Farmers & Merchants Savings Bank
Effective April 1, 2019 Farmers & Merchants Savings Bank's Waukon and Decorah locations merged into FreedomBank. FreedomBank with locations in Waukon, Decorah, Elkader, Monona, and Postville is the areas leading bank serving the surrounding areas since 1903. It offers personal and business checking and savings accounts, loans, mortgage loans, individual retirement accounts, health savings accounts, personal and business online banking, bill pay and much more.
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Younger banking customers are making a decided move away from megabanks like Bank of America, JPMorgan Chase, and Wells Fargo for digital banks and fintechs like Chime, PayPal, and Square, according to research done by Cornerstone Advisors.