INTRODUCING FARMERS & MERCHANTS CUSTOMER SERVICE TEAM

Connie SchumannCustomer Services – Waterloo

478-2181Has 5 years of banking experience. Confidentially deals with customer

inquiries regarding their accounts and the services we offer in an effort to provide a positive banking experience.

Enjoys staying at home and spending time with family.

Laurie FreyVice President of OperationsDirect Line – 478-7004Laurie has 34 years of F & M bank experience with responsibilities for bookkeeping, customer service, tellers, and security. In 2009 she received the Waterloo Chamber of Commerce Volunteer of the Year award for 32 years of dedication to various non-profits. She also received a Lifetime Service Award from Community Bankers of Wisconsin.

She and her husband, John, enjoy spending time with their grandkids, hunting and fishing. Laurie’s hands are usually busy with craft projects like prayer shawls for her church.

Bobbi FranklinHuman Resources Officer

Direct Line – 478-7006Works primarily in Waterloo and lives in Marshall.

Manages recruiting, training, benefits and wellness program. Assists customer service area as needed.

Has 19 years of Human Resources experience.Favorite vacation destination – Ocean City, MD.

Annette StebnitzCustomer Service - Waterloo478-2181Has 26 years of banking experience. Confidentially deals with customer inquiries regarding their accounts and the services we offer in an effort to provide a positive banking experience.

Enjoys spending time on the family farm in Reeseville and outdoors.

SPRING 2010

WARNING: 2010 Census Cautions from the Better Business BureauBe Cautious About Giving Info to Census Workers by Susan Johnson

With the U.S. Census process beginning, the Better Business Bureau (BBB) advises people to be cooperative, but cautious, so as not to become a victim of fraud or identity theft. The first phase of the 2010 U.S. Census is under way as workers have begun verifying the addresses of households across the country. Eventually, more than 140,000 U.S. Census workers will count every person in the United States and will gather information about every person living at each address including name, age, gender, race, and other relevant data.

The big question is - how do you tell the difference between a U.S. Census worker and a con artist? BBB offers the following advice:

• If a U.S. Census worker knocks on your door, they will have a badge, a handheld device, a Census Bureau canvas bag, and a confidentiality notice. Ask to see their identification and their badge before answering their questions. However, you should never invite anyone you don’t know into your home no matter how cold it may be. Get a coat so you can stand outside with them during the questions.

• Census workers are currently only knocking on doors to verify address information. Do not give your Social Security number, credit card or banking information to anyone, even if they claim they need it for the U.S. Census.

REMEMBER, NO MATTER WHAT THEY ASK, YOU REALLY ONLY NEED TO TELL THEM HOW MANY PEOPLE LIVE AT YOUR ADDRESS.

While the Census Bureau might ask for basic financial information, such as a salary range, YOU DON’T HAVE TO ANSWER ANYTHING AT ALL ABOUT YOUR FINANCIAL SITUATION. The Census Bureau will not ask for Social Security, bank account, or credit card numbers, nor will employees solicit donations. Any one asking for that information is NOT with the Census Bureau.

AND REMEMBER, THE CENSUS BUREAU HAS DECIDED NOT TO WORK WITH ACORN ON GATHERING THIS INFORMATION. No Acorn worker should approach you saying he/she is with the Census Bureau.

Eventually, Census workers may contact you by telephone, U.S. mail, or in person at home. However, the Census Bureau will not contact you by Email, so be on the lookout for Email scams impersonating the Census. Never click on a link or open any attachments in an Email that are supposedly from the U.S. Census Bureau.

WATERLOO478-2181

MARSHALL655-3451

www.fandmstbk.comCall 1-888-478-3007 for the current Dream Builder certificate of deposit rate. If monthly automatic deposit of $20.00 ends, account will be closed and early withdrawal penalties

may be incurred. Early withdrawal may reduce earnings on your account.

Your 2010DreamBuilder

Your 2010DreamBuilder

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Board Members from Left to Right Standing: Bill Hogan, Gene Davis, Terry Hellenbrand, Andy Griggs, Terry WeisenselSeated Left to Right: Jim Beyer, Bill Campbell and Dr. Joe Arena.

