F&M Bank, based in Galesburg, has completed its merger with Brimfield Bank.
The boards of both organizations feel the acquisition will create a strong partnership between the community banks. Brimfield is midway between Galesburg and Peoria, communities in which F&M Bank already has four locations.
“We are excited about the prospect of providing clients with access to a broader range of services such as mobile banking, commercial cash management, and trust and investment services,” F&M Bank President and CEO Doug Sanders said. “We are sure that many of them will also enjoy the convenience of the additional area locations as well.”
The location will operate as F&M Bank. No action is required by bank customers, as existing account information will not change at this time. Information has been mailed to account holders.
“We are also extremely pleased to have the Brimfield Bank employees join our banking family, and we’re excited by the opportunity to serve our new clients,” Sanders said.
The Brimfield location will switch to F&M Bank’s data processing system this year.