Farmers & Merchants Bank opens in Tupelo

By Dennis Seid/NEMS Daily Journal

TUPELO – It’s a small but growing family.
At least, that’s what officials with Baldwyn-based Farmers and Merchants Bank believes.
The 62-year-old bank opened its first office in the financial hub of Northeast Mississippi on Friday with a six-person office.
“Farmers and Merchants is a family owned business, and we’re here to provide great customer service in the Tupelo market,” said branch manager Bill Almon. “We’ve had great customer response. … they’ve welcomed us to the community. We think we can make a difference.”
Almon said FMB and its customers will like how they’re treated.
“It’s a very competitive market. But I think what sets us apart is we treat everyone like family – we greet you by name, we know who you are,” he said.
The full-service FMB office offers individual and business loans, mortgages and insurance services.
Among the faces at the office is Prentiss Turner, a 40-year banking veteran. Turner has worked for BancorpSouth and Renasant and joined FMB this year.
Founded in 1941, Farmers and Merchants Bank has more than $212 million in total assets.
Total deposits as of the latest reporting period of June 30, 2012, were about $175 million.
FMB has six offices – its main office in Baldwyn, two in Booneville and one each in Mantachie, Marietta and Mooreville.