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COVID-19 (Coronavirus)

Updates from FSB

3/27/2020

Governor Walz has issued a Stay At Home order for the state of Minnesota effective March 27th through April 10th.  He is strongly encouraging citizens and organizations for their cooperation and collaboration in efforts to stay at home to help reduce the spread and ensure adequate resources are available to combat COVID-19.  As we’ve stated before, the safety of our employees, customers and community are our top priority. Banks have been defined in the “critical sector” and essential workers.  Therefore, effective Monday March 30th through Friday April 10th all Farmers State Bank lobbies will remain closed and our Albert Lea drive up hours will be 7:30am – 4:00pm.  We remain committed to serving our customers, but also to our community by attempting to limit personal contact as much as possible.  We are still here to serve your financial needs and feel free to call us or reach out online with any questions or concerns you may have.

Stay home and stay healthy!

3/23/2020

U.S. Small Business Administration (SBA) has a resource for small businesses with significant income loss due to the COVID-19 pandemic. If anyone needs help with the application process or if you have any questions please reach out to FSB’s commercial lending department by calling 507-373-1945.

https://disasterloan.sba.gov/ela/?fbclid=IwAR10PoNNR5n3s05gRmuY9Yo0qxlat33u4n2rtmrnG8XGKqPp1GIYYjyYItA

If you are a worker who has lost your job or had hours reduced because of the COVID-19 pandemic apply for Unemployment Insurance. FSB understands the impact this has on daily life, and we encourage any of our customers experiencing financial difficulty to please contact us by phone at 507-373-1945 or by e-mail at support@fsbmn.bank

https://www.uimn.org/?fbclid=IwAR13n1B9pjRIEughUJhFHSnCuEdpXY4mMi-Euo3p0q90YyVUi_eJemwOh_Y

DEED has established a loan program to assist small businesses affected by the COVID-19 pandemic. Small businesses are a vital part of Minnesota’s economy and this program will provide a source of working capital to help businesses sustain operations during this challenging time. Please reach out to our commercial lending department by calling 507-373-1945 with any questions or concerns.

https://mn.gov/deed/business/financing-business/deed-programs/peacetime/

We are in this together!

3/21/2020

Among the uncertainty, worry, unpredictability, concern, and uneasiness of these times the FDIC is reminding Americans that FDIC insured banks remain the safest place to keep your money.  Since 1933, no depositor has ever lost a penny of FDIC- insured funds.  Farmers State Bank customers still have full access to their accounts though online banking, mobile banking, by calling any branch location, night depository, drive up service in our Albert Lea location, and by special appointments.

Visit the FDIC website for more information on FDIC insurance and FAQs for bank customers affected by COVID-19.

https://www.fdic.gov/news/news/press/2020/pr20032.html?fbclid=IwAR3Z0Ccap6CVZbKn15whfd0n2z3LneGWgQFVxo1TlHI7wIgyCDQfocSeygQ

https://www.fdic.gov/coronavirus/faq-customer.pdf

And as always please feel free to call us with any concerns you may have.

3/18/2020

Farmers State Bank is a full service community bank in every sense of the word.  We have been around since 1912, and have weathered many storms.  The Coronavirus pandemic is extremely unfortunate, and it is in times like this that community banking matters.  We want ALL our customers to know that we are here for you.  We understand and see the impact this has on daily life.  FSB strongly encourages customers finding themselves facing financial difficulties to please reach out to us.  We are committed to each persons’ situation on a case by case basis, and will work with you to come up with a solution that works for you. Government and local agencies are also developing specialized programming and we will collaborate with them when possible.  Farmers State Bank is truly COMMUNITY OWNED COMMUNITY FOCUSED.

Contact us by phone: 507-373-1945

E-mail: support@fsbmn.bank

Or contact your local lender directly

3/16/2020

As a community bank, it is our responsibility to help stop the spread of this virus through whatever means possible, while still serving our customers’ financial needs.  Farmers State Bank strives to live out our mission statement “To improve the lives of our employees, shareholders, and community members” by taking these next steps in our pandemic response plan. WE WILL BE CLOSING THE FREEBORN AND HARTLAND BRANCHES AND GOING TO DRIVE THRU ONLY IN OUR ALBERT LEA LOCATION FROM: WEDNESDAY MARCH 18TH – FRIDAY MARCH 27TH.

Deposits through the night drop will be processed a couple times a day as staffing allows.  We will be accepting appointments for loans, safe deposit box access, and various other necessary banking needs.  We want you to feel confident in our ability to continue to meet your financial needs and offer many convenient banking options listed below.

We also understand that there may be instances where customers find themselves facing difficulties.  Farmers State Bank is here to help and we encourage customers who may be impacted to please reach out and call us as 507-373-1945 to discuss how we might be of assistance.

3/13/2020

Farmers State Bank is monitoring and taking actions to respond to COVID-19 (Coronavirus).  As always, the health, safety and well-being of our customers, employees and community members is our top priority!  Farmers State Bank is prepared and has a disaster recovery policy that includes plans for a pandemic event.  At this time, all three of our branch locations (Albert Lea, Freeborn, Hartland) are open and fully operating.

Convenient Ways to Conduct Banking from Your Home or Office

We are asking that all our employees and customers cooperate in taking steps to reduce the transmission of communicable diseases by following the guidelines and recommendations of the CDC and World Health Organization.  Farmers State Bank offers many alternate banking solutions for those that wish to limit public interactions as much as possible.

  • Go Online!
    • Online & Mobile Banking services are available 24/7 allowing both consumer and businesses to perform many necessary banking transactions from your home or office location.
      • Check Balances
      • Pay Bills
      • Deposit Checks
      • Person to Person (P2P) Payments
      • Manage Debit Cards
      • Transfer Between Accounts
      • View Account Activity
      • View Statements
  • Download our App!
    • Online banking app that provides all the same functions as our online banking.
    • FSB Mortgage app allows you to apply, securely upload documents, check loan status, and contact your lender all from your phone.
  • Use Drive Thru!
    • Our Albert Lea location Drive Thru window is open Monday-Friday from 7:30am to 5:00pm.
  • ATMs
    • For balance information & cash withdrawals
  • Mobile Wallet
    • Add your FSB debit card to Apple Pay or Google Pay for tap and go payment processing at participating merchants
  • Call Us!
    • Call 507-373-1945 for assistance with your banking needs

 

Events

Summer in the City– June 6th 4-7pm in Wells

Wind Down Wednesday– June 19th downtown Albert Lea

Wind Down Wednesday– July 17th downtown Albert Lea

FSB Customer Appreciation Event– July 25th 4-7pm at Edgewater Bay Pavilion in Albert Lea

Wind Down Wednesday– August 14th downtown Albert Lea

FSB News Articles