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Ag News

        Spring 2021                                                                                  from F&M Bank

          Message from Doug Sanders                                   Fraud Protection Services

          F&M Bank and our sister bank, CBI
          Bank & Trust, legally merged on
          February 5, 2021. The merger
          involved no change in ownership. Both
          banks were subsidiaries of Central
          Bancshares, Inc., a privately-owned
          community bank holding company. In
          fact, F&M has been associated with
          Central Bancshares since 2002.
                                                                      With today’s sophisticated computers, printers and
          All F&M Bank locations will continue to                     scanners it is very easy for criminals to create
                                                   Doug Sanders
          be managed locally by the same staff                        unauthorized items. Our fraud protection services
          you already know and trust. Our commitment to the local     can help you to catch fraud earlier helping to
          communities we serve will continue to be as strong as ever,  reduce the opportunity for the money to leave your
          both in terms of financial support as well as the involvement  account. This is especially important for farmers
          and leadership provided by our employees.                   who are often busy around the farm and in the
          Our customers are now able to transact business at any of
          our sixteen F&M Bank and CBI Bank & Trust locations in      Positive Pay (Checks)
          Galesburg, Brimfield, Peoria and Buffalo Prairie, IL and    Our Positive Pay system is available through the
          Coralville, Davenport, Kalona, Muscatine, Walcott,          Business Online Banking system. Adding Positive
          Washington and Wilton, IA.                                  Pay to your account can help detect fraud early
          F&M Bank is committed to meeting the financial needs of
                                                                        l Catching duplicate items before they can
          our ag customers. Our team of advisors extends beyond
                                                                          clear your account.
          lenders to cash managers, and financial and estate
          planners. We are here to help farmers grow and prosper.       l Discovering mismatched/altered dollar
          Whether you need financing for daily operations or to fund
          growth and expansion, we have loans and programs that         l Flagging checks with numbers outside your
          can help.                                                       current check series.
          We’re excited by the new convenience and enhanced           How does Positive Pay work?
          banking resources that our organization now offers. Thank     l Once you create/write a check, you will
          you for your loyalty and business!                              upload the check issue file into our online
                                                                          banking Positive Pay system.
                                                                        l As checks are presented to the bank, they will
                                                                          be matched against your written check list.
                                                                        l If a presented item isn’t recognized by dollar
          Doug Sanders                                                    amount or the check number, that item will be
          President                                                       considered suspicious and will require a “pay”
          F&M Bank Division                                               or “no pay” decision.

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