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F&M Community Bank is a Preston, MN-based company in the Financial Services sector.
In 1954 Stanley H. Haahr founded a new bank in Storm Lake, Iowa. He joined a handful of friends who invested a total of ten thousand dollars to incorporate the Storm Lake Savings and Loan Association. On February 22, 1954, Haahr opened the doors with nothing more than a desk, a cash box and a borrowed vault Stanley Haahr didn’t need a complex mission statement or business philosophy. Instead, he practiced one simple credo: to take good care of employees and customers and to promote thrift and homeownership. We’ve changed a little since those early days. Customer accounts are updated with computers instead of pens and ten-keys. And that original $10,000 of capital is now approaching a billion dollars in assets! But we have not changed in our commitment to help people by making local banking serve them well.
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