Business Deposit Accounts

Our commercial banking division is staffed with a team of experienced banking professionals. They bring with them the expertise and dedication necessary to understand complex transactions and create sophisticated solutions. At the same time, you have the advantage of dealing with a community bank that can provide a quick response, immediate access to local decision makers and a partner who will work with you to help your business grow and flourish.

Free Business Checking

Our “Free” business checking account has no balance requirement, no monthly maintenance fee, or per item charges^*, and has a $1,000 Overdraft Limit, if you so choose.

* Subject to analysis service charges if transaction volumes exceed 200-deposited items per statement cycle.

Overdraft Limit

Upon expiration of the initial new account period of thirty (30) calendar days, all business checking accounts are eligible to receive a $1,000.00 overdraft limit. If your organization does not desire this overdraft limit service, please contact any branch location to complete an “opt out” form to discontinue this account service.

Business – Savings Accounts

Farmers and Merchants Bank offers a number of ways to profitably accumulate funds with the safety and peace of mind of FDIC insurance. Moreover, you have the freedom to choose whichever savings account works best for you. With $ 250,000.00 of FDIC depositors insurance, now is a great time to consider opening a Farmers and Merchants Bank savings account.

Statement Savings

We offer a Statement Savings account paying a competitive rate of interest. You will not be assessed any service charges with this account. A monthly statement is provided for your convenience.

Commercial Money Market

Our insured Money Market accounts are available to our commercial customers providing tiered high yield interest with a minimum deposit of $1,000. Several interest rate tiers apply to money market accounts and the Annual Percentage Yield (A.P.Y.) is subject to change at any time.  A monthly statement is provided for your convenience.

Certificates of Deposit

We offer a wide-range of Certificate of Deposit account terms, with a low minimum deposit requirement of $500.00. Interest is paid monthly, quarterly or at maturity and can be automatically credited to your account, or you can choose to have your interest check mailed to you. Certificates of Deposit renew automatically and the Annual Percentage Yield (A.P.Y.) is subject to change at maturity. A penalty may be imposed for early withdrawal, and fees could reduce earnings on the account. On deposits of $50,000 or more, we offer a variety of maturity terms with special rates. CD’s are available from a 3-month to a 60-month term.

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Health Savings Accounts (HSA)

Any employer, regardless of size, or whether or not they are incorporated, can contribute to an HSA for their employees as long as the employees are covered by a high deductible health plan (HDHP). Employer contributions are excluded from the income of the employee (i.e., they are tax-free to the employee). Employer contributions are not subject to federal income taxes, Social Security (FICA) taxes, or unemployment (FUTA) taxes.

Generally, employers take a federal income tax deduction on the business income tax return for the year of HSA contributions for employees, because such contributions are considered medical expenses. Please consult your tax advisor for the impact on your business tax situation.