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                      HISTORY OF UNITED FARMERS & MERCHANTS STATE BANK

     Farmers & Merchants State Bank of Donnelly was chartered April 20, 1912 and opened for business July 1, 1912 in Donnelly, Minnesota. In 1992 the Bank’s owner and Board of Directors decided to expand its service area in order to improve services to the surrounding communities. The First State Bank, Chokio, Minnesota was purchased on September 4, 1992. The two banks continued to operate as separate entities until September 14, 1993, when they merged together. The resulting Bank was named Farmers & Merchants State Bank. The Bank operated its two offices in Donnelly and Chokio until February 16, 1994, when the Bank relocated its Charter from Donnelly to Morris, Minnesota. In addition to moving the Bank Charter from Donnelly to Morris, the Bank changed its name to United Farmers & Merchants State Bank.
     This Bank was chartered in 1912 as an independent bank. Today, it remains independent and serves the local communities of Donnelly, Chokio, and Morris. The Bank is looking forward to celebrating 100 years of community service in 2012.

United Farmers & Merchants State Bank, P. O. Box 380,

Morris, MN 56267 (320)589-3361