Waseca, MN
Bank FM Bank
FM Bank is a federally insured bank based in Waseca, Minnesota.
- Type
- Bank
- Charter
- State-chartered commercial bank, not a Federal Reserve member
- Primary regulator
- FDIC
- Established
- January 1, 1878
- Headquarters
- Waseca, MN
- FDIC certificate #
- 10998
- Fed RSSD ID
- 20857
- Holding company
- Independent Bancshares Inc
- Website
- mybankfm.com
$702.6M
Total assets Data as of Q1 2026
$626.6M
Total deposits Data as of Q1 2026
6
Branch locations Data as of Q1 2026
$2.5M
Net income Data as of Q1 2026
1.43%
Return on assets Data as of Q1 2026
Source: U.S. FDIC BankFind & NCUA 5300 Call Report (public data). Data sources · Data as of Q1 2026
Branches by state
FM Bank operates 6 branch locations in Minnesota. Select a state to drill down to its towns and individual branches.
Ownership
FM Bank is owned by Independent Bancshares Inc, which also owns 1 other institution. See the full ownership & merger history.
Other banks in Minnesota
Federally insured banks headquartered in Minnesota, by total assets.
- Ameriprise Bank, FSB $25.51B
- Bridgewater Bank $5.32B
- Frandsen Bank & Trust $3.69B
- Stearns Bank National Association $3.3B
- Minnwest Bank $2.97B
- Merchants Bank, National Association $2.93B
- Tradition Capital Bank $2.68B
- Think Mutual Bank $2.27B
Similar-size banks
Institutions close to FM Bank’s $702.6M in assets.
- Midwest Bank $702.8M
- First Fidelity Bank $702.2M
- Grandview Bank $703.3M
- TruPoint Bank $703.5M
- Prospect Bank $701.4M
- The First National Bank of Sonora $704.7M
Also owned by Independent Bancshares Inc
- Quoin Financial Bank $244.8M