Estate Planning can be an easy task to put off. After all, it requires facing up to the fact that we won’t be around forever. Consider the alternative to waiting: financial uncertainty for your heirs, the possibility that courts, instead of you, will decide how your estate is divided up thus forcing your heirs to make decisions you couldn’t. What seems like an unpleasant project can turn into one of the most important and rewarding financial decisions you can make in perpetuating your legacy for years to come.Contact Malinda Weisensel, Financial Consultant, for information and handouts from the Estate Planning Seminar held on March 10, 2010 at 920-478-7019 or email malinda.weisensel@lpl.com.

Malinda Weisensel is a Financial Consultant with, and Securities and Insurance products offered through, LPL Financial and its affiliates. Member FINRA/SIPC. F & M State Bank and F & M Financial Services are not a broker/dealer(s) nor affiliated with LPL Financial.

Not FDIC insured. No bank guarantee. May lose value. Not a deposit. Not insured by any Federal Government Agency

AVOID COSTLY MISTAKES IN ESTATE PLANNING

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THE 2010 FARMERS & MERCHANTS BANK BOARD OF DIRECTORSThe primary responsibility of the board of directors is to protect the shareholders’ assets and ensure they receive a decent return on their investment. Their role is to oversee how management serves the long-term interests of share owners and other stakeholders, and how effectively resources are managed. An active, informed, independent and involved board is essential for ensuring integrity, transparency and long-term strength. Famers & Merchants is proud to introduce their 2010 Board of Directors. They are a valuable part of the F&M team.

PLAN TO ATTEND THESE UPCOMING SPRING EVENTS! • Saturday, March 20, 2010 • 9 a.m. - 1 p.m. • FREE Community Expo in Marshall at the Elementary School • Saturday, March 20, 2010 • 8:30 a.m. - 3 p.m. • FREE Home Buyers Fair at the Alliant Energy Center in Madison • March 26-27-28 • Jefferson County Spring Home Show – Jefferson County Fair Park

FARMERS & MERCHANTS STAFF JOIN IN THE

Farmers & Merchants staff held a bake sale at both locations on Friday, February 12th and Saturday, February 13th to benefit the Special Olympic “Polar Plungers” who bravely “dived in” on February 20, 2010. Pictured below right are F & M staff members Earl Williamson, Ann Renforth. Brad Chadwick, Mandy Clover and Greg Baker who are presenting a $100 donation for Special Olympics on behalf of the bank.

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Extended Buyer Tax CreditCapitol Hill has extended the up to $8,000 tax credit deadline to April 30, 2010 for first time homebuyers (someone who has not owned a home within the last three years). The addendum to this tax credit is the addition of a provision for up to a $6,500 tax credit to repeat homebuyers (those who have owned their existing home for five of the last eight consecutive years) on the purchase of a new primary residence. This provision accounts for the many buyers jumping off the fence to take advantage of a great opportunity, along with historically low interest rates, to buy a new home.

As with any tax credit there are qualifications and limitations, a well as special regulations for military personnel. For home owners thinking about selling, now is the time to take advantage of this buyer incentive, at no cost to you! Call Jim, Deb or Brad today to find out if you qualify for this significant opportunity to become a home owner!

Apply On-line for a New Home Mortgage or Refinance

• Apply Anytime, From Anywhere.

• Streamlined Application Process

• Detailed Cost Information

• Rate Watch automatically informs you when your desired rate is available

• Calculators let you experiment with different products

www.fandmstbk.com

Apply Online To Receive $100 Towards Your Closing Costs!Offer not good with Home Equity Loans. Limited time

offer starting March 2010.

WATERLOO MARSHALL1-888-478-3007

Front Row Seated: Rose Tiedt, Sib Moll and Pat Weihert 1st Row Left to Right: Mary Lou Treptow, Cheryl Setz, Pam Davison, Deb Egli and Jim Schaefer2nd Row Left to Right: Jean Mosher, Mandy Clover, Malinda Weisensel and Barb Hennessy. Back Top Row: Earl Williamson, Joy Probst and Brad Chadwick

F&M PRESIDENTS CLUB 2009

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These individuals are recognized for receiving superior results while serving the needs of our customers in 2009.

MORGAN SCHISSEL

It’s true! We are thrilled to announce that we will be a proud sponsor of MORGAN SCHISSEL of M3Racing, LLC in 2010.

Morgan is presently a 7th grader in Marshall. More info to follow as he beginsracing in May at DellsRaceway Park!

Presorted StandardUS Postage Paid

Racine, WIPermit No. 1261

210 WEST MADISONWATERLOO, WI 53594-0096