For over 140 years Farmers State Bank has supported our clients and communities, and during this difficult time we remain committed to continuing that support. “This is an unprecedented time for all of us,” says CEO, Rod Duroe, “Our goal is to stand with our customers and help our communities get back on their feet.”
To lessen the strain on our customers experiencing financial hardship due to COVID-19, FSB is offering the following COVID-19 Relief Program, which is available through May 31, 2020.
For personal customers of Farmers State Bank:
- The Bank may provide payment deferrals on consumer loans, credit cards and mortgage loans.
- All associated fees for deferring payments (skip-a-pays) will be waived.
- Early withdrawal penalties on Certificates of Deposits are waived.
- Fees for nonsufficient funds and overdrafts are waived. (The Bank is not obligated to pay any item against your account if there are not sufficient funds.)
- We will continue to offer consumer credit for qualified consumers, including those experiencing financial hardship.
For business customers:
- Working capital lines of credit, payment modifications and payment deferrals.
- All associated fees for payment deferrals or modifications will be waived.
- Early withdrawal penalties on Certificates of Deposit are waived.
- Fees for nonsufficient funds and overdrafts are waived. (The Bank is not obligated to pay any item against your account if there are not sufficient funds.)
FSB continues to evaluate the rapidly changing impacts of COVID-19, and will consider options to extend or expand relief efforts as circumstances change. For more details, please contact your Relationship Manager directly or call us at (877) 372-1879.