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Integrated Deposit Solutions for Municipalities

F&M Bank's municipal banking team understands the budgetary and regulatory challenges faced by many municipalities, school districts and other government entities in meeting the needs of their local communities.

Let F&M Bank help integrate your deposit solutions to meet the highest fiduciary standards and deliver the best value for your organization.  Our municipal deposit accounts are designed to be flexible and easy.  


Contact our team to set up an appointment for your Municipality. 


Municipal Checking Account

F&M Bank's Municipal Checking is an interest-bearing account.  Once the account is opened, there is no minimum balance to maintain, making it an easy-to-manage checking option.  This account includes Free eBusiness Banking (Business Online Banking) and comes with Free e-Statements. 

  • $100 minimum to open
  • $0 minimum balances
  • 250 free transactions per month*
  • No monthly service charge with combined e-Statements**
  • Earns interest***
*This account is allowed 250 free transaction per month, any transaction above 250 the account will be charged a per item transaction fee of $0.25. **If this account is not set up for combined e-statements, a $5.00 monthly service charge will be assessed. *** For current interest rates, contact F&M Bank. Minimum opening balance $100.

Money Market Account

The F&M Bank Municipal Money Market is a competitive, tiered interest-bearing account that allows you to accumulate public funds and gives you the ability to access the account by check, in person withdrawal, and online or telephone banking transfer.¹

  • 4-tiered interest rate levels to maximize earning power as the balance increases 
  • $5,000 deposit to open²
  • Must have an F&M Bank Municipal Checking Account.  If you close the checking account, your Municipal Money Market account will be converted to an Investor's Choice Money Market Account. 
  • Must have e-Statements with all accounts.³
  • Customers can establish Direct Deposit and/or Automatic Transfers to the account. 

1-During any month, you may not make more than 6 withdrawals or transfers to another account or to a third party by pre-authorized or automatic transfer, telephone, online transfer or by check/debit or similar order a third party. If you exceed the 6 withdrawal limit, a $10 per transaction charge will be assessed.
2-Minimum opening balance is $5,000. If at any time during the month, the account balance falls below $5,000, a $10 service charge will be assessed to the account.
 If this account is not set up for combined e-statements, a $10.00 service charge will be assessed.a

Our team specializes in Municipal Banking and is committed to providing solutions that save time, money, decrease risk and improve your financial operating efficiencies and controls.