fun event we enjoyed this year with our local community!

Relay for LifeF&M Bank attended the 25th Anniversary White Bear Lake Area Relay

for Life on Friday July 26th.

A donation was made in honor and memory of loved ones.

Welcome Lisa PhillipsLisa recently joined the F & M team as a Customer Service Representative at our Vadnais Heights location. She was born in Northeast Minneapolis but grew up in the Circle Pines area and attended Centennial High School, where she graduated in 2007. Prior to working at F & M bank she worked in retail. In her free time, she enjoys cooking and experimenting with healthy recipes. She also enjoys traveling to visit friends and family.

Susie from our Vadnais Heights branch is involved in the Whimsical

Wig Project which makes hats for children battling cancer in Minnesota.

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Kelly, Shelly, Lisa and Sue attended this year’s CAEF Gala at Infinite Campus.

Sue and Sara attended the TeamWomen Conference this Spring.

Out and About With F & M Bank

Sara and Sam attending the University of Minnesota Job and Internship Fair.

Sue and Holly attending the VHEDC North Metro Business Expo.

101 E Main St, Manchester, IA 52057 220 W Main St, Anamosa, IA 52205 4000 1st Ave NE, Cedar Rapids, IA 52402 200 1st St SW, Cedar Rapids, IA 52404111 E 1st St, Monticello, IA 52310 7641 Lake Dr, Lino Lakes, MN 55014 845 E County Rd E, Vadnais Heights, MN 55127

PRSRT STDU.S. Postage

PAIDPermit No. 54Belmond, IA

250,000

psi2go.net

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Feed My Starving ChildrenFeed My Starving Children is a local non-profit.

Visit www.fmsc.org for more information on how you can help.

F&M Bank Team members packing meals for those in need.