Perpetual Federal Savings Bank

Perpetual Federal Savings Bank was established in 1878 under the name Perpetual Federal Savings and Loan Association. Over the years, the institution underwent several changes, including a name change to Perpetual Federal Savings Bank on December 31, 1989, as well as a shift in organizational type from a mutual savings bank to a stock savings bank on April 17, 1991. The bank's main office was relocated to 120 North Main Street in Urbana, Ohio, on the same day it changed its name. On November 1, 2019, the bank transitioned to a commercial bank, changing its regulatory agency to the Federal Deposit Insurance Corporation and becoming a state-chartered bank not a member of the Federal Reserve System. On July 21, 2011, prior to these changes, the primary federal regulatory agency had been the Office of the Comptroller of the Currency. Ultimately, on October 1, 2021, Perpetual Federal Savings Bank merged with The Farmers & Merchants State Bank, based in Archbold, Ohio.

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

1878-01-01Institution established. Original name: Perpetual Federal Savings and Loan Association.

1989-12-31Changed Organization Type to Mutual Savings Bank.

1989-12-31Changed Institution Name to Perpetual Federal Savings Bank.

1989-12-31Main Office moved to 120 North Main Street, Urbana, OH 43078.

1991-04-17Changed Organization Type to Stock Savings Bank.

2011-07-21Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

2019-11-01Changed Chartering Agency to State.

2019-11-01Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

2019-11-01Changed Organization Type to Commercial Bank.

2019-11-01Changed Primary Federal Regulatory Agency to FDIC.

2019-11-01Changed Institution Name to Perpetual Federal Savings Bank of Urbana.

2021-10-01Merged and became part of The Farmers & Merchants State Bank in Archbold, OH.