Farmers-Merchants National Bank of Paxton

Farmers-Merchants National Bank of Paxton was established on March 26, 1914. Over the years, the institution underwent several significant changes. On June 12, 1972, the bank moved its main office to 101 North Taft Street in Paxton, Illinois. In 1991, the bank expanded its operations by acquiring Melvin State Bank in Melvin, Illinois. On October 1, 2018, Farmers-Merchants National Bank of Paxton merged with Joy State Bank, located in Joy, Illinois, and subsequently changed its name to Farmers-Merchants Bank of Illinois on October 22, 2018. The institution further changed its trajectory when it merged with Merchants Bank of Indiana, based in Carmel, Indiana, on January 26, 2024, marking the end of its independent operation.

Below is a list of some important events in banks history, including mergers and acquisitions.

1914-03-26Institution established. Original name: Farmers-Merchants National Bank of Paxton.

1972-06-12Main Office moved to 101 North Taft Street, Paxton, IL 60957.

1991-01-01Acquired Melvin State Bank in Melvin, IL.

2018-10-01Merged and became part of Joy State Bank (11329) in Joy, IL.

2018-10-22Changed Institution Name to Farmers-Merchants Bank of Illinois.

2024-01-26Merged and became part of Merchants Bank of Indiana in Carmel, IN.