Bank · FDIC insured
Farmers & Merchants Union Bank
A $872.1M bank headquartered in Columbus, WI, with 13 branches in Wisconsin. Best rates: CDs 4.04% and savings 0.75% APY.
Farmers & Merchants Union Bank Carrot Score
79
Carrot Score
Higher than 49% of U.S. banks and credit unions
#15 of 39 in Madison, WI metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Farmers & Merchants Union Bank
Founded in 1861 in Columbus, Farmers & Merchants Union Bank operates thirteen locations across communities including Beaver Dam, Janesville, and Sauk City.
The bank expanded by acquiring Wisconsin River Bank in 2025 and American Bank of Beaver Dam in 2026.
- Headquarters
- 159 W James St, Columbus, WI 53925
- FDIC certificate
- 14445 ↗
Branches
13 branches in Wisconsin
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Wisconsin
13 branches
Madison area · 6
- Farmers and Merchants Union BankMain office159 W James St, Columbus, WI 53925Directions
- Industrial Drive Branch104 Industrial Dr, Columbus, WI 53925Directions
- Farmers & Merchants Union Bank Branch637 S Main St, Fall River, WI 53932Directions
- Friesland Branch114 W Winnebago St, Friesland, WI 53935Directions
- Lodi Branch220 N Main St, Lodi, WI 53555Directions
- Rio Branch575 S Lowville Rd, Rio, WI 53960Directions
Beaver Dam area · 4
- American Bank Of Beaver Dam Branch115 Front St, Beaver Dam, WI 53916Directions
- Northside Branch1519 N Spring St, Beaver Dam, WI 53916Directions
- The American National Bank Branch120 Frances Ln, Beaver Dam, WI 53916Directions
- New Juneau Branch198 North Western Avenue, Juneau, WI 53039Directions
Janesville area · 1
- Janesville Branch1101 N Parker Dr, Janesville, WI 53545Directions
Necedah area · 1
- Necedah Branch212 S Main St, Necedah, WI 54646Directions
Baraboo area · 1
- Wisconsin River Bank Branch608 Phillips Blvd, Sauk City, WI 53583Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.97% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.15% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.76% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $86 | $81 | — |
- CapitalLeverage ratio9.97%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.15%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.76%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$86Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Farmers & Merchants Union Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.